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 last year fell to its lowest level since … [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 instructor and adults are welcome to sample … [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 of more than 4 million motor vehicles to … [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, Tracker, is sharing tips to help first-time … [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 retained to support customers with parts and … [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 automotive supply chain is even more … [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 report shows the struggling car maker’s … [Read more...]