Total 2017 global light vehicle sales will reach 93.5 million units, a growth rate of 1.5 percent over 2016, according to the most recent forecast from IHS Markit, a world leader in critical information, analytics and solutions. However, industry risk in mature markets is at the highest level it has been since the Lehman Brothers collapse and global … [Read more...]
Newslines 24 February
The UK automotive sector demonstrated its commitment to developing the latest low emission vehicles during a special display in London yesterday. Set against the backdrop of London’s Tower Bridge, 26 vehicles from 16 different brands underlined the diversity and appeal of alternatively fuelled vehicles now on sale across the UK, where there are currently … [Read more...]
Diesel can still play a useful role
Diesel still has an important role to play for many fleets despite calls for a scrappage scheme designed to improve air quality by removing older vehicles, says Arval. The vehicle leasing and fleet management company believes that such initiatives can be very effective in removing old and inefficient vehicles, but there is a risk that all diesel vehicles … [Read more...]
Newslines 21 February: Vauxhall pensions mountain
The pensions deficit at Vauxhall stands at about £1 Billion, Reuters has been told. Peugeot is considering taking over GM's European divisions Vauxhall and Opel, and many multinational companies including Tata Steel have had to deal with increased pension spending, and it could be a factor which influences Peugeot in where to make any possible cuts … [Read more...]
UK concerns over Vauxhall plants
Britain has contacted the president of General Motors to express concerns after the American firm opened talks to sell its European operations, including the Vauxhall plants in England, to France's PSA Group. The Department for Business said the government remained in close contact with GM and was monitoring the situation after the two companies said on … [Read more...]
Tradelines 15 February
Mitsubishi has named its all-new SUV “Mitsubishi Eclipse Cross” before it appears next month at the Geneva motor show. As befits its sharp, coupé-like contours, the Eclipse Cross name references the Eclipse sports car which amassed more than 1.4 million sales, mainly in North America between 1989 and 2012, while also referring to the cross-functional SUV … [Read more...]
Profits pushed back at JLR by rising spending
India's Tata Motors reported a 96 percent fall in net profit for its third quarter, citing sharply lower earnings at its British luxury carmaker Jaguar Land Rover and losses in its domestic business. Consolidated net profit for the three months to Dec. 31 fell to 1.12 billion rupees from 29.53 billion a year earlier, the company said on Tuesday. Total … [Read more...]
Vauxhall face PSA merger deal to cut costs for firms
Vauxhall is facing the prospect of a merger with French vehicle maker PSA Peugeot Citroen. The British company’s parent and co-owner of Opel, General Motors, wants to divest itself of its two European operations. Vauxhall Opel and PSA have for five years collaborated on SUV and LCV projects but now their tie up could become more extensive and would … [Read more...]
Ex-VW head refuses public testimony over emissions, media reports
Ex-Volkswagen Chairman Ferdinand Piech resigned after a showdown with former CEO Martin Winterkorn and has refused to testify to German lawmakers investigating a possible government role in the VW emissions scandal, according to his lawyer. Piech, also VW's former CEO who spearheaded the automaker's global expansion, gave testimony to lawyers of U.S. law … [Read more...]
Briefly 14 February
The T9 bus service linking Cardiff with Cardiff Airport has experienced its best year on record, suggest figures by Welsh Government. Quarterly figures up to September 2016 show an average of over 13,200 passengers a month used the service in the last year, with month on month growth every month since June 2014. Plans for a new off-road 4x4 in the … [Read more...]
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