Car dealers are having to battle increased levels of fraud and attempted fraud to go with a number of other challenges currently facing the motor trade. That is according to the latest Forecourt Foresight report from Close Brothers Motor Finance which found that one in five automotive retailers have fallen victim to fraud and a further 31% of dealers have … [Read more...]
Automotive world is at a cross-roads, says Europe’s car chief
In an industry so fundamentally globalised, it is no exaggeration to say that the automotive world is standing at a crossroads, says Sigrid de Vries, director general of Europe's car makers' body. Tariff tensions between Europe, the United States and China, supply chain disruptions, and intensifying competition are reshaping global dynamics.And it’s clear … [Read more...]
€458m fines for 15 car makers over scrappage cartel
The European Union has imposed fines totalling €458m on fifteen car manufacturers for participating in a cartel that affected the recycling of end-of-life vehicles. Volkswagen received the largest fine at €127.69m, followed by Stellantis including Opel at €99.5m, Renault-Nissan at €81.46m, and Ford at €41.46m. The EU also fined the European Automobiles … [Read more...]
Europe slows down on drive to zero emissions
The EU has applied brakes to its proposed emissions tightening in the face of lobbying by car makers. But the decision has been criticised by environmental group T&E who say "green-car" sales were improving and moving towards the production limits dictated by the lawmakers. The delay to EU car climate rules mark the final concession to European … [Read more...]
Newslines 25 March
Jaguar is preparing to launch the first of three new cars at the end of this year and stablemate Land Rover is said to be preparing to show a new electric Range Rover about the same time. Global Data.com has reported production numbers might be low for the Jaguar to maintain exclusivity but the market might also consider them too expensive and future LR … [Read more...]
Car makers facing cross-roads of challenges
The European automotive sector is at a cross-roads facing mounting pressure from regulatory CO2 targets this year and grappling with declining global competitiveness. At the first of the Strategic Dialogue thematic sessions dedicated to infrastructure and demand, European vehicle manufacturers and suppliers addressed shared concerns and outlined feasible … [Read more...]
Newslines 24 January
Responding to the announcement from the Secretary of State for Wales Jo Stevens that rail is her “number one priority for Wales” for the Spending Review, Logistics UK Senior Policy Advisor – Rail, Ellis Shelton welcomed her commitment to the sector but is adamant that the needs of rail freight must be considered alongside those of passenger services. “While … [Read more...]
Crisis looms for automotive sector in Europe, says ACEA head
In a letter to EU leaders, the newly appointed European Automobile Manufacturers’ Association President, Ola Källenius, outlined automotive sector priorities to ensure future competitiveness and drive decarbonisation. A thriving European automotive industry is essential for driving economic growth and competitiveness. The industry faces … [Read more...]
Newslines 24 December
UK car production fell 30.1% in November, the ninth consecutive month of decline, according to the Society of Motor Manufacturers and Traders. Just 64,216 cars rolled off factory lines, 27,711 fewer than in November last year, due to a combination of factors, including strategic product decisions, weakness in key global markets, calendarisation and the … [Read more...]
Newslines 29 November
Rail passengers across the South Wales Metro can now access a new Pay As You Go system. Transport for Wales is the first train operator outside of London and the South East of England to introduce tap and catch paying system at 95 stations including all Valleys lines and on routes to Bridgend, Maesteg, the Vale of Glamorgan, Abergavenny and … [Read more...]
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