Volkswagen unions have been told next year will be "difficult" and the business is likely to slim down its workforce in Europe. A slower than expected take up of electric vehicles, continuing high investment in new products and intense competition from European and Far Eastern car makers has been cited as the business faces a tough two years until its new … [Read more...]
Newslines 28 November
Plans to rename SsangYong as KG Mobility have been dented by international law. KG Group, a local steel and chemicals company, completed the acquisition of the bankrupt SUV maker just over a year ago and renamed the company KG Mobility Corporation earlier this year but when it applied to register the English language name of KG Mobility as a trademark in … [Read more...]
Newslines 27 November
Genesis will continue to sell a full range of models through its own-brand dealer network despite an operational merger with parent company Hyundai beginning in January. Genesis Motor UK will no longer exist as a standalone company from January 2024, as first reported by Car Dealer magazine, its operations being rolled fully into … [Read more...]
Ex-fleet sales will dramatically boost ev take up
If leasing companies electrify their fleets earlier, 18 million more households in the EU will have access to cheaper EVs and save on their car spending. At current rates of electrification, 33 million households in the EU will have access to second hand electric cars from today until 2035. But if the leasing sector accelerates its uptake of EVs, this … [Read more...]
Tyre wear training courses for hard drivers
Fleets should consider driver training to counter the high level of tyre wear being reported on electric vehicles, suggest analysts at FleetCheck. The fleet software specialist says the additional weight and performance of EVs means that employees who drive company cars more aggressively are getting through sets of tyres much more quickly than would be … [Read more...]
Ford Turkey battery plant is a non-starter
Ford and South Korea’s LG Energy Solution have scrapped plans to build an electric vehicle battery plant in Turkey after their local partner Koc Holding withdrew from the project. Koc Holdings said it was pulling out of the deal due to concerns over the rate of EV adoption in Europe and timing of the project in view of the current economic slowdown in … [Read more...]
Thieves target old Defenders for parts
The Land Rover Defender is a major target for thieves who can break them up within hours of getting their hands on them, say insurers. The UK’s leading rural insurer is urging farmers and other Land Rover Defender owners to take action to safeguard their iconic vehicles against clued-up thieves. NFU Mutual is urging Defender owners to adopt a combination … [Read more...]
Gamechanger in ev charging coming down the line
The owners of Asda have bought the Tesla charger network and are preparing for a rapid extension for all plug-in hybrid and battery cars. As the UK is likely to reach a million BEVs next February according to Cap HPI, the Asda move is very significant. Asda owner, the EG Group run by brothers Mohsin and Zuber Issa, said in a statement that the Tesla … [Read more...]
Tradelines 8 November
Almost a quarter of fleets (23%) say they expect to lengthen their company car lease contracts because of growth in home working, according to new research. The 2023 Arval Mobility Observatory Barometer found that the move towards contract extensions is more pronounced among larger companies with more than 1,000 employees (38%) compared to the smallest with … [Read more...]
Aging fleets create service boost for independents
Fleet use of independent garages is around a quarter higher for company cars and vans aged four years old compared to their one year old counterparts, shows research. New data from epyx shows that buying of service, maintenance and repair (SMR) shifts from 30% independent garage and 70% franchise dealer at 1-2 years old to 35%/65% at 2-3 years old, 40%/60% … [Read more...]
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