Chinese backers have moved to take a share of the quintessentially British Aston Martin Lagonda brand. Geely, who are behind Volvo, Polestar and Lotus, have taken a 17% stake of £234M in the Gaydon and St Athan luxury car makers and may raise it to 22%. The move makes the Chinese giant the third-largest shareholder in Aston Martin, behind the Saudi Arabian … [Read more...]
Industry
Weekend roadtest: Volkswagen ID.Buzz Pro
Move over supercars, there’s a new head turner on the road, the Volkswagen ID. Buzz. Talked about for a few years and on sale last year in Britain, the very retro Buzz is one of the rare newcomers that manages to break with modern convention by being old-school conventional. Borrowing styling cues from the famous VW dubs of a few decades ago yet sweeping … [Read more...]
Warnings on motoring costs and insurance pitfalls
IAM RoadSmart, the UK’s leading road safety charity, has launched the eighth edition of its annual Driving Safety Culture report, with its key objective to reveal the biggest issues impacting motorists on the roads. The annual report, which has studied UK motorists’ driving safety attitudes and behaviours since 2015, has highlighted the biggest worries for … [Read more...]
Mid-Wales prepares for Nicky Grist Stages
The Nicky Grist Stages returns to Builth Wells on Saturday 8 July, when crews from six major UK rally championships gather for the Quinton Motor Club-organised rally – which will be played out over 44 stage miles in the nearby classic mid-Wales forestry stages of Llyn Login, Monument, Halfway and Crychan. This year’s event celebrates the 14th consecutive … [Read more...]
Retailers driving job opportunities
A recruitment drive is underway in motor dealerships around Britain. The retail side of the automotive industry employs nearly 600,000 people and is one of the biggest and most varied sectors. There are automotive dealerships all over the UK and your local one might have the right opportunity for you to kick-start and develop your professional … [Read more...]
Banks must finance more EV deals
Almost six out of 10 dealers (58%) believe that more support is needed from their motor finance providers to retail electric vehicles, shows new research. May’s Startline Used Car Tracker reports that 41% say their lenders are less keen to finance EVs, 10% want higher deposits from buyers and 5% charge higher interest rates. A further 5% say their lenders … [Read more...]
Tradelines 17 May
Chinese emerging car maker BYD grew production by an astonishing 211% last year to overtake Tesla and is well placed to begin European assembly, reports StockApps. com. As the car maker prepares to build over 2M EVs this year, StockApps financial analyst Edith Reads said, “BYD’s success is attributed to several factors, including China’s increasing focus … [Read more...]
Struggle to decarbonise needs Government push
If the logistics sector is to effectively decarbonise in line with the government’s 2050 net zero deadline more support will be needed to enable operators to do so, according to a new report by business group Logistics UK. The organisation’s Electric Vehicle Report 2023 demonstrates that factors including a lack of fiscal support and an inadequate public … [Read more...]
Newslines 16 May
Here are the first views of the next generation MINI family, with Oliver Heilmer, Head of MINI Design. Each new MINI model gains its own strong individual character that is expressed in distinctive design features, while exuding individuality with a clear brand affiliation and sustainable materials are another essential part of the new design … [Read more...]
Newcomers from AC and Aston Martin
The stunning new AC Cobra GT Roadster has made its global premiere in London, before confirmed buyers and customers as the legendary sports car makes its sensational return. Available in left or right hand drive with up to 663ps, the 5.0V8 two seater soft-top will be limited to 250 models annually after four years of development and it’ll cost about … [Read more...]
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