REE Automotive opens new engineering centre in Warwickshire thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
The Israeli company said it would invest about £66million and create around 200 jobs advancing its electric vehicle platform technology over the next few years at its facility.
Car sales sink 40 per cent as 2021 gets off to worst start since 1970
Just 90,000 new cars were sold in January, the worst start to a year since 1970 for the UK auto industry.
According to new figures from the Society for Motor Manufacturers and Traders (SMMT), registrations dropped 39.5 per cent last month, with 90,249 cars sold in total.
That’s nearly 60,000 fewer registrations than in January 2020.
The SMMT said that the slump was due to continued lockdown restrictions, which mean that car showrooms are currently closed.
With restrictions expected to continue until March – a key month for car sales, comprising nearly a fifth of total yearly volumes – the body warned that it would be challenging year for the industry.
BBC News
By Simon Jack
image copyrightGetty Images
image captionNissan s car plant in Sunderland is the UK s biggest and employs 6,000 people directly
Japanese car maker Nissan has told the BBC its Sunderland plant is secure for the long term as a result of the trade deal reached between the UK and the EU.
It said it will move additional battery production close to the plant where it has 6,000 direct employees and supports nearly 70,000 jobs in the supply chain.
Currently, the batteries in its Leaf electric cars are imported from Japan.
Nissan would not confirm if this would mean additional jobs at Sunderland, which is the UK s largest car plant.
Net Zero Nature brings together global experts, business leaders, NGO’s and innovators to explore why protecting and restoring nature is fundamental to global economic prosperity, investigate the transformative changes businesses must make now to avoid extinction, and consider best practices and latest developments.
Register now to secure your place for a unique day of learning, leadership and practical insight.
Date: 27 May 2021