Finance

Tradelines 3 August

3 August 2022

Duplicated and wasted journeys are on average costing £71 a week in unnecessary fuel per vehicle, businesses have been told by RAM Tracking. The comprehensive fleet management software embracing dashcam and tracking systems also encourages careful driving to reduce bills and accidents as well as downtime when avoidable repairs are needed. A new report has … [Read more...]

Brits falling out of love with evs

2 August 2022

Brits’ appetite for electric vehicles appears to be declining with fewer people saying they expect to own an EV in the next decade, according to a recent CarGurus study. Despite petrol prices reaching record highs and the sale of new petrol and diesel cars banned from 2030, UK motorists’ appetite for EVs has decreased when comparing interest in 2021 … [Read more...]

Car production stutters on shortages

2 August 2022

UK car production declined -19.2% in the first six months of the year, according to the Society of Motor Manufacturers and Traders, with 95,792 fewer vehicles built compared with the same period in 2021. Just 403,131 units were built, representing the weakest first half since the pandemic-ravaged 2020 and worse than 2009 when the global financial crisis … [Read more...]

Showrooms still pull in buyers, but face new rules

1 August 2022

The majority of car owners (55%) still buy their car from a car showroom, increasing to 64% of over 55s, compared to just 38% of under 34s. The survey of 2,000 UK drivers, commissioned by InsuretheGap.com, finds that over a third (36%) buy from showrooms (men 38% and women 34%) so they can part-exchange their vehicle, get a warranty (33%) and because they … [Read more...]

Holiday hires hidden horrors highlighted

29 July 2022

Summer 2022 is setting out to be one of the busiest seasons for travel. With so many of us wanting to get back out to explore new destinations, renting a car provides extra flexibility while abroad. But did you know, there could be hidden costs within the reams of paperwork you have to complete before driving off? To help Compare the Market reveal five … [Read more...]

Hydrogen lorries are a must for businesses

27 July 2022

The H2Accelerate collaboration has published a new white paper in support of the use of hydrogen in long-haul trucking, based on focus group discussions with truck end-users and logistics providers. The paper sets out the conclusions of a series of focus groups with companies such as Amazon, Nestle Waters, DB Schenker, and Kuehne-Nagel, who have the … [Read more...]

Yasa expand with jobs boost in Mid-Wales

27 July 2022

A flagship research and development centre has opened in Welshpool after a £1.98m investment by the Welsh Government, Economy Minister Vaughan Gething has announced this morning. Automotive manufacturer YASA Ltd will significantly expand its operations from the new centre, based at Offa’s Dyke Business Park, creating up to 40 new jobs. YASA, a leading … [Read more...]

New battery design reduces carbon footprint

26 July 2022

Solid-state batteries should reduce the carbon footprint of electric vehicle batteries by almost two-fifths – further increasing EVs’ environmental advantage over fossil fuel vehicles. That’s according to research commissioned by Transport & Environment from Minviro, a UK-based company specialised in raw material life-cycle analysis, which compared … [Read more...]

Welsh firms jointly working on new type of electric motor

25 July 2022

A consortium including industry and academia, led by Caerphilly-based advanced research and development firm Deregallera, will begin work on an alternative motor for electric vehicles that’s less harmful to the global environment, thanks to support from the £1.8m Ford Low Carbon Vehicle Transformation Fund. Administered by the Welsh Government as part of … [Read more...]

Newslines 25 July