A Welsh Conservative investigation has revealed that Transport for Wales has spent a total cost of £14.2m on consultancy fees from February 2021 to March 2023. Commenting on the investigation, Welsh Conservative Shadow Minister for Transport, Natasha Asghar MS said, “To spend so much money on consultants, in such a short period of time is unbelievable, … [Read more...]
Genesis gears up for Goodwood Festival
Genesis Motor Europe continues its role as official partner of the Goodwood Festival of Speed 2023. Following the successful debut of the partnership at the world-renowned automotive event in 2021, the award-winning Korean brand extended its commitment with an exclusive three-year association starting in 2022. This year Genesis will … [Read more...]
EV values slide as fleets reshape businesses
Used electric cars and vans are expected to fall further in value in coming months, according one industry expert. The slippage might also see petrol and diesel models cut back by manufacturers to meet tightening ev sales targets by Government. Interference in the ICE market will have the effect of driving up values of existing models as a … [Read more...]
ZEV Mandate is unrealistic, say dealers
The UK Government must slow down its drive towards a totally electric car and van deadline, said a car dealers' pressure group. Politicians and green lobbyists are expecting 'too much too soon' and the demand among van owners is particularly weak as they struggle with a scattered charging network, rising costs and efficiencies, said Sue Robinson, Chief … [Read more...]
Green motoring costs 10-times estimates
The real cost of a green transport policy is up to ten times initial estimates according to the latest analysis. The Euro 7 proposal on pollutant emissions would lead to direct cost increases that are 4 to 10 times higher than those cited by the European Commission, according to a new study. The proposed Euro 7 regulation will increase the manufacturing … [Read more...]
Chinese stake in Aston Martin Lagonda
Chinese backers have moved to take a share of the quintessentially British Aston Martin Lagonda brand. Geely, who are behind Volvo, Polestar and Lotus, have taken a 17% stake of £234M in the Gaydon and St Athan luxury car makers and may raise it to 22%. The move makes the Chinese giant the third-largest shareholder in Aston Martin, behind the Saudi Arabian … [Read more...]
Retailers driving job opportunities
A recruitment drive is underway in motor dealerships around Britain. The retail side of the automotive industry employs nearly 600,000 people and is one of the biggest and most varied sectors. There are automotive dealerships all over the UK and your local one might have the right opportunity for you to kick-start and develop your professional … [Read more...]
Banks must finance more EV deals
Almost six out of 10 dealers (58%) believe that more support is needed from their motor finance providers to retail electric vehicles, shows new research. May’s Startline Used Car Tracker reports that 41% say their lenders are less keen to finance EVs, 10% want higher deposits from buyers and 5% charge higher interest rates. A further 5% say their lenders … [Read more...]
Tradelines 17 May
Chinese emerging car maker BYD grew production by an astonishing 211% last year to overtake Tesla and is well placed to begin European assembly, reports StockApps. com. As the car maker prepares to build over 2M EVs this year, StockApps financial analyst Edith Reads said, “BYD’s success is attributed to several factors, including China’s increasing focus … [Read more...]
Struggle to decarbonise needs Government push
If the logistics sector is to effectively decarbonise in line with the government’s 2050 net zero deadline more support will be needed to enable operators to do so, according to a new report by business group Logistics UK. The organisation’s Electric Vehicle Report 2023 demonstrates that factors including a lack of fiscal support and an inadequate public … [Read more...]
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