Industry

Welsh motor sport business backs Children In Need

24 November 2016

As an official supporter of this year’s BBC Children In Need Appeal, promoters of the British MotoGP™ donated £1,786 to the charity. The figure is based on revenue received from advance ticket sales for the 2017 World Championship British MotoGP™ event – which takes place at Silverstone Circuit over the August Bank Holiday weekend. Next year’s British … [Read more...]

Autumn statement falls short of expectations, say critics

23 November 2016

Car makers say the Autumn Statement falls short of expectations. Mike Hawes, SMMT Chief Executive, said, “SMMT welcomes the government’s commitment to improving infrastructure and investment in R&D, an area in which UK automotive punches above its weight. “One of the main areas in which UK Automotive is playing a leading role is the development and … [Read more...]

Welsh parts supplier is sold to US investment firm

23 November 2016

West Wales car parts maker Calsonic Kansei has been bought out. The subsidiary of Nissan has been acquired by US firm of KKR & Co. in a deal said to be worth about £3.61 Billion. It beat out rival private equity firms Bain Capital and MBK Partners, which, according to Thomson Reuters LPC, had bid to buy Nissan's stake. Japan's second-biggest … [Read more...]

Ford is favourite in Wales

22 November 2016

The Ford Fiesta is favourite in Wales. Leasing Options, a vehicle leasing company, analysed Google Trends data to discover the country’s favourite car and the little Ford came out first. The research reveals that Ford is the nation’s favourite car make, with the most popular models being the Ford Fiesta, Ford Focus and Ford Transit … [Read more...]

Newslines 21 November

21 November 2016

JLR is reportedly going to give assembly of the Jaguar I-Pace electric SUV and a version of the next Discovery to Magna Steyr in Austria. It signed an assembly deal last year but did not specify which model would be made in the plant, although German media says it is the two models, but which have not been confirmed by JLR. Opel/Vauxhall will name its … [Read more...]

Massive jobs cut by Volkswagen

19 November 2016

Volkswagen is axing 30,000 jobs. Most will be in Germany but jobs will also go in the United States, Brazil and Argentina. Unions have agreed the packages to be offered to staff in a bid to prevent enforced redundancies as a result of the massive fines and penalties the VW Group must pay around the world for its diesel emissions falsifications. The … [Read more...]

Vauxhall & Fiat launch buying incentives

18 November 2016

Vauxhall’s popular Scrappage Allowance Scheme is back, offering customers up to £2,000 including VAT towards a new Vauxhall when they trade-in their car for scrappage. To make the cost of a new car more affordable, customers can combine the Scrappage Allowance with one of Vauxhall’s great finance offers including Flexible Personal Contract Purchase … [Read more...]

McLaren F1 founder leaves

17 November 2016

Ron Dennis has been forced out as chairman and chief executive of McLaren, bringing to an end the Briton's 35-year involvement with one of Formula One's top teams. The 69-year-old relinquished his duties on Tuesday following a decision by the majority shareholders to place him on 'gardening leave' until his contract expires in … [Read more...]

EV claims overlook payload range cost

16 November 2016

The range of an electric van can almost halve when it is carrying a full payload in real world conditions, according to a new trial by Arval, a leading vehicle leasing and fleet management company. The study showed that, over the same 33.58-mile course, an EV with a full payload lost over 85% of its range compared to a 45% loss for one that was carrying … [Read more...]

Tradelines 16 November