Investment – Page 62 – Wheels Within Wales

End of the road for Mitsubishi cars in UK

28 July 2020

Mitsubishi cars will stop being sold in the UK and Europe. Importers Colt Cars, of Cirencester has written to over 100 UK franchise dealers saying the news was unexpected from Japan and meant no new generation models would be coming through the system but they can sell current models. Colt Cars is working to ensure as many retailers as possible are … [Read more...]

M4 congestion report bypasses facts, says logistics group

24 July 2020

The report published last week by the South East Wales Transport Commission that aims to tackle congestion on the M4 bypasses the key role which freight plays in sustaining the communities and industry in Wales, according to the business group which represents the logistics sector. “Disappointingly, the report overlooks the key role which logistics plays … [Read more...]

Ford secure loan guarantees for Dagenham engine plant

23 July 2020

As Ford prepare to close their Bridgend Engine Plant this year with the loss of about 1,200 jobs, the company has secured a UK Government underwritten £500M loan to support its Dagenham engine plant. The guarantee covers 80 percent of a £625M loan from commercial banks to support the automaker’s substantial exports of engines and transmissions from … [Read more...]

Changing the future view of fleet models

22 July 2020

The aftermath of the coronavirus crisis is likely to prompt an “increasing split” between the way cars and vans within fleets are managed, says FleetCheck. The fleet software specialist says that the accent on car fleets is likely to be centred around whether journeys are required while, for vans, it will be more about efficient management of journeys that … [Read more...]

Flat-pack EV platform builds on success

21 July 2020

Israel-based REE Automotive (REE), the electric platform leader reinventing e-Mobility, has won the 2020 BloombergNEF (BNEF) Pioneer award. REE has been named as one of ten game-changing companies by Bloomberg - the global business and financial information news leader - for its breakthrough EV platform, which is completely flat, scalable and modular and … [Read more...]

Roads, pollution and fuels focus fleet minds, says Arval Mobility report

20 July 2020

Road infrastructure, Clean Air Zones and the adoption of alternative fuels top the list of challenges reported by fleet and mobility managers over the next five years. The finding comes from authoritative new research in the Arval Mobility Observatory, which gains insight from businesses via a wide ranging set of questions to uncover broader trends and … [Read more...]

Over 13M vehicles recalled this year so far

17 July 2020

Over 13 million vehicles have been recalled around the world to so far this year, writes David Miles. Data acquired by Finbold.com indicates that approximately 13,362,759 million vehicle units have been recalled globally by different manufacturers between January 1st and July 13, 2020. The recalls are mainly due to safety concerns. Toyota is the world’s … [Read more...]

New-look trouble-free car subscription service

15 July 2020

The UK’s newest and most flexible car subscription service offers a trouble-free all-inclusive deal for both private drivers and businesses who want the convenience and reliability of a quality new car while avoiding locking themselves into a long-term financial contract. Caasta.com, backed by Green Bison Group, aims to disrupt the new car market and help … [Read more...]

EC wasting € Millions on ‘outdated’ truck stops – warning

14 July 2020

The ongoing European Commission initiative to develop new standards for safe and secure truck parking areas in Europe is highly relevant to ensure safe and good resting conditions for European truck drivers but does not meet future low carbon transport needs, say vehicle makers. Welcoming the trucking initiative, ACEA said that in the context … [Read more...]

Newslines 14 July