Category Archives: Manufacturing sector

Airbus to test folding wings for next generation of bestselling planes

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Such technology solves problem of longer, thinner, energy-saving wings not fitting in airports around the world

Airbus has said it will test folding wings for the next generation of its bestselling planes, as the world’s largest planemaker races to work out the shape of future commercial aircraft by the end of the decade.

Longer, thinner wings made of light but strong composite materials offer the promise of energy savings but present a problem for manufacturers because they will not fit in airports around the world, many of which are already at or near full capacity.

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China ‘strongly dissatisfied’ with nationalisation of British Steel

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Move dealt ‘severe blow to Chinese companies’ confidence in investing in the UK’, says Ministry of Commerce

China’s government has said it is “strongly dissatisfied” with the decision to nationalise British Steel this week, 15 months after the UK government stepped in to prevent the closure of its steelworks in Scunthorpe and the loss of 4,000 jobs.

On Thursday, British Steel was brought under public ownership to protect “the future of steel production”, the government announced.

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High court rejects most of ‘dieselgate’ claims brought by 1.6m UK car owners

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Carmakers welcome ruling against suit claiming manufacturers including Nissan, Ford and Peugeot fitted devices to defeat emission tests

Car manufacturers have welcomed a high court verdict that rejected most of the allegations in a “dieselgate” claim brought on behalf of 1.6 million UK owners of polluting cars.

In her judgment, Lady Justice Cockerill said that “in the majority of instances, the court found that the relevant strategy did not constitute a prohibited defeat device” – software that enables the engine to behave differently in tests.

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Shares in chipmakers underpinning AI boom rocket in first half of 2026

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Value of some chip manufacturers have tripled, or more, driving Asia Pacific stock markets sharply higher

Shares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis.

Investors have driven up the value of semiconductor and memory chip manufacturers, whose profits have soared during 2026, at the expense of some large software companies, which have fallen out of favour this year.

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‘Fork in the road’: CEO of Amazon-backed Rivian on why carmakers need to invest in EVs

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RJ Scaringe says firms focused on selling fossil fuel engines risk being ‘woefully behind’ on technology by end of decade

Carmakers that focus on selling fossil fuel engines are at risk of being “woefully behind” on technology by the end of the decade, according to the boss of Rivian, an Amazon-backed US electric carmaker.

RJ Scaringe, Rivian’s founder and chief executive, said the car industry has reached a “fork in the road” in the choice between short-term profits and the heavy investments, particularly in software, that will be required to survive.

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Britain ‘faces deindustrialisation’ without relief from high energy prices, survey warns

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Make UK says manufacturers’ feedback shows sector at risk of collapse as it calls on Treasury to take action

Britain’s industrial sector is at risk of collapse as thousands of companies warn that they could face bankruptcy within the next year because of high energy prices, according to an industry survey.

The manufacturers’ body Make UK said the latest feedback from its members found that many would not be able to cope for much longer with energy costs that were twice the average in continental Europe and four times higher than in the US.

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UK poised to water down 2030 EV sales targets after industry and union pressure

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Keir Starmer ready to overrule Ed Miliband after warnings that manufacturers would be penalised and jobs put at risk

The UK government is poised to water down its 2030 targets for electric vehicle sales after intense lobbying by the car industry and unions.

The government is preparing to consult on less ambitious targets for the transition to fully battery-powered electric cars over the rest of the decade after carmakers and unions warned that they would penalise manufacturers and put jobs at risk.

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Unions attack ‘year-long delay’ for Tata Steel furnace’s grid connection in south Wales

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Government urged to help speed up vital industrial project amid growing alarm over National Grid delays

Trade unions have called for the government to intervene to speed up Tata Steel’s connection to the electricity grid in south Wales, after the company said its new furnace would be delayed by up to a year.

Tata Steel last month told investors that National Grid had said it would face a six- to eight-month delay. That could stretch to 12 months amid unexpected engineering difficulties.

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UK consumers likely to face higher prices ‘for many months to come’

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Data shows even if Iran war ends, shop price inflation on rise, while only 16% of firms left unscathed by conflict

Higher prices could persist over the summer even if ceasefire talks between the US and Iran bear fruit, consumers have been warned, with economic shock waves likely to be felt “for many months to come”.

Disruption to global shipping, coupled with soaring prices for energy and raw materials, have driven up costs for UK companies, with the impact already filtering through to prices paid at the tills, according to fresh inflation figures.

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JLR and General Motors eye £900m contract to build new range of military trucks

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Carmakers aim to expand into UK defence sector, exploiting spending boom by Nato countries

Jaguar Land Rover and General Motors are considering an expansion into UK defence via a £900m military contract, as carmakers seek to exploit a spending boom by Nato countries racing to rearm.

The manufacturers are among a group of automotive firms vying to make thousands of 4x4s for the armed forces to replace an ageing fleet of Land Rovers that have been out of production since 2016.

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Iran war costs Toyota £3bn as prices of materials soar and sales fall

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Carmaker gives one of biggest warnings yet of conflict’s impact on businesses while Trump tariffs also take toll

Toyota has reported a £3bn hit from costs from the war in Iran, as prices of parts and materials soared and sales dropped.

The world’s biggest carmaker said profits declined in its financial year to March as it was “likely unable to absorb newly added impact from the Middle East”, in one of the largest warnings yet of the war’s impact on businesses.

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Jaguar Land Rover could have shifted production from UK without £380m battery subsidy, officials warned

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Government officials said in December that Britain’s largest automotive employer could lead exodus from UK

Jaguar Land Rover would have considered moving car production out of the UK and slashing jobs if not for a £380m subsidy for its sister battery company, government officials claimed privately.

Officials at the Department for Business and Trade (DBT) warned in December that Britain’s largest automotive employer may have triggered an exodus from the UK car industry, according to state aid documents prepared by the competition regulator.

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‘Look, no hands’: China chases the driverless dream at Beijing car show

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As domestic sales slow manufacturers are investing in AI and seeking growth in technology and in overseas markets

At the world’s biggest car fair, which opened in Beijing on Friday, there were hundreds of manufacturers, more than 1,000 vehicles, hundreds of thousands of enthusiasts – and hardly anyone behind a wheel.

China’s car companies have cornered the domestic electric vehicle market, and are increasingly visible on the global stage. Now they are turning their attention to what they are betting is the future of mobility: autonomous driving.

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GSK reports promising early results in ovarian and womb cancer drug trial

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Mo-Rez reduced or eliminated tumours in over 60% of patients and is expected to be a blockbuster drug

GSK has revealed positive results for a treatment for gynaecological cancers as its chief executive, Luke Miels, seeks to speed up drug development at the group.

The company said that in an early-stage trial Mocertatug Rezetecan, known as Mo-Rez, shrank or eliminated tumours in 62% of patients with ovarian cancer where chemotherapy had failed, and in 67% of those with endometrial cancer.

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Iran war threatens to delay large offshore wind projects in EU and UK

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Industry fears strait of Hormuz closure could disrupt shipping of crucial parts for UK and German North Sea projects

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A string of large offshore wind projects in Europe are facing potential delays as the Iran war threatens to disrupt shipping of crucial parts manufactured in the Gulf.

Industry sources are concerned that components ordered from suppliers in the United Arab Emirates could become trapped if shipping remains effectively blocked through the strait of Hormuz.

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Irish metals refinery is in supply chain that feeds Russian war machine, records suggest

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Shipments to Russian smelters from Aughinish Alumina have increased sharply since the invasion of Ukraine

A leading Irish metals refinery is part of an international aluminium supply chain that appears to conclude with shipments to arms producers feeding the Kremlin’s war machine in Ukraine, leaked records and public data suggests.

Trading records show that shipments to Russian smelters from Aughinish Alumina, which is located on the Shannon estuary in the west of Ireland and has been owned by the Russian aluminium group Rusal since 2006, have increased sharply since the invasion of Ukraine in 2022.

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Bentley to cut hundreds of UK jobs amid ‘challenging global market environment’

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Carmaker reduces office-based roles and will not fill vacancies ‘to ensure long-term competitiveness of business’

Bentley is to cut 275 jobs in the UK as the carmaker faces a “challenging global market environment”.

The luxury brand, owned by Germany’s Volkswagen, is preparing to launch its first all-electric model but acknowledged it had some work to do to persuade consumers to switch away from internal combustion engine vehicles.

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European Commission proposes ‘Buy EU’ plan to compete against China

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Plan, which aims to preserve jobs in clean tech and low carbon sectors, could include UK if there is reciprocal market access

The European Commission has proposed a “Buy EU” plan to boost domestic low-carbon industries and help the continent compete against China.

The commission published a draft regulation – called the Industrial Accelerator Act – on Wednesday, setting demands for EU-made and low-carbon content on bodies spending public money. The rules mark a major shift in economic thinking from Brussels, long a bastion of open markets.

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Rolls-Royce boss ‘open’ to Germany joining UK’s fighter jet project

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Tufan Erginbilgiç says decision is for the government but German participation remains a possibility

The boss of Rolls-Royce has said he would welcome Germany helping to build Britain’s next-generation fighter jet, arguing it would bring in more business for the project.

The aircraft, designed to replace the Eurofighter Typhoon, is a joint effort between the UK, Italy and Japan. Rolls-Royce is building the engine for the jet, which has attracted fresh attention as plans for a rival Franco-German warplane edge towards collapse.

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Aston Martin issues another profit warning and sells F1 naming rights for £50m

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Struggling British carmaker says earnings for 2025 will be worse than City forecasts as US tariffs hit sales

Aston Martin has warned that its losses will be worse than expected and sold its permanent naming rights to its Formula One team, as the struggling British carmaker battles to stabilise its finances.

The luxury carmaker, majority-owned by the Canadian billionaire Lawrence Stroll, said its earnings for 2025 would be worse than City forecasts, its fifth profit warning since September 2024.

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