Britain’s exit from the EU raises questions on the competitiveness of UK auto manufacturing in the long run given the intertwined nature of both the outbound and inbound logistics supporting the UK automotive industry. With the UK triggering Article 50, IHS Markit Supplier Solutions team has completed an assessment of the impact on OEM sourcing … [Read more...]
Majority business motorists thinking of EVs
Venson Automotive Solutions says 85% of motorists would now consider buying an electric vehicle or choosing one as their company car. However, concern over a lack of charging points is a significant ownership hurdle for those surveyed (69%). People living in the South East of England (88%) were more concerned about the availability of charging points … [Read more...]
Fiat emissions probe intensifies as VW payout
German investigators say they have found a new "defeat device" in a Fiat car during emissions tests. The ministry declined to give details but said it would send the results to the European Commission, which has reviewed a previous emissions case involving Fiat. Fiat has always denied its cars were equipped with an illegal emissions test cheating … [Read more...]
Aston Martin refinancing to fund exciting new models
Aston Martin is refinancing its investments as a new model programme rolls out with the new plant in South Wales coming on stream over the next two years. The luxury car-maker needs to refinance almost $600 M in debt coming due next year and it's seeking to replace it with £ 530 M in new dollar and sterling-denominated bonds. Research firm CreditSights … [Read more...]
Future vehicles will be life-changing, says industry
Connected and autonomous vehicles will transform the lives of six out of every 10 people in the UK, according to the Society of Motor Manufacturers and Traders. Connected and Autonomous Vehicles: Revolutionising Mobility in Society, the first UK-based study of the human impact of CAVs, canvassed the views of more than 3,600 respondents and found that … [Read more...]
Trade body backs hydrogen plans for UK
A British trade body has welcomed moves to expand the availability of ultra-low emission hydrogen powered vehicles on UK roads. The British Compressed Gases Association says two separate developments unveiled last week will help address a significant barrier currently restricting their entry. Despite the success of Hydrogen Fuel Cell Electric Vehicles … [Read more...]
Newslines 27 March
The upcoming McLaren three-seater supercar will cost £2M when it goes on sale in two years. Just 106 will be built, the same number as the original three-seater F1 road car, and they’re already sold to existing McLaren owners who put down five-figure deposit, reports Nick Gibbs of Automotive News Europe. German environmental group Deutsche Umwelthilfe … [Read more...]
Drivers are ditching diesels for hybrids and electric models
UK drivers are slowly falling out of love with diesel cars as research shows a significant drop in buying intentions in the past three years. Meanwhile, the appetite for hybrid and electric vehicles has doubled since 2014, according to AA Cars, the used car website. The desire for diesels amongst UK drivers has fallen – last year, under two in ten … [Read more...]
MPs raise compensation issue with VW in UK
Influential MPs have written to Volkswagen Group for answers over its diesel-emissions scandal, after criticising the firm for earlier responses. Paul Willis, the brand's UK boss, has appeared before several British parliamentary committees since September 2015 when the firm admitted to using software to cheat diesel-emissions tests in the … [Read more...]
Newslines 24 March
Double-digit growth in demand for British-built cars last month helped deliver the biggest February for UK car production in 17 years, said the SMMT. UK production lines turned out one car every 16 seconds in the month, with total output of 153,041 up 8.0%, as exports grew 13.4% to 118,898 units. The performance helped to drive overall year-to-date … [Read more...]
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