Scores of jobs are on the line in Aston Martin's St Athan plant. The luxury sports car brand today announced a 20% cut in its 3,000 strong workforce in Britain, mostly at its Gaydon HQ and St Athan plants. Aston Martin has confirmed the firm's net losses jumped 52% last year to £493.2m. It has this month announced plans to raise some capital by … [Read more...]
Finance News
Octopus Fleet spreads its power tentacles
The UK’s shift to cheap, clean transport got a major boost with the launch of ‘Octopus Fleet’ – the one-stop shop for all businesses looking to electrify their fleet operations with ease. Whether businesses are just getting started with EVs or already going full throttle, Octopus Fleet offers the ultimate mix-and-match of smart solutions – from fleet … [Read more...]
Smart Charging to cut EV running costs
Despite growing adoption of electric vehicles, widespread misconceptions about cost and charging still shape public opinion. Recent research from the AA shows that 80% of drivers believe electric cars are too expensive to purchase, while only 21% think EVs are cheaper to run than petrol or diesel vehicles. One in five motorists also believes charging away … [Read more...]
EV incentives for renters and flat owners
For a long time, home EV charging has been framed as something reserved for homeowners with driveways and detached houses. If you rented your home or owned a flat, the assumption was that low-cost charging at home simply was not an option. Given that the cost of public charging can be up to 10 x the cost of the lowest domestic charging-specific tariffs, it … [Read more...]
FCA reportedly caving in to car makers over loans
Motorists hoping for big payouts for financial mis-selling by major car makers' associated arms look like losing out after all. Media reports this week indicated the Financial Conduct Authority has come down on the side of the car makers' finance providers and big banks to reject payments to customers. Under the plan said to be going through final stages … [Read more...]
Mileage clocking expected to rise in evs
Government plans for a new mileage-based Electric Vehicle Excise Duty greatly increases the temptation for car clocking, FleetCheck is warning. The proposal replaces lost fuel duty revenue with rates of 3.0 pence per mile for electric vehicles (EVs) and 1.5 for plug-in-hybrids, with mileage checked annually at an MOT station. Peter Golding, CEO at the … [Read more...]
Bad reviews drive away buyers
Almost two-thirds (62%) of used car buyers say poor online reviews would make them think twice about buying from a dealer – even if the business had the exact car they want. February’s Startline Used Car Tracker reveals other “red flags” when it comes to motor retailers, including slow communications (61%), badly presented vehicles (55%), dirty, unappealing … [Read more...]
Fewer vehicle thefts recorded
The UK’s largest owner-managed loss adjusting and claims solutions group, QuestGates, has completed its initial analysis of the Driver and Vehicle Licensing Agency Lost or Stolen data for 2025, revealing encouraging trends for the motor insurance market. For the motor insurance industry and motorists in general, the data points to a clear shift in the right … [Read more...]
Weekend roadtest: Xpeng G6
Exactly what driving and mobility will be like in future is still uncertain, but for sure, Chinese brand Xpeng aims to be part of it. Like US rival Tesla, Xpeng has roots in technology, software and brainpower rather than horsepower, and it also set its sights on the sky and has produced not a spaceship but a flying car complete with its own land aircraft … [Read more...]
Free chargers would boost used ev sales – dealers
Six out of 10 dealers (60%) say funding for free or low-cost home chargers would be the most effective government boost to used electric car sales. February’s Startline Used Car Tracker also shows 52% back low or zero interest loans, 52% schemes to make charging available for those without space for a home charger and 50% grants that reduce the purchase … [Read more...]
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