Aston Martin is committed to car making in St Athan. The reassurance about the Vale of Glamorgan plant's future was given by CEO Adrian Hallmark during questions after the luxury car business disclosed its FY24 results with investors this week. Aston Martin has reported a 3% decrease in revenue for the financial year FY2024, totalling £1.58bn ($2bn), down … [Read more...]
Newslines 28 February
Despite racking up 760,000 fines between them drivers of Ford, Volkswagen and BMW also made up the highest number of unpaid parking fines with an outstanding £15,000,000 in fines between them. Almost half of this eye watering total is made up of fines from Ford alone, with the make accounting for £6,500,000, according to data compiled by National Scrap … [Read more...]
Tradelines 26 February
A report in the Financial Times suggests that a Japanese group including a former Japanese prime minister is drawing up a plan for Tesla to invest in Nissan. Nissan is currently seeking a partner or strategic investor anchor after the recent collapse of merger discussions with Honda and the proposal is being led by former Tesla board member Hiromichi … [Read more...]
Makers hope to make REx king of the hybrid market, FleetCheck
News that some motor manufacturers are working on new range extender (REx) models could be a step towards potentially solving “tough” fleet electrification issues, says FleetCheck. Ford and Stellantis are among those reported to be developing REx versions of larger SUVs and pick-ups, having found full electric versions expensive to bring to market, and also … [Read more...]
Tradelines 19 February
Stellantis will manufacture dual-clutch transmissions for hybrid vehicles at its Termoli plant in Southern Italy, Reuters has reported. The Termoli facility currently produces engines and has been earmarked by Stellantis-led battery cell joint venture Automotive Cells Company (ACC), which includes partners TotalEnergies and Mercedes but the final go-ahead … [Read more...]
EV batteries fire and explosion risk warning to trade
Allianz UK is warning motor traders to be aware of the risks associated with Electric Vehicle battery fires, which have caused extensive damage in recent cases and created unique challenges. Lithium-ion batteries, used in EVs, have been identified as a potential risk due to their thermal instability. When damaged, mishandled, stored or transported … [Read more...]
Apprenticeships hold the key to future logistics skills
The changes to apprenticeships announced by the government will encourage more people to take up vocational training across the logistics sector, according to Logistics UK’s Head of Skills Policy Bethany Windsor. Speaking in response to changes to the apprenticeship system announced by the Secretary of State for Education, Bridget Phillipson today, Ms … [Read more...]
Car makers facing cross-roads of challenges
The European automotive sector is at a cross-roads facing mounting pressure from regulatory CO2 targets this year and grappling with declining global competitiveness. At the first of the Strategic Dialogue thematic sessions dedicated to infrastructure and demand, European vehicle manufacturers and suppliers addressed shared concerns and outlined feasible … [Read more...]
Government ZEV targets to be missed in two years
Analysts say carmakers will miss UK Government ZEV mandate targets by 346,000 units in three years unless ‘major consumer concerns’ are addressed. That is according to Cox Automotive in its latest Insight Quarterly report which backs up studies by Regit that found that several key blockers remain in place stunting mainstream EV adoption among UK car … [Read more...]
Drivers Den showcases new ideas and tech to the public
The British Motor Show is once again putting innovation in the fast lane as it brings back Drivers Den for 2025, offering start-ups and small businesses the chance to showcase their cutting-edge automotive technology to industry leaders, motoring enthusiasts,and the media. Following its highly successful debut in 2023, Drivers Den has become a highlight of … [Read more...]
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