Product-related risk is one of the biggest perils facing businesses today, with recall exposures having increased significantly over the past decade. This is bringing the potential for larger and more complex losses than ever before, warns insurer Allianz Global Corporate & Specialty in a new report. It highlights the automotive industry as being … [Read more...]
Retail
Car makers and EU agree new type approval system
The European Automobile Manufacturers’ Association has welcomed the fact that the European Parliament, EU member states and the European Commission reached a final agreement on a reformed system for approving vehicles before they are placed on the EU market - ‘type approval’. Under this agreement, member states will have to carry out checks on vehicles … [Read more...]
Car dealers warned over money laundering
Car dealers are likely to be facing questions and fines from HMRC if they fail to research big spending buyers. Failure to properly investigate the purchase of luxury cars can land them in serious trouble under money laundering and profits of crime laws, says analytics specialist Fortytwo Data. HMRC is concerned that not all dealers are carrying out … [Read more...]
Freight body tells MPs of Brexit concerns
The Freight Transport Association has warned the EU not to underestimate the massive challenge member states face when preparing their own borders for Brexit, along with the risk of long delays and disruption at European ferry ports. FTA’s Deputy Chief Executive, James Hookham gave evidence to the European Parliament Committee on Transport and Tourism as … [Read more...]
Ford hold up best in Wales
Welsh dealers faired better than the UK average in a month of falling sales. Figures released yesterday by the car makers showed an 11.2% dip, mainly due to Scottish registrations and diesel orders collapsing, but in Wales the decline was just over 10% and it was the only part of the UK where Ford held onto the top two spots with Fiesta and Focus. In … [Read more...]
Diesel sales collapsing in UK – AFVs rising
Diesel sales have collapsed 30% in Britain as the new car market contracted by over 11% last month, said the car-makers’ body. The Society of Motor Manufacturers and Traders reported a rise to over 33% for alternatively fuelled vehicles and a 5% increase in petrol engined models. The big switch from diesel to alternative fuel led by business users … [Read more...]
Santa delivers electric message next week
Santa is coming to Cardiff next week in his new electric sleigh. He will test drive his new Renault Zoe electric sleigh around Cardiff on 5 December and needs the help of locals to move him around the city via social media. He will deliver free gifts to those who tweet #SantaGoesElectric to @RenaultRetailUK while he is in the city and wants to see how … [Read more...]
IMI call for Government to boost EV technicians training
The government has been urged to invest in those who will work on electric cars as well as the charging infrastructure which was given a boost in the Autumn Budget. Steve Nash, CEO of IMI, said, “The IMI welcomes that £400m is being allocated to build the electric vehicle charging infrastructure. “This is great news and puts the UK on a strong path for … [Read more...]
JLR models recall
The instrument screen on some new Jaguar and Range Rover models may go blank. It was identified in America, where Jaguar Land Rover is recalling 7,000 2017-2018 Jaguar XF and F-Pace, 2016-2017 Jaguar XJ and 2018 Jaguar XE vehicles. It also affects nearly 22,000 Range Rover and Range Rover Sport models sold this year. In the UK it means about 6,800 … [Read more...]
Budget blow will hit virtually all diesel buyers
A row is simmering over the Budget announcement for increasing the road tax on diesel vehicles which cannot meet the proposed Real Driving Emissions Step 2. The standard has not yet been agreed and does not come into effect until 2020 but the Chancellor Richard Hammond said new cars which do not meet it by April will cost their owners more. He will … [Read more...]
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