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...]
168,000 automotive jobs under threat say SMMT
One in six jobs are at risk of redundancy without help from the government in restarting production of the automotive sectors, said the Society of Motor Manufacturers and Traders. The SMMT wants emergency funding, permanent short-time working, business rate holidays, and VAT cuts to stem the flow of job losses as showroom reopen and production lines are … [Read more...]
White Dove Suzuki opens in Cardiff
One of South Wales’ longest established motoring families has a new member. White Dove Motor Group, founded in 1961, has added the Suzuki franchise to its current portfolio of SEAT and Skoda brands. White Dove Suzuki has invested over £1,000,000 in their new four-acre premises at Hadfield Road - Bessemer Close, Cardiff, Leckwith, created ten jobs in their … [Read more...]
Breaking news: Welsh dealers get green light to reopen
Welsh car dealerships can re-open for business after the weekend. First Minister Mark Drakeford will this morning announce non-essential retail businesses in Wales will be able to open from monday if they can take all reasonable measures to comply with the 2 metre physical distancing duty in Welsh law. The change is at the heart of a comprehensive … [Read more...]
Bentley cut jobs and JLR get massive Chinese loan
Bentley is cutting about 1,000 jobs, a quarter of its workforce at Crewe, due to a fall in sales for the 101 year old company. It had increased sales last year by 5% to 11,000 models but the pandemic fallout hit them hard and now it’s preparing to offer voluntary redundancy to many before making redundancies. Jaguar Land Rover has entered into agreements … [Read more...]
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