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...]
French tell Renault “home” build for state aid
The French government has told Renault it must keep home plants operating as a condition of receiving €5 Billion state aid. France wants it to remain the group’s global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday. Speaking in the Senate, he said the government was particularly concerned … [Read more...]
Car makers move to save extinction
CEOs from across the automotive value chain came together for a meeting with the European Commission to align on the priorities for a solid recovery plan for the automotive sector, with a view to stimulating the wider economy and bolstering the transformation to a carbon-neutral society. CEOs of vehicle manufacturers and component suppliers, as well as … [Read more...]
Tradelines 20 May
The French Government has reiterated it will only assist car makers coping with the pandemic fallout if they are producing and promoting low carbon polluting models. The big boost to electric vehicles is designed to be supported by a new scrappage scheme and replacement with evs. The Independent Garage Association (IGA) has written to the Secretary of … [Read more...]
Nextbike slam vandals as it steps up services
The boss of Cardiff bike share operator nextbike slammed vandals who have gone on a wrecking spree in the city, putting vital bikes out of action which were designed to help frontline NHS and essential workers get to work during the pandemic. Nextbike had joined forces with Cardiff University and Cardiff Metropolitan University to fund a scheme which … [Read more...]
Sunday drive: On the road and in the news 17 May
Another week has gone by and here I am still keeping calm and carrying on despite very mixed messages from our Government about what we can or should do during now it appears slightly relaxed semi lock-down period, says David Miles. But no longer is it the same rules in each of our four domestic countries, so that's really clear. With no sign of new … [Read more...]
Government’s bias against hydrogen buses challenged
Industry leaders, campaign groups and academics have challenged the Government’s allegedly “deliberate” and “misjudged” bias against hydrogen buses in its pursuit of decarbonising public transport. Spearheaded by Jacob Young MP, Chair of the Hydrogen All Party Parliamentary Group, a letter has been submitted to Transport Secretary Grant Shapps which … [Read more...]
Buyers looking for dearer models after lockdown
Data from the online car marketplace BuyaCar.co.uk reveals that the average price of cars being reserved for purchase when lockdown is eased has shot up to a record level. Average prices paid on BuyaCar.co.uk fell to a three-year low of £11,366 during April this year - down from £13,590 paid during April 2019. But the first week in May has seen the average … [Read more...]
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