-
Carlos Tavares has resigned as CEO of Stellantis, effective immediately, following a clash with the board amid declining sales and a profit warning. The company plans to appoint a new CEO by mid-2025 while establishing an interim executive committee led by chairman John Elkann.
-
Stellantis plans to close the Vauxhall van plant in Luton by April 2025, risking over 1,100 jobs. The decision follows declining demand for gasoline vehicles and a shift towards electric production, with operations moving to Ellesmere Port. This closure marks a significant blow to the local economy and the automotive industry in the UK.
-
The UK automotive sector is grappling with declining electric vehicle (EV) sales, job cuts, and economic pressures. Major manufacturers like Ford and Stellantis are reducing their workforce, while the Society of Motor Manufacturers and Traders (SMMT) warns of a potential £6 billion loss this year, urging for urgent market intervention.
-
In recent Championship matches, Middlesbrough secured a decisive victory over Luton Town, while Blackburn ended their goal drought with a win against Cardiff. Millwall's winning streak halted with a draw against Stoke. In League One, Birmingham and AFC Wimbledon also claimed important wins, with Wrexham struggling to find form.
-
Lidl is set to kick off its first Christmas truck tour across nine UK cities from November 14 to December 1. The tour will feature giveaways, festive food, and pop-up events, coinciding with the retailer's expansion plans, including the opening of 10 new stores before Christmas.