Daimler will cut fixed costs, capital expenditure research and development costs more than 20% by 2025 compared with 2019 levels as part of a strategy overhaul to reposition Mercedes-Benz more upmarket as a luxury brand. The company’s ambition is to achieve a double-digit return on sales margin by doubling sales of Maybach branded cars, and ramping up … [Read more...]
Drive begins to save apprenticeships
The Society of Motor Manufacturers and Traders Charitable Trust Fund has launched the SMMT Apprentice Support Programme, designed to help safeguard the jobs of apprentices currently working within the automotive industry. The scheme comes as the government-funded furlough scheme is poised to end in a month’s time, to be replaced by new measures to … [Read more...]
Key workers and unemployed hit by insurance costs
People unemployed and some ‘key worker’ professions face significantly higher car insurance premiums because of their job or employment status, according to new analysis by comparethemarket. A policy for someone who is unemployed was 40% higher than a comparative policy for an employed person, or 54% higher than an HGV driver which is the cheapest … [Read more...]
Tradelines 30 September
The pure electric Mazda MX-30 will begin at £25,545 for the SE-L Lux when it reaches showrooms next spring. Top model in the five-car series will be the GT Sport Tech at £32,845, after the PIVG allowance. Average car insurance premiums fell by £53 since the start of the lockdown, as many drivers were forced off the road and … [Read more...]
Ford Bridgend plant closure and its Welsh legacy
Ford Bridgend Engine Plant closes down today after 40 years but its legacy is being set out for the future. Ford has been part of Bridgend and a major contributor to the Welsh economy and automotive industry for over 40 years so the full impact of the company’s decision to leave the town will be felt throughout the local economy and community for a long … [Read more...]
Newslines 27 August
About 400 jobs are going at the MINI plant, Cowley, Oxford. The company said it’s halving its contracting force following a slump in demand for the models in the coronavirus lockdown. Learners have to contend with another collapse of the DVSA on-line driving test booking system. It failed within hours of being restarted after the lockdown and then again … [Read more...]
Tradelines 26 August
China's Nio car company, which mostly makes crossover electric models from US design and engineering centres' input, plans to launch its range in Europe in 2021. The company is also heavily involved in battery to grid systems to maximise income and technology. McLaren Automotive will introduce a new, flexible, lightweight vehicle tub for its next … [Read more...]
A plan for saving automotive jobs in Wales
Welsh Government and councils must prioritise supporting Tata Steel Port Talbot and Toyota Deeside, according to a far reaching report prepared for the Welsh Automotive Forum. The report by Ian Henry, head of Autoanalysis, follows similar studies he has carried out for WAF in recent years but his final conclusions have been published against … [Read more...]
Britishvolt appoint senior team for Welsh super-plant
Britishvolt, the UK’s foremost investor in battery technologies, has announced the appointment of Ray Macera as Project Director for the construction and implementation of Britain’s first battery gigaplant at Bro Tathan, St Athan in the Vale of Glamorgan. Macera, who is reporting directly to Britishvolt CEO, Orral Nadjari, leads one of the largest … [Read more...]
Skills shortage warning
A combination of the lockdown restrictions over the past six months, a 'baby boom' in 2003/4 and a decline in registered driving instructors means the UK could fall into a national shortage of driving instructors in the latter half of 2020, with the problem only predicted to continue and grow. Learner driver insurers, Marmalade has studied the data and … [Read more...]
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