Mercedes-Benz will continue holding a stake in Aston Martin through an investment fund. Aston Martin said today it was looking to raise £653 million pounds through a right issue to shareholders, bringing in Saudi Arabia's sovereign wealth fund as its second-largest shareholder after the Lawrence Stroll controlled Yew Tree Consortium and Mercedes-Benz AG … [Read more...]
Industry
Nonsensical new 20mph speed limit criticised
A decision to make all urban roads across Wales 20mph has been branded “nonsensical and deeply disappointing” by Natasha Asghar MS. Senedd members voted on the highly controversial scheme with the Welsh Conservatives voting against, and Plaid Cymru supporting Labour by giving it their backing. Natasha Asghar MS (above) – who represents South East Wales … [Read more...]
Knowing how long an EV battery will last before it’s made
Testing the lifespan of new electric vehicle battery designs could be made four-times quicker by a new streamlined process, researchers at the University of Michigan (UM) have claimed and reported by the Institute of Mechanical Engineers. The new ‘optimisation framework’ developed by the team could also reduce the cost of assessments for new designs, they … [Read more...]
Tradelines 13 July
Arval UK has more than doubled the number of electric vehicles (EVs) on its UK fleet in the 12 months to the end of June. There has been a 102% growth from 11,225 to 22,630 units, meaning that EVs now represent 12.2% of its total fleet – up from 6.4% at the same time last year and the total figure breaks down into a 98% increase in the number of electric … [Read more...]
Newslines 12 July
The Honda Civic was launched 50 years ago today. It has sold 27.5m around the world and the 11thgeneration order books have opened today from £29,595 and deliveries commence in September. Ferry and motoring trips to Europe are expected to escalate this summer as airports and airlines slash flights. The cost of flying and queues with the possibility of … [Read more...]
EV interest growing, but there’s range anxiety
A quarter (26%) of car hirers would like to hire an electric car to test one out, and a fifth (20%) would like to ‘do their bit’ for the environment (17% men and 23% women). However the survey carried out by Opinium, on behalf of iCarhireinsurance.com, a leading provider of stand-alone car hire excess insurance, did find some barriers to hiring an … [Read more...]
Seven in ten stolen cars never recovered
Seven in ten stolen cars are not now recovered with sophisticated gangs stealing them and breaking for parts and a lot of money, according to the latest study. One of the most popular to pinch because of easily bypassed security system is the Range Rover and its also one of the most expensive worth a lot in stripped out parts sold on the black market to … [Read more...]
Beat the heat & plan ahead
The current heatwave is expected to last all week, with warnings remaining in place while the temperature soars into the mid thirties (33C/91F). It is important to make safety a priority when you're driving this summer, which is why you should always prepare for long journeys ahead, including your commute to and from work. Graham Conway, Managing Director … [Read more...]
Price cuts not being passed onto motorists
Fractional falls of under a penny a litre in the average price of both petrol and diesel over the course of a week when wholesale prices have plummeted are an irremovable stain on major retailers' reputations, said RAC fuel spokesman Simon Williams. "It's frightening to think this is going on under the nose of the Competition and Markets Authority. … [Read more...]
EV anxieties overblown and benefits overlooked – NFU
Research by electric vehicle insurer NFU Mutual suggests that concerns about electric vehicle range and charging are overblown when compared to the reality of owning an EV, and that non-EV owners are overlooking some key benefits of the technology. NFU Mutual, which offers insurance tailored to plug-in and hybrid EV owners, recently conducted a UK-wide … [Read more...]
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