UK Business News

The Society of Motor Manufacturers and Traders (SMMT) say that the government ‘car scrappage‘ initiative has been a great success, with demand from private buyers improving for the first time since November 2007.
While new car registrations are still well below pre-crisis figures, new car sales for June 2009 stood at 176,264 compared to 209,190 for [...]

[Read more →]

The UK trade union for manufacturing workers, Community has warned that Europe’s second biggest steel producer Corus is planning to cut 2,000 more jobs in the UK. The news comes only months after Corus laid off 2,500 workers at the start of the year.
The job losses are expected to include 500 in Scunthorpe and 800 [...]

[Read more →]

UK van manufacturer LDV went into administration today after parent company GAZ failed to secure a rescue package, leaving the 850 workforce at it’s Birmingham plant without jobs.
Russian owned GAZ were forced to suspend production at the LDV plant in December, citing funding problems. Talks with Malaysian company Weststar broke down last week after it [...]

[Read more →]

Budget Airline Ryanair’s outspoken CEO, Michael O’Leary has said that his company will continue to offer European consumers better value for money, “Just like Aldi, Lidl, Ikea and McDonalds are doing in their respective industries”, despite posting it’s first full year loss in 20 years.
Ryanair had written down the fall in the value of it’s [...]

[Read more →]

There are growing concerns over the future of two Vauxhall manufacturing plants in the UK as talks in Germany have broken down over who will buy it’s parent company GM Europe.
With two of the bidders threatening to cut jobs across Europe, car industry experts and union leaders have accused the UK Government of not doing [...]

[Read more →]