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...]
French tell Renault “home” build for state aid
The French government has told Renault it must keep home plants operating as a condition of receiving €5 Billion state aid. France wants it to remain the group’s global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday. Speaking in the Senate, he said the government was particularly concerned … [Read more...]
Sunday drive: On the road & in the news 10 May
I’m still keeping calm and carrying on sifting through the latest automotive news items and press releases pinging into my Inbox, writes David Miles. Whilst the COVIC-19 news is not good there are some brighter worthwhile snippets of information worth passing on. New life goes on - Toyota Corolla proves reliant for Robins We motoring journalists during … [Read more...]
Sunday drive: On the road and in the news 26 April
As the COVID-19 lock-down continues for another three weeks at least the motoring world needs to carry on, as does our service to supply interesting news items you may have overlooked. Here are a few I have selected for this week’s news briefing. Still ‘Moving the Metal’ via on-line virtual showrooms Numerous car brands are now operating virtual … [Read more...]
Tradelines 15 April
Ford is preparing for a $600M loss in the first three months of 2020 due to sales slowdown in the shadow of the global coronavirus. It’s already secured credit facilities and has a $30B reserve to cover most eventualities. New service and maintenance procedures at Arval UK have been adapted in a matter of days to keep essential fleets available 24/7 during … [Read more...]
Tradelines 26 February
The new DBX SUV has been given the Q-treatment of bespoke luxuries and features by Aston Martin. The Welsh-made luxury car will be shown in its latest Q-code design at next week’s Geneva motor show. Volkswagen's adding a range-topping premium model to its flagship Touareg line – the Touareg R. The versatile model’s 340 kW (462 PS) plug-in hybrid drive … [Read more...]
Newslines 21 February
SsangYong Motors UK will support the world’s premier three-day equestrian event, Badminton Horse Trials, from Wednesday 6 to Sunday 10 May, 2020, after Mitsubishi withdrew their 28 years backing for the event. Its vehicle provision at Badminton Horse Trials will commence this year, illustrating the perfect synergy between SsangYong Motors and the Trials, … [Read more...]
Ghosn’s home but not alone
Ousted and jailed Nissan boss Carlos Ghosn has fled to his Lebanon home country after escaping from Japan. He has spent over a year in custody, latterly in a private house under surveillance, before making his getaway, reportedly hidden in a harp or double-bass instrument case and aboard a private jet. Although his three passports were held in Japan, he was … [Read more...]
Best selling used-cars surprises
Hyundai Tucson is the fastest-selling used car of 2019, while Ford and Vauxhall models dominate the best-selling list, reveals analysis by AA Cars used cars website. The Hyundai Tucson has repeated its success from 2018, with the model spending the shortest time on the site, compared to other car models, before being snapped up by speedy … [Read more...]
EV values are sparking
Used electric cars are bucking industry trends by appreciating — rather than depreciating — in value, according to the UK’s fastest-growing automotive shopping site, CarGurus. Every day, CarGurus analyses millions of data points on hundreds of thousands of UK used car listings to calculate each car’s Instant Market Value (IMV) or fair retail price. Using … [Read more...]
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