Volkswagen Group will compensate a supplier to end a six-day standoff that stopped Golf and Passat production in Germany. The $14.7 million amount is well below supplier Prevent Group's initial demands seeking about €58 million ($66 million) to cover factory alterations made in preparation for a €500 million order that VW cancelled. The deal also … [Read more...]
Industry
UK car production slowing but still strong
UK car production rose in July but at a slower pace than in June, according to the Society of Motor Manufacturers and Traders (SMMT), which urged the government to make sure the country's exit from the European Union does not hamper the sector. The UK's overwhelmingly foreign-owned carmakers had urged voters to remain in the 28-member bloc, where over … [Read more...]
Britain’s automotive industry is booming
The automotive industry is firmly anchored in Britain and economics and efficiency will not see it bolt to the continent as Britain negotiates its exit from the EU. Vehicle manufacturers were well on the road to recovery after the slump of 2009 and many were now heading towards record production while efficiency levels are the best in Europe. Some car … [Read more...]
Niche job site for automotive recruiters
BEN, the not-for-profit organisation dedicated to supporting those working in the automotive industry, has launched a new recruitment website designed to give automotive recruiters a niche job board exclusively for the industry. This new partnership initiative is part of BEN’s ongoing strategy to be an integral part of the automotive sector and ensure … [Read more...]
True cost of crashes for businesses
Transport industry fleet managers were gathered together by road safety charity IAM RoadSmart to learn more about the true costs of business-related road crashes – and were shocked to discover the impact these collisions could have on their profits. Representatives from blue-chip companies including Cannon Hygiene and Pest Control, Belron UK and the … [Read more...]
Buyers are more mobile savvy than ever
The move towards car buyers using mobile devices to access dealer web-sites is continuing at a pace, according to new figures from Wales-based iVendi. They show that last month, 64% of all visits logged through the iVendi Platform’s consumer areas were by smartphone or tablet, compared to 37% via a laptop or desktop PC. This has increased from a 60%/40% … [Read more...]
Tradelines 24 August
Welsh Government is halving support it offers to firms for youth job creation. Jobs Growth Wales did offer 100% subsidy for firms to employ people aged between 16-24, but its now halved that and says it is part of a readjustment of activities to merge Jobs Growth Wales, ReAct and Traineeships. The RAC will take legal action to stop unaccredited garages … [Read more...]
Newslines 22 August
The Aston Martin Vanquish Zagato Volante convertible will be built, but only 99 cars will be assembled. It echoes design elements from the 1960 DB4 and updated in the Vulcan, and all have been sold before deliveries begin next year. A very special Jaguar E-Type which starred in the BBC’s famous comedy series, Only Fools and Horses, will be … [Read more...]
Range Rover Sport gets twin-turbo engine
Land Rover is introducing its most efficient ever Range Rover Sport. For 2017, the latest Range Rover Sport features an efficient Ingenium powertrain, upgraded infotainment system with connectivity and wifi capability, innovative new semi-autonomous driving connected technologies and greater scope for personalisation. At 2017 Model Year, Range Rover … [Read more...]
Newslines 20 August
Admiral Insurance, which has offices in Cardiff, Newport and Swansea, said profits rose to £193m for the six months to 30 June. Its highest ever interim results represent a 4% rise in pre-tax profits. Road Safety professionals across Europe are counting down to the first Project EDWARD (European day Without A Road Death) on Wednesday 21 September … [Read more...]
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