Germany’s green rescue package points the way for Europe. The German rescue package announced last week will help fight the worst economic shock in decades by transforming the economy to make it greener and stronger, said environmental group Transport & Environment. Under the plan, €2.2 billion will be spent on incentivising electric cars and car … [Read more...]
Cars are an escape from Coronavirus
Cars, councils and the country make strange bedfellows, but they now depend on one another to fight Coronavirus-19. After decades of being squeezed out, criticised and taxed as a milk-cow it now seems that councils and the country cannot survive without cars. All the investment pushed into public transport at the expense of improving roads and parking … [Read more...]
Bentley cut jobs and JLR get massive Chinese loan
Bentley is cutting about 1,000 jobs, a quarter of its workforce at Crewe, due to a fall in sales for the 101 year old company. It had increased sales last year by 5% to 11,000 models but the pandemic fallout hit them hard and now it’s preparing to offer voluntary redundancy to many before making redundancies. Jaguar Land Rover has entered into agreements … [Read more...]
Newslines 5 June
Passengers might have to pre-book bus and train tickets in future to help prevent the spread of coronavirus, Wales' economy minister has warned. Ken Skates said space on services would be "vastly reduced" for passenger safety but Transport for Wales said passenger numbers have collapsed in ten weeks and social distancing has cut … [Read more...]
Aston Martin St Athan plant importance grows
Aston Martin Lagonda’s Welsh plant will play an increasingly important part in the company’s “reset plan” to boost sales around the world. The luxury car maker has seen a steep collapse in its sports cars sales and introduced new management as it prepares to roll out production of its DBX SUV at St Athan in coming weeks. Today it announced 500 job cuts … [Read more...]
Higher demand for new cars expected
British car manufacturing came to a screeching halt in April, down 99.7% against the same month last year. Seán Kemple, Director of Sales at Close Brothers Motor Finance, offers his views on the shutdown, including recent data on what dealers want from the Government moving forward. Seán Kemple, Director of Sales at Close Brothers Motor Finance, said, … [Read more...]
Sunday drive: On the road & in the news 30 May
Although the lockdown measures are easing it will take time for the wheels of society to return to something like normal life, writes David Miles. But from tomorrow, after the bank holiday week, English schools for certain age groups will open where they can and more employees should be returning to work and that includes the motoring industry. So hopefully … [Read more...]
EC green energy plan risk to UK economy
Britain will miss opportunities for a greener and more econoically stable future as a result of the European Commission’s €750 billion euro package unveiled this week to put climate change at the heart of the bloc’s recovery from the coronavirus pandemic, according to critics. Billed as the world’s biggest “green” stimulus, it aims to tackle the economic … [Read more...]
Tradelines 27 May
Around 1,200 jobs are going at McLaren. The group’s applied technology, automotive and racing businesses will be hit, the company said in a statement, as the cancellation of motorsport events, the suspension of manufacturing and retail activities around the world and reduced demand for technology solutions dashed the group’s revenue generating … [Read more...]
Newslines 26 May
British Finance Minister Rishi Sunak will rescue companies seen as strategically important on a “last resort” basis after other options run out. The Treasury told Reuters late on Sunday it may try to save those companies whose failure will “disproportionately harm the economy” and that could include Jaguar Land Rover which has been reported as seeking … [Read more...]
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