A ground-breaking hydrogen car being built in Wales has been given a £1.5 Million investment boost. The Riversimple Rasa two-seater project has secured funding from the Development Bank of Wales having previously confirmed its support for the Llandrindod Wells car maker. That follows help from international electronics business Siemens and a £580,000 … [Read more...]
Finance News
Tradelines 28 July
North Wales Motor Company, Llandudno has added Kia to its Honda new car franchises. It also services and sells used Lotus Cars and will run the Korean car operation from a former Peugeot site on Argyll Road, Llandudno. Gravells, of West Wales, has expanded into England. The booming Kia business is the sixth outlet by the family and will operate out of … [Read more...]
EV ownership costs undercutting petrol models
The cost of running an electric car for a year is 47% cheaper than the cost of running a petrol car, according to comparethemarket.com. The figures show the average cost to run an electric vehicle for 12 months is £1,091 compared with £2,062 for a petrol vehicle – a difference of £971. The research analyses the cost of insurance, fuel, and road taxes. For … [Read more...]
Cardiff to get “born-again” electric taxis
Cardiff will be one of the first UK cities to get the latest type of electric taxi from converted petrol or diesel cars. All-electric taxi and van conversions, Dynamo Motor Company has announced its next expansion phase, where it plans to recruit an extra 275 people in the UK and convert up to 10,000 taxis and commercial/privately owned vehicles per year in … [Read more...]
Vauxhall’s electrifying plans for newcomers
Vauxhall’s electric drive is accelerating. British brand will focus entirely on full battery electric vehicles from 2028, it has revealed just days after announcing a £100Million investment in electric vans and people movers at Ellesmere Port from next year. Paul Willcox, Managing Director, Vauxhall Motors, said, “As of 2028, Vauxhall will only … [Read more...]
Vauxhall cut price with new Grandland PHEV
Vauxhall has dramatically slashed prices with the introduction of the New Vauxhall Grandland. With new technologies, lower pricing, petrol, diesel and plug-in hybrid powertrains, New Grandland comes in SE, SRi, Elite and Ultimate trims. The New Grandland is the latest model to feature Vauxhall’s new and bold design language with its distinctive Vizor … [Read more...]
£100M electric models going to Ellesmere Port
A £100M investment is going into Ellesmere Port, Cheshire vehicle plant of Vauxhall parent Stellantis to build pure electric vans and people carriers in 2022. It lost the next Astra car project but has secured the new investment to build models for Stellantis brands of Vauxhall, Opel, Peugeot and Citroen and will be exporting most of the production to … [Read more...]
RAC offer new all-in EV leasing scheme
The RAC has launched a new leasing service to make switching to a brand-new EV easier and more affordable – with market-leading deals available from day one. More than three-quarters (78%) of drivers believe pure electric cars are still too expensive, so the motoring body has joined forces with Hitachi Capital Vehicle Solutions to offer a wide range of the … [Read more...]
Tesla top UK registrations as recovery continues
New car sales are recovering but more slowly than expected by car makers. The global shortage of micro-chips is affecting outputs from plants, said the Society of Motor Manufacturers and Traders. June’s UK registrations of 186,128 new cars is 16.4% below the last decade’s average for the month and the second quarter’s total is still 9,000 units short of … [Read more...]
£1 Billion Nissan investment boosts EVs
Thousands of jobs will be created or secured in Britain after Nissan announced this morning that it’s building its next electric car in Sunderland. About 900 new jobs will be added to the plant which currently builds the Leaf EV and a further 750 places will be created when Nissan Chinese partner Envision AESC constructs a new traction battery plant … [Read more...]
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