In an industry so fundamentally globalised, it is no exaggeration to say that the automotive world is standing at a crossroads, says Sigrid de Vries, director general of Europe's car makers' body. Tariff tensions between Europe, the United States and China, supply chain disruptions, and intensifying competition are reshaping global dynamics.And it’s clear … [Read more...]
Troubling tariffs & boosting charging network
US tariffs are damaging to UK car producers. The UK body responsible for car sales, the Society of Motor Manufacturers and Traders ceo Mike Hawes had this to say about the US tariffs, "The announced imposition of a 10% tariff on all UK products exported to the US, whilst less than other major economies, is another deeply disappointing and potentially … [Read more...]
Brands’ boycott looming after tariffs take hold
A majority of Brits say they will boycott brands from a country imposing tariffs on UK models. Almost six out of 10 people (59%) say they are less likely to buy a car from a country imposing tariffs on UK-made models. While the UK imports comparatively low numbers of US made models, there could be reaction to brands with US links, such as Tesla (shown … [Read more...]
Action plan call for saving automotive jobs
European politicians and car components makers are worried about developments in the automotive industry and agreed to establish an action plan to save jobs and businesses. This dialogue is a critical step in addressing key challenges for the sector's immediate future, CLEPA said in a statement. “Suppliers announced the loss of 54,000 jobs in 2024. More … [Read more...]
Newslines 4 February
New import tariffs imposed by the US Trump administration are due today. They include 25% tariffs on goods from Mexico and Canada that would include automotive components and vehicles while goods imported from China would attract a 10% tariff and experts say it could cut US car sales by a million units over 12 months. Motorists are being urged to "love … [Read more...]
Crisis looms for automotive sector in Europe, says ACEA head
In a letter to EU leaders, the newly appointed European Automobile Manufacturers’ Association President, Ola Källenius, outlined automotive sector priorities to ensure future competitiveness and drive decarbonisation. A thriving European automotive industry is essential for driving economic growth and competitiveness. The industry faces … [Read more...]
Call to review EV law in Britain & Europe
The National Franchised Dealers Association is urging the new Labour Government to meet with representatives of the automotive retail sector at the Labour Party Conference and do more to stimulate the market for electric vehicles. The NFDA’s is calling for action in three essential areas to support the industry’s growth and sustainability: 1. Stimulating … [Read more...]
Chinese brands could go to the wall
The newly announced bankruptcy of Chinese car maker Hi Phi shows that fleets must 'tread carefully' when it comes to buying vehicles from the new wave of manufacturers arriving in the UK, said FleetCheck. Peter Golding, managing director at the fleet software specialist, pointed out that the top-end car maker was due to begin sales in Europe this year and … [Read more...]
Retail buyers need help to go electric, say dealers
Grants or loans to support the used electric vehicle market is the number one action dealers would like to see from the new Labour government to encourage private buyers to make the transition from petrol and diesel models. August’s Startline Used Car Tracker shows 56% of traders would back the move - followed by 50% who want cheaper electricity for EV … [Read more...]
British breakthrough in EV battery design
Nyobolt is taking its high-power density, fast-charging battery technology from the lab into the real world by revealing the first running Nyobolt EV prototype. Designed and engineered with CALLUM, the Nyobolt EV will be used to both validate the company’s battery performance in a high-performance environment, as well as allow car makers to witness an … [Read more...]
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