An attempt to bring TVR sports cars to Wales ended in failure and a bill of £14M, according to official documents released today. Legendary two-seater high performance TVRs were to be built at Rassau Industrial Estate after the manufacturer was bought by a business from the previous owners who saw it collapse in its native Blackpool plant. Originally, the … [Read more...]
Finance News
Welsh dealer Gravells profits soar across seven sites
Welsh car dealer group Gravells has seen profits almost double in 12 months. The seven-site Kia, Dacia and Renault dealership group has clocked up pre-tax profits of nearly £5m after a stellar 2023 on a turnover of £130.5m last year, it reported to Companies House. Gravell’s has Kia dealerships in Kidwelly, Narberth, Bridgend, Abergavenny, Swansea and … [Read more...]
Insurance probe launches into companies
Insurance is meant to provide peace of mind and vital support for people during what can be some of the worst times of their lives. But consumer champions Which? found that far too often insurers are piling misery onto their own customers. Our latest research revealed that nearly two thirds of people with valid complaints last year suffered distress and … [Read more...]
Get more for less when buying a car
When it comes to purchasing a car, getting the best deal doesn't always mean buying at the lowest price. Beyond the sticker price, you need to consider the overall value of the vehicle, the timing of your purchase, and your negotiation strategy. The motor insurance experts at InsureDaily.co.uk have offered some insider tips to guide your next car … [Read more...]
Newslines 15 July
Former F1 boss Bernie Ecclestone hid £1.35m in trusts from HMRC in the year beginning April 6, 2015 and was handed a penalty of the same amount. The details are revealed in the latest list of deliberate tax defaulters published by HMRC. Rail, bus and road services will be disrupted in Cardiff on Wednesday when some city centre access will be restricted for … [Read more...]
EV holiday drivers face up to 120 hrs to charge cars
With the six-week holidays around the corner, Cornwall, Devon and North Wales have emerged as the best UK staycation destinations to visit in an electric vehicle. New research by ATS Euromaster has shown these hotspots ranking top in a nationwide study into the number of summer holiday visitors versus EV chargers in some of the UK’s leading staycation … [Read more...]
Newcomers 12 July
The sixth generation Honda Prelude was shown in Britain for the first time this week at the Goodwood Festival of Speed. The 2.0 litre petrol electric hybrid sports coupe resurrects the Prelude nameplate which ran from 1978 to 2001 in Britain and the newcomer is expected go on UK sale in Spring 2025, possibly with a four-wheel-drive … [Read more...]
Pent up demand about to be unleashed
Six out of 10 car dealers believe the second half of 2024 should improve on the first six months, suggest new findings as the new 74-plate is about to appear in September. July’s Startline Used Car Tracker shows that 35% believe consumer confidence is improving, 31% that interest rates should fall, 31% that stock supply is improving and 11% that the … [Read more...]
The chips are down in tech-trade war
New research out this week reveals why German firms are refusing to join the United States’ tech trade war with China over semiconductor chips, a key component in modern electrical devices. University of Sussex and Kings College London researchers found heavy links between German car makers like Mercedes-Benz, BMW and Volkswagen, and the country’s … [Read more...]
Prioritise EVs and motor industry investment, says trade
A focus on electrification and investment in the UK motor industry should be among the priorities of the new Labour government, says the Vehicle Remarketing Association. Philip Nothard, chair at the trade body, said that while it was clear that the administration wouldn’t have large sums of money to spend, it should be concentrated in areas that produce the … [Read more...]
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