Major investment by Caterham owner VT Holdings will increase production capacity by 50% to approximately 750 units per annum. New headquarters will house the production, engineering, motorsport and commercial teams and is due for completion by the end of this year. Volkswagen Commercial Vehicles is celebrating the launch of the new California Surf with a variety of finance offers until Sunday … [Read more...]
New tech puts brakes on longer deals
British drivers are pulling back from long leases as technology improves. A third of British motorists (32%) said they are far less likely to replace their existing car by committing to a three-year lease than they were 12 months ago. Mobility provider SOGO researched attitudes towards personal financial commitments and car ownership. The Society of Motor Manufacturers and Traders said around … [Read more...]
EVs too expensive for most buyers this decade
Mass adoption of battery electric vehicles is unlikely to happen by 2030, according to insurance comparison site GoCompare. Based on the current rate, EV uptake will increase over the decade, but the battery technology needed for mass adoption will not be available at an affordable price point. Lower-cost electric vehicles are set to reach a real-world range of 300 miles per charge within the … [Read more...]