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The Latest Breaking News from SMMT

Cyberattack drives UK car production to 73-year low as tax threat looms

UK factories built 35.9% fewer vehicles in September after major manufacturer JLR was knocked offline by a cyber incident. Now the sector is accusing Westminster of unfairly taxing its own workers, putting Britain’s economy at risk.

Euronews

What's Going On With Summit Therapeutics Stock On Monday?

Summit Therapeutics Inc. (NASDAQ:SMMT) stock is trading lower on Monday. The company shared progress on its lead drug candidate and third-quarter financial results.

Benzinga

Government crackdown on car industry perk could drive up used car prices

Employee Car Ownership Schemes set to be targeted by HMRC, but it could hurt industry, government revenue and car buyers

The Independent UK

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Electric car sales hit record high in September

Industry body the Society of Motor Manufacturers and Traders (SMMT) said 72,779 pure battery electric new cars were registered last month.

The Independent UK

Fall in number of cars built in the UK as exports dip – trade association

The number of new electric cars leaving factories accounted for 40% of total output.

The Independent UK

Summit Therapeutics' Lung Cancer Drug Under Dark Clouds As Keytruda Challenger Shows Regional Data Differences

Summit Therapeutics Inc. (NASDAQ:SMMT), on Sunday, revealed the updated overall survival (OS) results from the global Phase 3 HARMONi trial of ivonescimab at the 2025 World Conference on Lung Cancer (WCLC).

Benzinga

New car market declined by 2% in August

Battery electric vehicles held a 26.5% share of the sales, according to new figures.

Evening Standard

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Liz Truss warns there is ‘a reckoning coming’ for central banks, and backs Trump in Fed battle; US growth revised higher amid AI boom – as it happened

Rolling coverage of the latest economic and financial news, as former PM criticises Bank of England and claims UK faces ‘economic doom loop’

The Guardian - UK

UK car production figures increase in July

A sharp fall in commercial vehicle output compared to the year before means the overall number is down.

Evening Standard

Summit, Akeso Report Lung Cancer Survival Boost With Ivonescimab, A Rival To Merck's Keytruda Multi-Billion Dollar Franchise, Says Analyst

Summit Therapeutics Inc (NASDAQ:SMMT) and Akeso said ivonescimab, a PD-1xVEGF bispecific antibody, can extend patients' lives for EGFR-mutated, locally advanced or metastatic non-squamous non-small cell lung cancer (NSCLC) progressed after EGFR-TKI treatment.

Benzinga

Registrations of new cars down by 5% in July as drivers delay EV purchases

The Society of Motor Manufacturers and Traders said 140,154 new cars were registered last month.

Evening Standard

Tesla’s UK sales fall almost 60% in July as BYD surges; Neil Woodford fined and banned over fund collapse – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

UK car vehicle production falls amid global economic and trade uncertainty

British car output fell 7.3% in the first six months of the year, while van and other commercial vehicle production plummeted by 45.4%.

Evening Standard

UK car manufacturing slumps to lowest level since 1953 barring Covid

New vehicles declined 12% in first six months of this year as Trump’s tariffs caused chaos, SMMT figures show

The Guardian - UK

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Evening Standard

Car production fell for fifth consecutive month in May

The SMMT said the reduction was mainly due to ongoing model changeovers, restructuring and the impact of US tariffs.

Evening Standard

Car makers call for planned easing of electricity costs to go further

Proposed relief on standing charges was included in the Industrial Strategy published on Monday.

Motor1

UK Car Production Falls to Lowest Levels in 70 Years

Vehicle production in the United Kingdom fell to its lowest level in 70 years after a combination of poor holiday timing and tariff uncertainty, according to Wards Auto. Citing the Society of Motor Manufacturers and Traders (SMMT), the UK built just 59,203 units in April, the lowest monthly level since 1952,…

The Independent UK

UK electric car sales jumped by over 25 per cent in May

Nearly 33,000 new EVs hit the roads, but plug-in hybrid sales grow by over 50 per cent

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Fortune

Trump tariffs help push U.K. auto sector to worst production figures in more than 70 years

The last time the U.K. produced this few cars, Queen Elizabeth had just ascended to the throne and the Morris Minor was a bestseller.

Evening Standard

UK vehicle manufacturing plummets to lowest since 1952 in April

Car and commercial vehicle production fell by 15.8% to 59,203 units in the month

Evening Standard

Choice of EVs for UK car buyers reaches record high

Industry body the Society of Motor Manufacturers and Traders (SMMT) said car buyers can choose from more than 130 battery electric new car models.

Evening Standard

Tesla global backlash 'hits UK' as sales in Elon Musk's luxury electric cars plunge 62%

Just 512 of the high-end electric vehicles were registered in April, compared to 1,352 in the same month in 2024

Evening Standard

New car market declines by 10.4%

The Society of Motor Manufacturers and Traders said 120,331 new cars were registered in the UK in April.

The Independent UK

The reasons why new car sales across UK dropped

Uptake of pure battery electric new cars however grew by 8.1 per cent in April

International Business Times

Jaguar Land Rover Halts US Shipments Amid New Tariff Pressures

Jaguar Land Rover halts US shipments in response to new 25% tariffs, as the British auto industry faces growing challenges.

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