Since the EU imposed sanctions on Russia, there has been a redrawing of the global oil map, according to a new study . Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. Transport & Environment (T&E), who carried out the study, says the EU is missing a historic opportunity to cut oil consumption and reduce the continent’s … [Read more...]
Supermarkets cashing in during crisis, says RAC
Following news that lower fuel prices helped reduce inflation last month new RAC analysis has revealed supermarket margins on petrol and diesel have more than doubled since Russia invaded Ukraine. Prior to the start of the war in Ukraine the big four supermarkets, which dominate UK fuel retailing, were making a margin of just under 5p (4.7p) a litre on fuel – 3.7p for petrol and 5.7p for diesel. … [Read more...]
Tradelines 18 May
The entire Audi range has been refreshed and given new colours for orders placed after 23 May. District Green, Ascari Blue, Chronos Grey and Dew Silver have been created with Audi Exclusive matt finishes Floret Silver matt and Daytona Grey matt newly available for RS Q3 and TT RS models and standalone Audi Exclusive paint finishes are reinstated as options for Q2, A3, Q3, A4, A5, Q5, A6, A7, Q7, … [Read more...]
Car-parts makers face unprecedented change
The speed of change for the automotive industry is accelerating and also diversifying, according to the latest analysis by the car maker's component suppliers body. The results of the latest CLEPA Pulse Check survey reflect the expectations of automotive suppliers and provides an outlook into an increasingly volatile business environment, with the Russia-Ukraine crisis exacerbating an already … [Read more...]
Welsh Tories call for fuel duty cut
The Welsh Conservatives are today calling on the Chancellor to cut fuel duty in this week’s Spring Statement to help families with the cost of living amid increasing diesel and petrol prices. Wales’ Shadow Finance Minister has said cutting prices at the pump will help people keep more of their money, allowing them to save more for other essential expenditure. It will also help boost the economy … [Read more...]
Newslines 11 March
With Europe's first all-electric bus and transporter range, Volkswagen is providing yet another solution to sustainable and CO2-free mobility. The ID. Buzz looks like the historic campervans but there the similarity ends as the futuristic model comes with the latest ID. software and sets new standards in its segment with the latest systems and functions for safety, comfort and charging taking up … [Read more...]
Motorsport bodies ban Russia and Belarus from competitions
Russian and Belarus competitors, teams and officials will be suspended from motor sport events in Britain in the wake of the Ukraine invasion. Welsh-born David Richards CBE, Chair of Motorsport UK, along with the Board of the organisation, have considered the appropriate response to the ongoing acts of war and aggression conducted in Ukraine by Russia and Belarus. Richards said, “The entire … [Read more...]
Cyber attack warning to bolster defences
Automotive, engineering, technical businesses and financial institutions have been warned by the National Cyber Security Centre to tighten up their security on-line. Following Russia’s further violation of Ukraine’s territorial integrity, the National Cyber Security Centre has called on organisations in the UK to bolster their online defences. The NCSC – which is a part of GCHQ – has urged … [Read more...]
RAC warning on pump prices rising
Petrol could rise to £1.60 a litre and diesel even more, the RAC has warned after Russia’s Ukrainian invasion. Any increase will affect commuters thinking of returning to offices as they face higher energy costs. RAC fuel spokesman Simon Williams said, “Both petrol and diesel reached new record levels. Unleaded is nearly 149.5p a litre and diesel almost 153p. “Russia’s actions will now push … [Read more...]
Tradelines 23 February
Innovation Automotive, the UK’s first multi-brand electric vehicle company, has partnered with the AA as part of its commitment to offer comprehensive support to its customers. The AA partnership provides DFSK EC35 electric compact panel van owners a complimentary three-year roadside assistance package adding to the peace of mind already afforded by the vehicle’s impressive five-year/75,000-mile … [Read more...]