With up to 75% of the value of vehicle components made in Europe, the continent’s automotive supply industry generates substantial economic value and supports hundreds of thousands of jobs, but it's under serious threat. Yet Europe’s automotive suppliers are issuing a stark warning based on a recent study of European value creation: without urgent and … [Read more...]
Newslines 10 September
Transport for Wales (TfW) and InPost, have joined forces to bring parcel lockers to seven stations across the South Wales network. The introduction of these lockers will allow customers to conveniently send and receive parcels with their daily commute or journey and initially are at Rhymney Station, Caerphilly Station, Radyr Station, Merthyr Tydfil Station, … [Read more...]
Car regs growth is essential
The end of Summer typically brings a quieter period for the UK’s new car and LCV markets as buyers anticipate the September plate change, writes Mike Hawes, CEO Society of Motor Manufacturers and Traders.. Given the tough economic and consumer environment that has impacted markets this year, August’s slight -2.0% decline in new car registrations – and a … [Read more...]
Newslines 5 September
Škoda is set to deliver a double bonus for customers with the addition of a new long-range model to the award-winning Elroq line-up along with official confirmation of models eligible for the Band 2 £1,500 UK Government’s Electric Car Grant (ECG). To further maximise value for buyers, Škoda is introducing a new model to the Elroq line-up that allows buyers … [Read more...]
Board agreed to promote female F1 drivers
>= More than Equal, a global high-performance motorsport programme with a mission to find and develop the first female Formula 1 world champion, has announced the formation of its inaugural Advisory Board. The move represents a major step forward in More than Equal’s growth, bringing together some of the most respected figures across motorsport, sports … [Read more...]
Big EV grants approved but Lotus cut workforce
The Government has rolled out details of the first electric vehicles to get the maximum grant in a drive to boost BEV sales, The first electric vehicles eligible for the £3,750 discount under the government's grant scheme will be Ford's Puma Gen-E and e-Tourneo Courier. Under the grant scheme, the discount applies to new eligible car models costing up to … [Read more...]
Toyota GB backing Special Olympics GB again
Toyota GB has reinforced its support for inclusive, grassroots sport by extending its Official Mobility Partner agreement with the charity Special Olympics Great Britain GB for a further two years. Prior to this national partnership, Toyota has had a longstanding relationship with the Special Olympics movement globally, serving as a regional partner for … [Read more...]
Logistics industry at training crossroads
The government’s latest employment data shows unemployment is at its highest level since June 2021 and has increased to 4.7% in the three months to May. The announcement comes as business group Logistics UK publishes the findings of its latest Skills and Employment Update and calls for a coordinated effort to address recruitment and retention in the … [Read more...]
Speed king seeks new crown
Exactly a century after Sir Malcolm Campbell set a 150mph World Land Speed Record at Pendine, grandson Don Wales revealed he eyes the 200mph barrier in a steam-powered eco-racer. 100 years after Sir Malcolm’s 350hp ‘Bluebird’ Sunbeam streaked across the sand to set the new world record on 21 July 1925, Don was in the driving seat (above) for a staged … [Read more...]
Profitability warning with over-supply of cars
Oversupply could begin to push the new car market back towards the kind of peaks seen in the mid-2010s, members heard at a meeting of the Vehicle Remarketing Association. However, a return to nearer 2.5 million sales would be unlikely to represent real demand and would generally be accompanied by poor unit profitability for dealers, the event at BCA … [Read more...]
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