Automotive suppliers’ business sentiment reached an all-time low in the CLEPA McKinsey September 2022 Pulse Check. About 70% of suppliers saw their profitability drop to levels that could already start undermining their ability to invest in R&D, the workforce and new business activities. Three consecutive years of crisis have eroded the financial health of around one in two suppliers. … [Read more...]
Ford Fiesta is good second hand buy if you’re careful
After 47 years, Ford has announced it will stop manufacturing its iconic Fiesta model in June 2023 despite being Britain’s most-owned car and the most desirable for new drivers. That’s because the company is focused on its electric future and meeting the demand for its SUV models. The Fiesta is also a firm favourite among first-time drivers, thanks to its cost efficiency, compact size and easy … [Read more...]
Newslines 28 November
Government plans that could see novice drivers being allowed to automatically drive lorries have been condemned by the UK’s leading independent road safety charity, IAM RoadSmart. A recent government consultation suggested that drivers who possess a category B car licence should be instantly entitled to a category C1 licence, which allows motorists to drive vehicles weighing up to 7.5 tonnes … [Read more...]
Tradelines 23 November
Heading towards the first Lamborghini super sports ‘all terrain’ unveiling at Art Basel in Miami Beach, Automobili Lamborghini celebrates the Huracán Sterrato that arrives on the market in 2023. Conceived, designed and engineered to explore any terrain, the Sterrato is the forerunner of Lamborghini’s ‘Driving Humans Beyond’ concept: visionary working towards new horizons and inspiring new … [Read more...]
Newslines 22 November
Chinese car makers have Europe in their sights with highly specified, lower priced cars which come with the highest safety ratings as well such as the NIO ET7. Matthew Avery, director at Thatcham Research, a British car research centre funded by insurers and a Euro NCAP board member said the latest testing regimes had given top awards to a handful of Chinese makers looking to enter Europe … [Read more...]
After the hard winter, more chilling news to come
A massive hike in fuel duties is on the cards next spring after a particularly tough winter of rising costs, said the RAC. RAC head of roads policy Nicholas Lyes said, “As things stand, drivers will face an enormous hike in the cost of fuel next Spring due to fuel duty going up. “The Office of Budget Responsibility expects to see 12p added to a litre of fuel, as a result of the current 5p duty … [Read more...]
New car sales lifting at last
There are signs that the components supply problems may be easing for car makers and getting more models to dealerships after a boost in October registrations. Registrations among Welsh dealers rose 24.25% to hit 4,903. "The increase in new vehicle sales in October demonstrates the resilience of franchised dealers and their ability to find the right deal for their customers and the … [Read more...]
Newslines 2 November
Aston Martin expect to sell 10,000 cars, generate £2 billion in revenue and post £500m in pre-tax earnings by 2024/2025 and it anticipates that volumes will increase significantly from Q4 of 2022 helped by orders from the Welsh-made DBX707. The optimistic forecast comes after the three months to the end of September, showed Aston sold 1384 cars – up 3% on the same quarter last year – and … [Read more...]
End of the ICE age in 2035
Car makers have agreed to end petrol and diesel engine production throughout Europe by 2035. But they say tough emissions targets can be met only if there is a concerted Governments’ drive to strengthen the vehicle recharging network. Following the EU deal on CO2 targets for cars and vans, the European Automobile Manufacturers’ Association urged European policy makers to shift into higher gear … [Read more...]
Newslines 31 October
S&P Global Ratings calculates it will be two years before the global car market picks up and blames weakening demand despite supply chain issues easing. The credit rating agency said worldwide car sales were likely to be flat this year, with Europe performing the worst of all regions and it’ll be late 2024 at the earliest before sales even get near 2019’s level of 90m. Volkswagen is holding … [Read more...]
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