VW investment, creating 4,500 jobs in Georgia, comes amid Trump’s damaging tariffs, intense Chinese competition and costly shift towards EVs

Audi has said it will spend $4bn (£3bn) to build its first factory in the US, as its parent company, Volkswagen, struggles with the impact of steep tariffs imposed by Donald Trump.

The German brand’s chief executive, Gernot Döllner, joined Trump on stage at a campaign rally on Saturday night to announce the factory in Macon, Georgia, in an unusual move by a big European brand just days before the US midterm elections.

PM’s plea supported by Angela Rayner, Ed Miliband and business leaders, while some ‘red wall’ MPs voice concern

Andy Burnham’s call for the UK to consider a return to free movement with Europe has been backed by senior cabinet ministers but risked a rift with “red wall” Labour MPs, who say it could jeopardise Brexit-voting seats.

The prime minister made his plea for an “honest discussion” about freedom of movement in an interview with the Sunday Times, making clear that staying out of it would no longer be a red line in talks with the EU.

Defence secretary says Britain must manufacture at scale as Germany’s Rheinmetall opens Midlands factory

For the last 20 years, Britain was unable to put a barrel on its tanks without buying from abroad. Relying on foreign allies seemed like a reasonable choice during years of relative security (for wealthy countries at least) after the end of the cold war.

But Russia’s full-scale invasion of Ukraine in 2022 has changed the calculation – and prompted a scramble to rearm among European countries, including the UK.

Premium paid over French counterparts has risen to almost £30 a megawatt hour, analysis by lobby group finds

British steelmakers have been pushed further behind European rivals on electricity costs after the US-Israeli war on Iran caused a surge in global gas prices.

The premium paid by the British industry over its French counterpart has risen to almost £30 a megawatt hour (MWh), its highest level in three years, according to analysis by the lobby group UK Steel.