Media reports say Toyota will relocate part of its GR Corolla sports car production to Britain, with plans to invest approximately £41m in a dedicated production line in its Burnaston, Derby plant, but its not yet been oonfirmed by the Japanese car maker. This strategic shift aims to utilise excess capacity in Britain to reduce delivery wait times for the … [Read more...]
Finance News
Poor planning and investment blamed for old Severn Bridge issues today
The recent announcement of weight restrictions on the 59-year-old M48 Severn Bridge highlights a continuing challenge for traffic throughout South Wales that could have been mitigated with better planning and investment. The Welsh Conservatives are deeply concerned about the potential economic and logistical consequences for businesses, commuters, and local … [Read more...]
Price war looming, says FleetCheck
A round of dramatic price cuts by Chinese manufacturers in their domestic market last weekend has raised the possibility of a similar strategy being adopted in the UK, says FleetCheck. The Financial Times is reporting that BYD has “fired a new salvo in a prolonged price war” by reducing prices of 20 different models by up to 34% with other manufacturers … [Read more...]
Welsh dealers among first to sell Kia electric van
Over 60 dealers will be selling the new Kia electric van later this year. Gravells Kidwelly and Wessex Cardiff franchises are among the first in the network. The PV5 went on sale in the UK on 1 May after a UK unveil at the CV Show where Kia announced early UK pricing and specifications. The Kia PV5 is available in a variety of standard formats: Cargo; … [Read more...]
First drive: Genesis GV70 EV-olution
Some 21-years after Genesis was created as the first premium brand by a South Korean car maker, the company is forging ahead with evolving its models, range and sales operations. Being part of the Hyundai Group alongside its bigger-brother Kia, Genesis has enormous rescources to utilise design, engineering, production, marketing and finance. Although … [Read more...]
BYD pass Tesla in Europe
China's BYD models have overtaken Tesla in Europe for the first time. Latest registration figures show BYD registered 7,231 BEVs in April, ahead of Tesla's 7,165 units. Europe and the UK has become increasingly concerned about the rapid surge by BYD which are making models with good specifications and undercutting the legend car brands which … [Read more...]
Network North Wales Metro plan unveiled
An ambitious vision to deliver an integrated, high-frequency public transport network for North Wales, with frequent metro services at its heart, has been unveiled. Network North Wales is a bold passenger-focussed programme of work to better connect communities, with more rail and bus services and greater integration. It aims to maximise opportunity and … [Read more...]
Your job can drive up your insurance premium
From the make and model of your vehicle to where it’s parked at night, many factors affect the price of your car insurance, but careers could be creating higher costs on insurance premiums. New analysis from automotive experts at Vertu Motors has uncovered which professions are being hit hardest by insurance premiums. Using government data, Vertu found … [Read more...]
Car makers urge Gov. to cut car supplement tax
Government can boost electric vehicle demand if it amends its changes to the expensive car supplement an industry leader has said. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said that the expensive car supplement – which adds an additional tax for the first five years following the first tax payment made when a car … [Read more...]
Rogue Welsh car dealer jailed
A rogue car dealer has been jailed for four years after he made a staggering £300,000 selling cars that had previously been written off. Zana Ahmed Muhammed ran an illegal operation selling insurance write offs out of a base at The Old Ambulance Station, Flint. The 42-year-old used Facebook Marketplace and eBay to advertise the illicit motors and but … [Read more...]
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