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The Latest Breaking News from SMMT

Should You Follow the Insider Buying in Summit Therapeutics

Shares of the biopharmaceutical company Summit Therapeutics (SMMT) gained over the past few days, driven by significant insider buying. However, as the stock is down more than 55% this year, would it be wise to invest in the stock now? Read on to find out….

StockNews.com

UK car production rises for third consecutive month

A total of 58,043 cars were built in the UK in July, 8.6% more than during the same month last year, according to industry figures.

The Independent UK

UK New Car Sales Are Down, But Electric Cars Continue To Increase

UK new car registrations fell by nine percent last month as supply issues continue to hit the industry hard, according to new figures released this week.

InsideEVs

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read the most diverse news in one place.

UK new car sales fell 9% in July as supply chain problems continue

Fifth monthly fall in row prompts industry body to cut 2022 forecast even though chip shortages expected to ease

The Guardian - UK

UK car industry’s 1m vehicles a year target slips by two years to 2025

War in Ukraine, lockdowns in China and chip shortages among factors slowing recovery in sector already hit by Covid

The Guardian - UK

Inward investment and electrification boost North East automotive sector

A number of firms in different parts of the North East automotive sector at leading the drive towards electric vehicles

Birmingham Post

UK car industry calls for government help on energy bills as Brexit costs rise

Manufacturers hit by energy cost rises of up to 50% as well as Covid lockdowns and chip shortages

The Guardian - UK

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UK new car sales slide to second worst May in 30 years

Global supply chain crisis, including computer chip shortage, and inflation hit business

The Guardian - UK

Over 750,000 Electric Cars Now On UK Roads

More than three-quarters of a million electric vehicles are now registered for use on UK roads, according to new figures published this week.

InsideEVs

Car production down amid continued shortage of semi-conductors

UK car makers continue to shift focus towards more environmentally friendly vehicles despite the tough economic climate

Wales Online

UK sales of secondhand electric cars more than double in a year

Number of transactions rose from 6,600 in the first three months of 2021 to 14,600 in the first quarter of 2022

The Guardian - UK

UK: Plug-In Car Sales Barely Increased In April 2022

According to the official data, last month's passenger plug-in electric car registrations amounted to 19,348, which is just 3% more than a year ago.

InsideEVs

Annual car sales forecast lowered by 9% amid semiconductor shortage

Preliminary figures show the number of new cars registered last month fell by 16% compared with April 2021.

The Independent UK

SMMT: UK carmakers suffer worst March since financial crisis

Shortages of vital microchips and other components hit car production, while the level of exports suffered a huge dip.

Evening Standard

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The Independent UK

Car production continues to fall, figures show

The industry is still affected by the global shortage of semiconductors and other components, says the SMMT.

Evening Standard

UK car registrations in March drop to lowest level since 1998

The UK had the weakest March for car registrations since 1998 amid supply chain constraints and soaring costs of living.

The Independent UK

Car industry suffers weakest March since 1998

Just 243,479 new cars were registered last month, the Society of Motor Manufacturers and Traders said.

The Guardian - UK

Elon Musk joining Twitter’s board; US stops Russian dollar debt payments; inflation worries rise – as it happened

Rolling coverage of the latest economic and financial news

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The Guardian - UK

Inflation pressures hit consumer confidence; Moscow stock market falls back – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Drivers must have ‘right to charge’ in switch to EVs, says car industry body

Manufacturers will be banned from selling new traditionally-fuelled cars and vans in the UK from 2030.

InsideEVs

UK: Car Industry Calls For "Binding Targets" In Charge Point Rollout

A leading UK automotive industry body has called for “binding targets” for the rollout of electric car charging infrastructure.

Evening Standard

Pod Point boss rejects SMMT call for electric vehicle charging watchdog

Erik Fairbairn says it is up to the private sector to make sure charging infrastructure keeps pace with EV sales

Birmingham Post

Government urged to improve EV infrastructure as growing North-South divide is revealed

Calls are backed by Vertu Motors' CEO Robert Forrester who said Government expectations of private sector is too high

The Independent UK

Government urged to create electric car charge watchdog

The industry has called for the creation of a new regulatory body called the Office of Charging.

The Guardian - UK

Electric car charging points ‘spread too unequally across UK’

SMMT says number of chargers has not grown fast enough to keep up with growth of EVs

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