Britain’s auto industry, which lost its last major homegrown manufacturer in 2005, is back among Europe’s top producers following an Asia-inspired revival led by Japan’s Nissan Motor Co. and Tata Motors Ltd. of India.
Britain’s iconic MG sports-car brand began producing its first new model in the U.K. in 16 years today using bodyshells, engines and powertrains shipped from China by Shanghai-based parent SAIC Motor Corp.
Tata Motors Ltd., owner of the Jaguar and Land Rover brands, is being forced to search for a new chief executive officer as it struggles to revive sales of luxury cars amid a worsening debt crisis in Europe.
Aston Martin, the maker of sports cars favored by Prince Charles and driven by James Bond, is departing from tradition with a city car based on Toyota Motor Corp.'s iQ subcompact to broaden its appeal and boost revenue.
Land Rover , the luxury SUV brand whose customers include Tom Cruise and Queen Elizabeth II , needs to develop greener versions of all its models to sustain sales, the head of Indian owner Tata Motors Ltd. said.