PSA Group, the French carmaker which owns the Peugeot, Citroen, Vauxhall, and Opel brands, plans to cut 400 jobs at a UK plant in Ellesmere Port to adapt production to falling sales.

China’s Great Wall Motors has confirmed its interest in bidding for all or part of Jeep maker Fiat-Chrysler Automobiles.

William Clay Ford Jr will replace Jacques Nasser as chief executive officer of the Ford Motor Company, it was reported.