New car sales have started a slow recovery. British new car registrations fell by 35% in June as many dealerships reopened after coronavirus lockdown measures were lifted, but the Welsh and Scottish showrooms' openings were delayed until the end of the month and this affected figures. A total 145,377 new cars were registered in June, leaving accumulated … [Read more...]
Finance News
Newslines 6 July
Wales 5-miles guidance on travel during the lockdown ends today. In a bid to help tourism, self-contained accommodation can reopen but not hotels or guest houses and only takeaways and restaurants with outside dining can operate at the moment in Wales before restricted opening of pubs and clubs is allowed. The Financial Conduct Authority in Britain is … [Read more...]
Cardiff-led consortium win £44m for CS chip cluster
A Cardiff University-led consortium has won a £43.7m bid to develop a Compound Semiconductor powerhouse in South Wales which will help future automotive, communications and transport systems among other industries. Government funding provided through UK Research and Innovation’s flagship Strength in Places Fund will build a world-leading cluster of … [Read more...]
Wales’ Ineos Grenadier 4×4 unwrapped
This is the new Ineos Grenadier. INEOS Automotive today reveals the exterior design of the Grenadier, its forthcoming, no-nonsense 4x4 vehicle for the world, as another step on the road towards start of production. Heavily influenced by the previous Land Rover Defender loved by Ineos boss Sir Jim Ratcliffe, it will be built in a new factory at … [Read more...]
Covid-19 virus impact being felt as time passes
The true impact of the Covid-19 lockdown and loss of new car production is beginning to be appreciated. UK showrooms closed for over 12 weeks but the factories making cars closed for varying periods of time and this contrasted with other parts of the world where the impact was much less. Although the global automotive industry has been hard hit due to … [Read more...]
Lenders worried over extension of deferred loans
Helping customers through this difficult period remains a priority for lenders, but with more parts of the economy reopening, lenders also have a responsibility to transition customers back to regular payments where possible, said Stephen Haddrill, Director General of the Finance & Leasing Association. Commenting on the publication of new proposals from … [Read more...]
Come aboard & join the fleet
A call has gone out to fleet managers to help influence the industry’s future by joining one of the Association of Fleet Professionals’ seven new committees. Covering Electric Vehicles, Low Carbon and Alternative Fuels; Light Commercial Vehicles; COVID-19; Government Bodies and Trade Associations; Road Use and Planning; Risk and Compliance; and Future … [Read more...]
168,000 automotive jobs under threat say SMMT
One in six jobs are at risk of redundancy without help from the government in restarting production of the automotive sectors, said the Society of Motor Manufacturers and Traders. The SMMT wants emergency funding, permanent short-time working, business rate holidays, and VAT cuts to stem the flow of job losses as showroom reopen and production lines are … [Read more...]
Newslines 23 June
To boost the re-opening of showrooms across its dealer network in England and Northern Ireland, and Scotland from the end of June, Mitsubishi Motors in the UK is now offering its customers savings of up to £4,000 until September 28, as well as the assurance of prompt delivery of their chosen vehicle either to their local dealership or to their home free of … [Read more...]
White Dove Suzuki opens in Cardiff
One of South Wales’ longest established motoring families has a new member. White Dove Motor Group, founded in 1961, has added the Suzuki franchise to its current portfolio of SEAT and Skoda brands. White Dove Suzuki has invested over £1,000,000 in their new four-acre premises at Hadfield Road - Bessemer Close, Cardiff, Leckwith, created ten jobs in their … [Read more...]
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