Wales has lost another massive automotive investment. The £2.6 Billion Britishvolt gigaplant which held the promise of 5,000 construction jobs and 3,000 permanent posts will not now be built at St Athan and the company says it will go to a 230 acres site in Blythe, Northumberland. The decision follows a few months of talks with Welsh Government during … [Read more...]
Finance News
Big jobs drive beginning among dealers
Car dealerships are planning a recruitment drive for staff over coming months. They will be looking for technicians, sales people and service assistants for the most part, but also considering what they need in other business areas. National Franchised Dealers Association has lobbied the Government throughout the year to extend the time period in which … [Read more...]
Motorbikes rebalancing after virus-hit
November’s motorcycle sales figures confirmed a fantastic year on year performance, during a challenging trading period, with dealers embracing the use of click and collect to meet consumer demand through the second lockdown, said Paddy O’Connell, Head of the National Motorcycle Dealers Association. Commenting on the latest MCIA motorcycle sales figures, he … [Read more...]
Tradelines 9 December
Aston Martin is seeing “phenomenal” demand, with a rebound in China, said the company’s executive chairman and billionaire investor Lawrence Stroll. “Demand right now is phenomenal,” he told the Financial Times’ The Future of the Car digital conference, adding “China really returned first and strongest, and is gangbusters.” GKN Automotive is strengthening … [Read more...]
Cardiff drivers benefit most from lockdowns
Cardiff drivers have come out top of the UK workers who have saved £600 Million during the lockdown collectively by not having to commute to work and driving less overall. This is based on 46.6% of the UK workforce spending time working from home over lockdown, and the average fuel saving during the lockdown period being £76 a month. Cardiff commuters … [Read more...]
UK car sales plunge nearly 30% in November
New car registrations slumped by 27.4% in November in Britain, according to the Society of Motor Manufactuers and Traders, as English showrooms were closed in the latest lockdown. Click and collect helped sals achieve 113,781 and “With a vaccine now approved, the business and consumer confidence on which this sector depends can only improve, giving the … [Read more...]
Welsh Government £30M boost for EV network
The move to electric transport will be boosted by a £30M five-year investment announced yesterday by the Welsh Government. It is putting up the money to encourage private investors and network providers to install more public charging points to meet concerns motorists expressed so far in a public consultation which ends in February 2021, An assessment of … [Read more...]
Newslines 4 December
Travel between Wales and T1 or T2 areas in England is permitted from 6pm tonight. But the Welsh Government ban remains for T3 areas, which include Bristol and Birmingham, while London and Liverpool are in the lower tiers. The Cupra Formentor range of engines is expanding this month. The entry-level 150ps comes in at £27,395 from the New Year , the PHEV … [Read more...]
Roads and signs need recycling to pay for green drive
Road surfaces will have to be recycled along with old signs as part of the Government drive towards a greener future, says one engineering company. Rishi Sunak set out his first Spending Review against the backdrop of an economy ravaged by the effects of Covid-19. The Chancellor announced measures to support Boris Johnson’s “levelling-up” agenda with the … [Read more...]
Three ways to Invest for a New Car Purchase
A couple years ago, it wasn’t uncommon to speculate about an era without personal vehicles. Ride-sharing businesses were soaring, eco-friendly public transportation initiatives were being discussed in more major cities around the world, and it was becoming almost trendy to muse about giving up your car and the expenses that come with it. A future like that … [Read more...]
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