Finance News

Newslines 24 July

24 July 2020

New rules in Wales making it compulsory to wear a face covering on public transport, including taxis, will also come into effect on Monday 27 July. Tourist accommodation with shared facilities, such as camping sites and all hotels will be able to re-open from tomorrow as will underground attractions, marking the full re-opening of Wales’ visitor … [Read more...]

Ford secure loan guarantees for Dagenham engine plant

23 July 2020

As Ford prepare to close their Bridgend Engine Plant this year with the loss of about 1,200 jobs, the company has secured a UK Government underwritten £500M loan to support its Dagenham engine plant. The guarantee covers 80 percent of a £625M loan from commercial banks to support the automaker’s substantial exports of engines and transmissions from … [Read more...]

Bring It On 4 Ben goes virtually racing

23 July 2020

Automotive industry charity, Ben, is launching its first ever series of virtual challenges, as part of Bring It On 4 Ben. The first of the charity’s virtual challenges to run this year, Formula Ben Silverstone VGP, starts on 2nd August and is inspired by the Formula 1 British Grand Prix at Silverstone. After the last few months of uncertainty, the Formula … [Read more...]

Bill for aborted M4 Relief Road soars to £157M

22 July 2020

The bill for scrapping the M4 Relief Road has soared to £157Million. The updated cost now includes 29 houses bought under compulsory purchase orders – including two valued at about £1Million just months before the scheme was axed – because they were on the line of the aborted project. A Freedom of Information request by the Welsh Conservatives on the now … [Read more...]

Tradelines 22 July

22 July 2020

Two years since its market introduction, the Lamborghini Urus Super SUV, has reached the important milestone of the 10,000th car. The model with chassis number 10,000 is destined for Russia and is a landmark for the company which has seen its fortunes turn around as a result. Car insurance premiums decreased by £6 during June and now stand at an … [Read more...]

Flat-pack EV platform builds on success

21 July 2020

Israel-based REE Automotive (REE), the electric platform leader reinventing e-Mobility, has won the 2020 BloombergNEF (BNEF) Pioneer award. REE has been named as one of ten game-changing companies by Bloomberg - the global business and financial information news leader - for its breakthrough EV platform, which is completely flat, scalable and modular and … [Read more...]

Roads, pollution and fuels focus fleet minds, says Arval Mobility report

20 July 2020

Road infrastructure, Clean Air Zones and the adoption of alternative fuels top the list of challenges reported by fleet and mobility managers over the next five years. The finding comes from authoritative new research in the Arval Mobility Observatory, which gains insight from businesses via a wide ranging set of questions to uncover broader trends and … [Read more...]

Over 13M vehicles recalled this year so far

17 July 2020

Over 13 million vehicles have been recalled around the world to so far this year, writes David Miles. Data acquired by Finbold.com indicates that approximately 13,362,759 million vehicle units have been recalled globally by different manufacturers between January 1st and July 13, 2020. The recalls are mainly due to safety concerns. Toyota is the world’s … [Read more...]

New-look trouble-free car subscription service

15 July 2020

The UK’s newest and most flexible car subscription service offers a trouble-free all-inclusive deal for both private drivers and businesses who want the convenience and reliability of a quality new car while avoiding locking themselves into a long-term financial contract. Caasta.com, backed by Green Bison Group, aims to disrupt the new car market and help … [Read more...]

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