TVR has moved closer to building its new Griffith supercar after a planning application to refurbish the existing factory site has been submitted. According to Business News Wales, an application was submitted to Blaenau Gwent County Borough Council for a former board factory on the Rassau Industrial Estate, Ebbw Vale. A Welsh building firm has been … [Read more...]
Finance News
Warning over collapsing dealer networks
Localised franchise dealer networks are “likely to remain important to fleets” says fleet software specialist FleetCheck following news that more are to close. Peter Golding, managing director at FleetCheck, said that a long-term situation was being created where many businesses were having to travel further for routine servicing, maintenance and … [Read more...]
Row erupts over Welsh road and parking charges
Welsh Conservatives have angrily reacted to plans for Motorists in Wales paying road tolls, congestion charges, workplace and out of town parking charges under a review ordered by Minister of Economy and Transport Ken Skates. He has appointed Derek Turner, who worked on the London congestion charge scheme, to study the implications for users and businesses … [Read more...]
Call on Chancellor to push green drive
With the ban on new diesel and petrol cars brought forward to 2035, wednesday’s Budget is the time for the Government to put its money where its mouth is. There’s no doubt that alternative fuel vehicles are the future, but the motor industry needs support if it’s to hit the goal, said Seán Kemple, Director of Sales at Close Brothers Motor Finance. “For … [Read more...]
Welsh drivers want a ‘goer’ before a green car
Welsh drivers buck the trend and value a reliable car above an environmentally “green” car, according to a poll for AA Financial Services. Nationally, drivers are more concerned about green credentials (24%), than cost-efficiency (18%) when buying a new car, according to new research from AA Financial Services, but they view it very differently in … [Read more...]
Wales bucks UK trend and buys more cars
New car buyers in Wales have bucked the national trend and registered more models than 12 months ago. Registrations in Wales went up 8.93% in February to 2,610 new cars – 2,396 same time last year – as part of the 79,234 UK total, which was down 2.96% overall. Scotland suffered the steepest droop of 14.75%, Northern Ireland dipped 8.46% and England slipped … [Read more...]
Dealers more confident than before Brexit
Research from Close Brothers Motor Finance reveals that nearly all UK car dealers (98%) are confident about the business outlook for their dealership, whilst almost two thirds (63%) are ‘very confident’. Despite a difficult 2019 for the motor industry, the findings paint a picture of business optimism. In the aftermath of Britain’s exit from the EU, a third … [Read more...]
2020 deserves to be balanced for business
With 2019 a fast receding memory, the automotive industry is looking forward to a more balanced year, said Rupert Pontin, Director of Insight with Cazana business intelligence. Despite a decline in new car registrations, many consider the 2.4% drop to have been a fairly good result given the backdrop of political, social and economic factors that challenged … [Read more...]
Road Safety Designs moves up a gear
Wales-based road safety innovation company, Road Safety Designs, has appointed experienced business leader and investor, Simon Bailey, as a Management Consultant. The former Director of Motorcare Motor Factors will be joining the firm, chaired by Sir Stanley Thomas OBE, the Welsh businessman and property developer best known for founding Peter’s Food … [Read more...]
Opposition AMs call for Welsh Government investment probe
Welsh Government’s investment strategy has come into question after Aston Martin Lagonda revealed widening losses and slipping sales. The luxury carmaker was enticed to St Athan in the Vale of Glamorgan by the Labour Welsh Government with nearly £20m worth of taxpayer grants in the hope of boosting the South Wales economy. However, today’s financial … [Read more...]
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