The Government must make lenders move faster to access the special loan scheme or businesses will fail, says the FTA. On 2 April, Chancellor Rishi Sunak MP announced changes to the government’s Corona Business Interruption Loan Scheme, vowing to take “all action necessary” to make sure government backed loans were benefitting businesses as planned. But … [Read more...]
Retail
Anniversary edition of Mazda MX-5 roadster
As the world’s best-selling two-seater roadster enters its fourth decade on sale, Mazda UK has revealed the R-Sport special edition. Limited to just 150 examples, this stand-out MX-5 Convertible will feature free-of-charge Polymetal Grey metallic paint and a grey soft-top hood, while 16-inch RAYS gunmetal alloy wheels finish the unique exterior look … [Read more...]
Calls mounting for insurers to repay premiums
British motor insurers should repay all or some of their premiums to customers because of a steep drop in car use and claims due to the coronavirus lockdown, according to a group of lawmakers. The lawmakers said car insurers had reported an almost 50% drop in claims during the lockdown and the British government had said driving was down by 75%, with … [Read more...]
Payment holiday reassurance for vehicle finance
The millions of drivers with car finance deals will be greatly reassured to know the FCA has their back, said James Fairclough, CEO of AA Cars retail arm. “In effect these guidelines mean that anyone who is worried about keeping up with their repayments because their income has been impacted by the Covid crisis will be entitled to a three-month payment … [Read more...]
Sunday drive: On the road and in the news 26 April
As the COVID-19 lock-down continues for another three weeks at least the motoring world needs to carry on, as does our service to supply interesting news items you may have overlooked. Here are a few I have selected for this week’s news briefing. Still ‘Moving the Metal’ via on-line virtual showrooms Numerous car brands are now operating virtual … [Read more...]
Real world emissions show cleanest cars and vans
New real-world data on vehicle emissions will allow revitalisation of an automotive industry and global economy devastated by the COVID-19 outbreak but with cleaner air and reduced impact on climate change. The AIR Index at airindex.com identifies the cleanest cars to give buyers confidence to switch to cleaner vehicles and restore the automotive industry … [Read more...]
AM St Athan begin return to work early next month
Aston Martin’s St Athan factory will begin to return to normal later than initially thought and resume DBX suv production on 5 May. Work at the company’s UK headquarters site in Gaydon will begin later in the month. The majority of its employees are currently furloughed and those who continue to be laid off from 1 May will get 80% of their base salaries … [Read more...]
Fuel prices rip off claim
Motorists are being ripped off by petrol companies,claims the AA has which says falling oil prices are not being reflected on forecourts. The motoring group calculates drivers are overcharged by more than £5 a tank. "Questions will be asked about the fairness of pump prices during the great oil crash of 2020," the AA said. The RAC has said the same. Bu … [Read more...]
EVs a third cleaner than conventional cars
Environmental group Transport and Environment has developed a tool that compiles all the most up-to-date data on CO2 emissions linked to the use of an electric, diesel or petrol car. It took into account all possible criteria such as the amount of CO2 emitted when electricity is produced or fuel is burnt, as well as the carbon impact of resource extraction … [Read more...]
40M vehicles now used in UK
The number of vehicles registered for use on British roads has surpassed 40 million for the first time, according to the Society of Motor Manufacturers and Traders. The UK’s largest automotive analysis reveals that more than 35 million cars and five million commercial vehicles were in use in the UK in 2019, representing a 1.0% increase on the previous … [Read more...]
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