Bentley Motors revealed record financial results for 2022, with operating profits up nearly €1 billion compared to 2018. The latest annual figures show a profit of €708 million, representing an 82 per cent growth in profit from a four per cent growth in volume while turnover reached €3.38 billion, up 19 per cent over the same period and the announcement … [Read more...]
Industry
Newslines 17 March
Transport for Wales’ bus replacement of all services on the Conwy Valley route, as well as Wrexham’s Borderlands route is insulting to users of the lines in North Wales who depend on these services to make their regular commutes, said Welsh Conservative Shadow Transport Minister, Natasha Ashgar MS. The entire cancellation of rail services on some North … [Read more...]
Tradelines 15 March
Jaguar will slash its dealer sites from about 80 today to under 20 within two years as it moves to an all-electric line up, sources have told Car Dealer magazine. The existing dealerships will have to consider selling only Land Rover models while the Jaguar range is developed but seen as taking much smaller role and the move will affect accountancy … [Read more...]
British trucks secures Government grant
British electric vehicle manufacturer Tevva has secured government plug-in truck grant (PITrG) eligibility for its 7.5t battery-electric truck. UK organisations looking to decarbonise operations and future-proof their fleets will benefit from a potential £16,000 discount, removed from the purchase price by Tevva. To be eligible for the grant, N2 … [Read more...]
Vehicle makers want EU emissions move
The European Automobile Manufacturers’ Association want the European Commission and the Council to come to a resolution to the current impasse on the EU legislation on CO2 emissions from cars and vans. It was due to be signed into law in early March and the car makers' bodoy says the fundamental transformation for the European automotive industry needs … [Read more...]
Newslines 10 March
There are over 4.55M drivers with points on their licences, figures from the DVLA have revealed to the Scrap Car Comparison company. Broken down they show about 3.55M drivers were penalised for speeding, usually on main and secondary roads, and many of these were in the south east of England, followed by London and then the North West, but Wales is not in … [Read more...]
Leasing companies accused of overcharging ev customers
Leasing deals for battery electric vehicles are being overpriced, new analysis by T&E of the used car market finds. In the UK, leasing offers for BEVs are on average 51% more expensive than their equivalent petrol model. Leasing an electric VW ID.3 costs approximately £605 a month, whilst the petrol Golf is offered at £376. In the UK, battery … [Read more...]
Addressing the gender divide in automotive industry
International Women’s Day presents the perfect opportunity to address one of the key imperfections of the automotive industry, the gender divide, said Sue Robinson, Chief Executive of the National Franchised Dealers Association on International Women’s Day 8 March. "Whilst there is a stark difference in numbers between male and female employees in the … [Read more...]
Drivers want dash-cams as standard to cut premiums
A recent report from Go.Compare Car Insurance has found that nearly all dash cam owners believe the device should be installed as standard in new vehicles. Currently, only 18% of motorists have a dash cam fitted in their car. The insurance comparison site’s poll found that the majority (91%) of dash cam owners believe they should be a standard piece of … [Read more...]
New car sales shrug off winter chill
Improving supply components and completed cars has seen another rise in registrations in February, according to the Society of Motor Manufacturers and Traders. Sales in Wales rose the most in Britain with a 29.6% increase to 2,370 new cars. SMMT datum show 74,441 cars were registered last month – a 26.2 per cent rise on February 2022’s lower numbers but … [Read more...]
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