Tens of thousands of more jobs are likely to disappear from the UK automotive sector before the end of the year, writes Robin Roberts. Some 11,349 jobs so far axed following lockdown will grow and despite this week’s 11% rise in new car registrations the outlook is bleak. That’s because the first upturn in showroom sales came at the end of … [Read more...]
New car sales rise in hoped for lift to market
Pent up demand after lockdown eased is thought to have driven a rise in new car registrations last month. Figures from the Society for Motor Manufacturers and Traders due to be released later this morning are expected to show an 11% rise compared with the same month in 2019. December saw the last increase but it was a blip after a year of decline. The new … [Read more...]
Newslines 31 July
The cost of insuring a car has decreased by £80 over the past six months, according to new data from comparethemarket.com. It now costs an average of £1,182 to insure a car for those aged between 17-24 and while premiums have historically fluctuated throughout the year, average premiums remain significantly lower than the same time last year and are now at … [Read more...]
End of the road for Mitsubishi cars in UK
Mitsubishi cars will stop being sold in the UK and Europe. Importers Colt Cars, of Cirencester has written to over 100 UK franchise dealers saying the news was unexpected from Japan and meant no new generation models would be coming through the system but they can sell current models. Colt Cars is working to ensure as many retailers as possible are … [Read more...]
Ford secure loan guarantees for Dagenham engine plant
As Ford prepare to close their Bridgend Engine Plant this year with the loss of about 1,200 jobs, the company has secured a UK Government underwritten £500M loan to support its Dagenham engine plant. The guarantee covers 80 percent of a £625M loan from commercial banks to support the automaker’s substantial exports of engines and transmissions from … [Read more...]
Motor industry disappointed with summer statement
Announcements to safeguard jobs and encourage consumer spending in some parts of the economy are welcome but it’s bitterly disappointing the Chancellor has stopped short of supporting the restart of one of the UK’s most important employers and a driver of growth, said Mike Hawes, SMMT Chief Executive. "The automotive sector has been particularly hard hit, … [Read more...]
Use levy to boost driving and other skills as priority
The Freight sector wants Government funds redirected to keep Britain moving after the Coronavirus epidemic eases. With more than 12,000 people losing their jobs in the past week across the UK, and many more redundancies expected as the Coronavirus Job Retention Scheme winds down, the business group representing the logistics sector is urging government to … [Read more...]
Cardiff-led consortium win £44m for CS chip cluster
A Cardiff University-led consortium has won a £43.7m bid to develop a Compound Semiconductor powerhouse in South Wales which will help future automotive, communications and transport systems among other industries. Government funding provided through UK Research and Innovation’s flagship Strength in Places Fund will build a world-leading cluster of … [Read more...]
Warning over cutting corners on driver checks
Transport and logistics companies must not cut corners on new staff hurredly engaged to meet demands as a result of a spike in work with the Coronavirus-19 epidemic. With statistics from LinkedIn revealing that delivery drivers and warehouse workers are among the roles that have received the highest number of applications during the Coronavirus lockdown, … [Read more...]
Covid-19 virus impact being felt as time passes
The true impact of the Covid-19 lockdown and loss of new car production is beginning to be appreciated. UK showrooms closed for over 12 weeks but the factories making cars closed for varying periods of time and this contrasted with other parts of the world where the impact was much less. Although the global automotive industry has been hard hit due to … [Read more...]
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