Volkswagen will cut up to 7,000 positions, boost productivity and deliver 5.9 billion euros of annual savings at its core VW brand by 2023, in its latest attempt to raise profitability at its top-selling division. It anticipates the jobs to be taken out of administrative roles but acknowledges it will need less assembly workers as it moves towards more … [Read more...]
Minister meets the motor industry in Wales
Wales Economy Minister Ken Skates met key players from the automotive industry affected by the recent Honda announcement to discuss how Welsh Government can best support the industry as they navigate challenges associated with Brexit and rapidly changing technologies. With Honda’s decision to close its Swindon facility affecting some 2,000 supply jobs in … [Read more...]
European car prices face rise but Japanese go down
Some european cars will rise in price under the Government’s proposed post-Brexit tariffs structures. The new tariff regime would mark a shift in favour of products from non-EU countries. Even so, they mean 82% of imports from the EU would be tariff-free, down from 100% now, while 92% percent from the rest of the world would pay no border duty, up from … [Read more...]
BREAKING NEWS; Infiniti close Sunderlnd, pull out of Europe
Nissan’s luxury Infiniti brand is ending production in Sunderland and pulling out of Western Europe. Production of the Q30 and QX30 will cease within months at the plant which was told just last month that it will not get the next Nissan X Trail SUV. The decision is likely to wipe thousands of pounds off the value of any UK Infiniti models and … [Read more...]
Motor industry dispels myths on road to Brexit
As the clock ticks towards a deadline for Brexit, the UK automotive industry outlines its views on ‘no deal’ impact, as Parliament debates the meaningful vote. Many commentators and politicians cite the automotive industry in Brexit discussions so, as Parliament debates the meaningful vote, the Society of Motor Manufacturers and Traders (SMMT) has … [Read more...]
Morgan Motor Company sells out to investors
The 110-year old Morgan Motor Company of Malvern has sold a majority shareholding to British investment group. The Investindustrial Group has backed Aston Martin and Ducati and its likely the Morgan family will become multi-millionaires through the deal which also sees all 190 employees become shareholders. Morgan became famous through its iconic … [Read more...]
Honda fall-out affects Wales
A dozen businesses in Wales make parts for Honda, said the Welsh Automotive Forum. The component suppliers employ thousands of workers and Welsh Government and WAF are taking steps to identify the true impact of the Honda closure and how the employees can be helped. Honda will close its vehicle assembly plant in Turkey along with the Swindon operation … [Read more...]
Honda to close Swindon factory?
Honda will close its Swindon car plant by 2022, says Sky News. It established its only European factory in Wiltshire in 1985 without any UK Government aid, employs 3,500 people and makes about 100,000 Civics annually for the UK and export. It also takes components from a number of Welsh and UK companies, notably in South and Mid-Wales. Now Sky … [Read more...]
New car sales will stagnate this year, say makers
This year, EU car sales will stagnate at 2018 levels in terms of units sold, staying close to the 15 million new registrations mark recorded last year, according to new forecasts by the European Automobile Manufacturers’ Association. Although 2018 was the fifth consecutive year of growth, the pace of growth has slowed down significantly over the last … [Read more...]
Hola, the Hispano Suiza ev is coming
Next month’s Geneva Motor Show will see the world debut of the ‘Carmen’ – a fully-electric hyperlux grand tourer from iconic Spanish luxury car brand Hispano Suiza. Named after Carmen Mateu, granddaughter of Hispano Suiza’s founder, the new model is the ultimate expression of classically-inspired design, next-generation … [Read more...]
- « Previous Page
- 1
- …
- 132
- 133
- 134
- 135
- 136
- …
- 141
- Next Page »
