The Welsh business which pioneered electronic breathalysers has secured a new contract with the Finnish Government. Lion Laboratories of Barry created the world’s first electronic machine to test suspected drink drivers in 1967 and has since produced hundreds of thousands which are used worldwide. Yesterday, Wales Economy Minister Vaughan Gething visited … [Read more...]
Finance News
Newslines 26 May
The Volkswagen Group will pay out £193 million to more than 90,000 UK motorists after reaching an out-of-court settlement in a seven-year litigation process relating to Dieselgate. With each claimant receiving about £2,000 it marks the end of a campaign which has cost the manufacturer about £26 Billion since it fitted suspect devices to diesel models which … [Read more...]
Over 4 million EVs in Europe in four years
There will be 4.4 million EVs sold by 2026 in the Europe. The European Union is the leading EV market globally and according to a StockApps.com analysis, the EU will have sold 4.4 million EV units by 2026 with a growing consciousness about the environment will propel that growth. StockApps.com’s Edith Reads has been considering the data and said, “The … [Read more...]
Tradelines 25 May
Just one in four fleets (26%) say that they have been affected by the global semiconductor shortage that has caused a marked reduction in worldwide vehicle production. Findings from the Arval Mobility Observatory’s 2022 Barometer show that 16% report having been impacted when acquiring petrol, diesel and electric vehicles (EVs); 5% on EVs only; and 5% on … [Read more...]
Wales “hot-vans” business booming & jobs coming
Wales' leading commercial vehicle converter MS-RT will create more than 170 new jobs when it expands operations and launches a new manufacturing facility with turnover expected to more than triple to £66 million by 2025. Based at Mamhilad Park Estate near Pontypool, MS-RT is a design-led automotive engineering company creating bespoke Ford vehicles, … [Read more...]
Newslines 20 May
KIA will construct a new low-carbon-production electric vehicle manufacturing plant in Korea next year with first models rolling out two years later. The E-Forest manufacturing system is part of the Plan S sustainability scheme for purpose built electric vehicles to be given Kia, Hyundai and Genesis badges from the second half of this decade. Jersey … [Read more...]
Soaring bills to fuel SUVs
With over four million SUVs registered in the UK, hundreds of thousands of owners face paying more than £150 to fill up an empty tank as the average fuel soared this week. Car leasing comparison website LeaseLoco has uncapped the fuel tank capacities of some of the UK’s most popular large and mid-size SUVs and come up with some numbing numbers. Two of the … [Read more...]
Newslines 19 May
It now costs a few pennies short of £100 to fill a typical diesel car after the latest price hikes by fuel stations, says the RAC. The motoring body said petrol models were just behind at £92.20p for a 55 litres fill and they have never been so high. Ford of Europe together with 27 companies have joined an appeal to the European Union (EU) to ensure all … [Read more...]
Rentals revving up business with consumers
Some daily rental companies are beginning to turn down fleet business in favour of higher margin consumer bookings, the Association of Fleet Professional is reporting. James Pestell, AFP Director, said that businesses were finding no vehicles were available using corporate rental online portals but then discovering that if they visited a rental outlet in … [Read more...]
Small fleets foresee growth to 2025
More than a quarter of fleets (a net 27%) expect to see growth in the number of vehicles they operate during the next three years, according to the 2022 Arval Mobility Observatory Barometer. The overwhelming reason cited by decision makers surveyed is that their company is expanding (mentioned by 81%), but human resource-related needs (21%) and plans to … [Read more...]
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