Welsh Government and councils must prioritise supporting Tata Steel Port Talbot and Toyota Deeside, according to a far reaching report prepared for the Welsh Automotive Forum. The report by Ian Henry, head of Autoanalysis, follows similar studies he has carried out for WAF in recent years but his final conclusions have been published against … [Read more...]
Tradelines 19 August
Daimler has reached agreements costing nearly £2.3 Billion to settle civil investigations by US regulators and lawsuits from vehicle owners stemming from a probe into software to cheat diesel emissions tests. The settlements address civil and environmental claims tied to 250,000 U.S. diesel passenger cars and vans and include claims from the … [Read more...]
Newslines 17 August
The Mtsubishi Outlander PHEV is still out-selling every other plug-in hybrid SUV on the market so far in 2020 and second only to a recently-launched premium brand saloon. Despite the massive disruption caused by the coronavirus pandemic and a more competitive plug-in hybrid market than ever before, 2,662 Mitsubishi Outlander PHEVs were registered in 2020 to … [Read more...]
Britishvolt appoint senior team for Welsh super-plant
Britishvolt, the UK’s foremost investor in battery technologies, has announced the appointment of Ray Macera as Project Director for the construction and implementation of Britain’s first battery gigaplant at Bro Tathan, St Athan in the Vale of Glamorgan. Macera, who is reporting directly to Britishvolt CEO, Orral Nadjari, leads one of the largest … [Read more...]
JLR loose bid to protect Defender shape
One of the world's most distinctive shapes, the classic Land Rover Defender, is not unique enough an Appeal Court judge has decided. Jaguar Land Rover sought to get the trademark rights for the shape of the Defender SUV, but it failed and means billionaire Jim Ratcliffe’s Ineos Group can go ahead with the Grenadier off-road vehicle, which he admits was … [Read more...]
Newslines 4 August
Ferrari earnings have skidded because of supply chain and coronavirus pandemic issues. Earnings fell 60% to £111,680,000 in Q2 but the full year sales are expected to dramatically pick up by spring 2021 and be at the lower end of their original forecast or about £30 Billion. Fuel price rises recorded by the RAC this week will wipe out savings from cheaper … [Read more...]
Tradelines 17 June
Over 1,000 temporary contractor jobs are going at JLR as the executive car maker struggles to control losses as a result of the global pandemic hitting sales and it saw a downturn of £501 Million in the first quarter of the year. It has raised its cost cutting target by £1 Billion as it seeks to save £5 Billion by March including slashing capital spending … [Read more...]
Bentley cut jobs and JLR get massive Chinese loan
Bentley is cutting about 1,000 jobs, a quarter of its workforce at Crewe, due to a fall in sales for the 101 year old company. It had increased sales last year by 5% to 11,000 models but the pandemic fallout hit them hard and now it’s preparing to offer voluntary redundancy to many before making redundancies. Jaguar Land Rover has entered into agreements … [Read more...]
Sunday drive: On the road & in the news 30 May
Although the lockdown measures are easing it will take time for the wheels of society to return to something like normal life, writes David Miles. But from tomorrow, after the bank holiday week, English schools for certain age groups will open where they can and more employees should be returning to work and that includes the motoring industry. So hopefully … [Read more...]
Newslines 26 May
British Finance Minister Rishi Sunak will rescue companies seen as strategically important on a “last resort” basis after other options run out. The Treasury told Reuters late on Sunday it may try to save those companies whose failure will “disproportionately harm the economy” and that could include Jaguar Land Rover which has been reported as seeking … [Read more...]
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