Aston Martin is committed to car making in St Athan. The reassurance about the Vale of Glamorgan plant's future was given by CEO Adrian Hallmark during questions after the luxury car business disclosed its FY24 results with investors this week. Aston Martin has reported a 3% decrease in revenue for the financial year FY2024, totalling £1.58bn ($2bn), down … [Read more...]
Newslines 27 September
Blazing a new trail to one of the most important global automotive markets, the INEOS Grenadier 4X4 has launched in China. The Grenadier’s arrival in China follows the successful introduction of INEOS Automotive in over 40 countries worldwide – including in Mexico last week – and sets a new benchmark for premium 4X4s in the market but French factory … [Read more...]
JLR loses £9M through semi-conductor shortages
Jaguar Land Rover lost £9m in the last three months of 2021 amid the computer chip shortage. Global sales fall 37.6% compared to a year earlier with just 80,126 vehicles delivered in the quarter to the end of December but despite that fall in production the company saw revenue of £4.7bn, up 22% on the previous quarter. UK car production … [Read more...]
Newslines 13 May
For the first time youngsters up to seven years under the legal driving age will be able to take to the wheel of three iconic British-made classic cars. Thanks to the UK’s largest pre-17 driving school, Young Driver, youngsters aged 10 and over can take a spin in a Vauxhall VX490, Morris Minor or Austin 7 with a fully qualified driving … [Read more...]
Pressure mounts to help auto-sector
Leaders of the European Automobile Manufacturers’ Association want EU policy makers and national governments to raise support to the auto sector. It continues to grapple with the fallout of COVID-19 while already at a critical juncture on the road to carbon neutrality. Indeed, the corona crisis has rocked the EU auto industry, leading to production losses … [Read more...]
Classics become contemporary as sales boom
Owning, restoring and driving a classic car is a common dream, but it requires significant investment at every stage – in both time and money. Such desirable, high-value vehicles are inevitably also a common target for professional thieves meeting demand for vintage cars and their parts in the UK and across Europe. Stolen vehicle recovery (SVR) expert, … [Read more...]
End of the road for Mitsubishi cars in UK
Mitsubishi cars will stop being sold in the UK and Europe. Importers Colt Cars, of Cirencester has written to over 100 UK franchise dealers saying the news was unexpected from Japan and meant no new generation models would be coming through the system but they can sell current models. Colt Cars is working to ensure as many retailers as possible are … [Read more...]
Warning for motor industry future as Aston Martin take orders
The jobs of at least 1,110,107 Europeans working in automobile manufacturing are affected by factory shutdowns as a result of the COVID-19 crisis, according to data compiled by the European Automobile Manufacturers’ Association. This figure only refers to those people directly employed by car, truck, van and bus manufacturers – the impact on the wider … [Read more...]
Opposition AMs call for Welsh Government investment probe
Welsh Government’s investment strategy has come into question after Aston Martin Lagonda revealed widening losses and slipping sales. The luxury carmaker was enticed to St Athan in the Vale of Glamorgan by the Labour Welsh Government with nearly £20m worth of taxpayer grants in the hope of boosting the South Wales economy. However, today’s financial … [Read more...]
