Aston Martin Lagonda’s Welsh plant will play an increasingly important part in the company’s “reset plan” to boost sales around the world. The luxury car maker has seen a steep collapse in its sports cars sales and introduced new management as it prepares to roll out production of its DBX SUV at St Athan in coming weeks. Today it announced 500 job cuts … [Read more...]
Sunday drive: On the road & in the news 30 May
Although the lockdown measures are easing it will take time for the wheels of society to return to something like normal life, writes David Miles. But from tomorrow, after the bank holiday week, English schools for certain age groups will open where they can and more employees should be returning to work and that includes the motoring industry. So hopefully … [Read more...]
Tradelines 27 May
Around 1,200 jobs are going at McLaren. The group’s applied technology, automotive and racing businesses will be hit, the company said in a statement, as the cancellation of motorsport events, the suspension of manufacturing and retail activities around the world and reduced demand for technology solutions dashed the group’s revenue generating … [Read more...]
French tell Renault “home” build for state aid
The French government has told Renault it must keep home plants operating as a condition of receiving €5 Billion state aid. France wants it to remain the group’s global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday. Speaking in the Senate, he said the government was particularly concerned … [Read more...]
Dealers plea for Government help
Six in ten car dealers want prolonged support with grants and loans from Government. New research from Close Brothers Motor Finance reveals the priorities across the motor industry as they call for further Government support in light of Covid-19. The sector has been hit particularly hard by the UK lockdown, with new car sales plunging 97% year-on-year in … [Read more...]
Car makers move to save extinction
CEOs from across the automotive value chain came together for a meeting with the European Commission to align on the priorities for a solid recovery plan for the automotive sector, with a view to stimulating the wider economy and bolstering the transformation to a carbon-neutral society. CEOs of vehicle manufacturers and component suppliers, as well as … [Read more...]
Your job comes at a premium for insurers
Vanarama has analysed the UK's 100 most common job titles to reveal which occupations are considered most high risk by car insurance companies therefore charged the most for premiums and there are some surprising findings. To do this, they entered the average UK’s drivers details into the UK's largest car comparison website 100 times, changing only the job … [Read more...]
Sunday drive: On the road and in the news 17 May
Another week has gone by and here I am still keeping calm and carrying on despite very mixed messages from our Government about what we can or should do during now it appears slightly relaxed semi lock-down period, says David Miles. But no longer is it the same rules in each of our four domestic countries, so that's really clear. With no sign of new … [Read more...]
Nissan Sunderland future revealed by June
The future of Nissan Sunderland is expected to be outlined at the end of May. The UK plant builds cars for the UK and Europe and the Japanese car maker is preparing a new global production plan which will see a 20% reduction in capacity and that is expected to see it concentrate on the Far East and USA. There was a report this week that it is about to … [Read more...]
Garages welcome furlough proposals
The Chancellor’s update and extension to the furlough scheme allowing businesses to bring staff back to work on a part-time basis is very welcome. said Stuart James, Chief Executive of the Independent Garage Association. The IGA wrote to Chancellor of the Exchequer, Rishi Sunak on 29 April, requesting a partial furlough scheme that would allow employees to … [Read more...]
