Aston Martin is extending by a week production stoppages at its St Athan DBX plant until 27 April.
Production will be suspended from today when it planned to restart because of the current global and local position concerning suppliers and employees, Aston Martin confirmed and Britain’s biggest automaker, Jaguar Land Rover, has not set a date for restarting while Nissan said that the production suspension at its Sunderland in will “continue throughout April.”
Honda Motor Europe is expanding its battery recycling partnership with Société Nouvelle d’Affinage des Métaux to advance the sustainable usability of its end-of-life traction batteries.
The pan-European arrangement will see SNAM collect and recycle batteries from Honda’s increasing number of hybrid and electric vehicles and either potentially prepare them for ‘second-life’ renewable energy storage uses or extract valuable materials for recycling if they are not suitable for that purpose.
The Financial Conduct Authority said it expects car leasing firms to provide a three-month payment freeze to customers who are having temporary difficulties meeting payments due to the coronavirus.
“If customers are experiencing temporary financial difficulties due to coronavirus, firms should not take steps to end the agreement or repossess the vehicle,” the FCA said in a statement.
TVS Motor has bought 122 year old Norton Motorcycles for £16 million.
The iconic British brand Norton slid into administration in February after selling just 128 motorcycles last year and it was rescued by India’s TVS, the fifth largest motorcycles company in the World and third biggest in its home country.
The British Motorcycles Market fell 25% in March and ended the Q1 with 23.837 sales (-12.2%).
The industry will fall in Q2 by over 65% but the decline is anticipated to slow and the 2020 full year will end around 70.000 units (-34.6%).
Groupe Renault UK has revealed three new online services which makes the new car buying process easier and more convenient than ever before.
The trio of tools mean that potential customers can still browse and go through the entire purchase process at a time when they are unable to visit their dealership, and beyond in a new Virtual Showroom platform, which allows customers to be guided around selected Renault and Dacia vehicles from the comfort of their own sofa.
Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, according to company filings and reported by Reuters.
Mercedes is already a shareholder and Wolff’s share is very small and a personal investment unrelated to the German car maker’s involvement.