New car discounts have steadily increased since the beginning of the year as the motor trade struggles to shift stock. Citroën retailers have offered the biggest discounts on new models, with nearly 12% savings since the start of the year, according to exclusive What Car? research. Premium brands, including BMW, Mercedes-Benz and Volvo among those offering … [Read more...]
Newslines 29 September
Ford and VW will deepen their relationship with production and component parts, say Reuters, quoting companies spokesmen. Ford stock has sunk 24% this year and is now trading at a near six-year low as a new CEO Jim Hackett was brought in to make strategic cuts and changes including working more closely with VW in Europe and Mahindra of India. VW has … [Read more...]
Product recalls growing threat to profits and reputation
Product-related risk is one of the biggest perils facing businesses today, with recall exposures having increased significantly over the past decade. This is bringing the potential for larger and more complex losses than ever before, warns insurer Allianz Global Corporate & Specialty in a new report. It highlights the automotive industry as being … [Read more...]
Mental health biggest concern of industry
Mental health issues and concerns are a rising factor when people in the automotive sector turn to industry charity BEN, according to its annual report. While low income and financial problems accounting for almost half of the challenges faced by workers the charity has seen a 78% rise in mental issues. It helped over 3,000 people in the last financial … [Read more...]
