European Commission's pledges come as "it is very clear now that it is time for action on a number of priorities"
Just 78,012 vehicles rolled off UK lines in January
Drop in exports exacerbates already tough situation for UK manufacturers
Launch of MC20 Folgore and future EVs in doubt after Italian firm suffers sales slump in 2024
Redundancies – 5% of the workforce – will save the loss-making luxury car maker around £25 million a year
Chairman John Elkann said it was “a year of stark contrasts" with "results falling short of our potential”
Lutz Meschke (left) and Detlev von Platen
Chief financial officer Lutz Meschke and sales and marketing boss Detlev von Platen have left the company
Volklec's cylindrical cells will be built under license from Chinese firm Far East Battery
Coventry-based Volklec aims to supply cells for the “underserved” market with help from China
The world's biggest car market has long been a reliable cash machine for many European firms. Now it isn’t
Electric Cooper and Aceman models, currently built in China, were due to start rolling out of UK plant next year
A fall in sales of 'top-end' models such as Maybachs was a big contributor to Mercedes' woes
Profit generated by Mercedes-Benz Cars fell by 39.1% last year and it expects 2025 to be harder
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