Home2022September (Page 14)

Just as pandemic-related supply chain dislocation among motor manufacturers has begun to abate, carmakers have warned that they are being hit by the sharp fall in sterling and rapidly rising energy costs. The latest UK car factory output figures were only 50,000 in August, a rise

Britain’s biggest carmaker has revealed the scale of efforts to retrain its workforce to cope with the shift to zero-emission vehicles. Jaguar Land Rover said 10,000 workers in the UK alone, both in its facilities and those employed by dealers selling Jaguars, Range Rovers and Land

Borrowing costs for British companies have surged as the fallout from Friday’s mini-budget continues to reverberate around bond markets. Sterling corporate bond prices look set for their biggest monthly fall since the late 1990s, despite Bank of England moves to try to stabilise the market.The Markit