JLR will go down to a three-day week from October. It has been hit by falling demand, particularly of the diesel engines it has heavily invested in and comprise nearly all UK sales, and hopes to avoid job cuts but is concerned about implications of tariffs and stock holding when the UK leaves the EU next spring. Motorists in north Wales face five weeks … [Read more...]
Newslines 17 September
VW and printer-maker HP are developing the world’s first printed 3D metal parts. GKN is using the system to produce parts for Volkswagen, with an additive process layer by layer and then sintering the component. The unveiled BMW Vision iNEXT concept suggest future luxury models may not be saloons from the company but crossover or SUVs. The pure … [Read more...]
Newslines 11 September
Jaguar Land Rover could be hit by £80 Billion of costs if Britain does not secure a good Brexit deal, said CEO Ralf Speth. Extra costs and parts delays threaten to cut profits by £1.2 Billion annually but slowing sales due to diesel and business fuel taxes are also weighing on the business which reported a £210 Million loss in Q2. Jaguar Land Rover … [Read more...]
Newslines 3 September
In a worrying result as children return to school this week, researchers polled 2,000 mums and dads and found 37 per cent have driven with someone else’s kid as a passenger despite not having a suitable child restraint for them. Fifty-seven per cent admit they don’t tend to lug a child car seat around on the off-chance they might need one for their little … [Read more...]
VW opens books for traders buying online
A new series of online car and van auctions for dealers is being launched by Volkswagen Financial Services UK. Taking place 9am-3pm every other Thursday through epyx’s 1link Disposal Network platform - Sales will be made up of stock unsold through previous online channels and are offered with a competitive start price. Called “Last Chance to Buy” … [Read more...]
Newslines 24 August
As many as 14.4m cars are expected to take to the country’s major roads from today to bank holiday Monday, according to research of drivers’ intentions conducted by the RAC and INRIX. Some 11.2m people plan to get away but another 3.2m say they will are at present undecided as to which day they will be travelling on. With families across the UK keen … [Read more...]
Newslines 20 August
Swiss authorities have banned some Porsche and Mercedes-Benz models with diesel engines which were found to be giving false emissions readings. The order affects 1.6 diesel MB Vitos, 3.0 diesel Macans and 4.2 diesel Cayennes from today, and those already sold must have retrofitted clean up systems even if they meet the new Euro6 tests. VW owners in … [Read more...]
Engineering shortage – in Germany
There is a shortage of engineers, in Germany. Volkswagen said a number of its engineers had left in the wake of the ‘dieselgate’ scandal over the last three years and now the new tougher WTP emissions tests meant the company is struggling to develop engines. Last month it announced it had acquired former BMW engine expert Markus Duesmann to head up its … [Read more...]
Newslines 24 July
VW is stockpiling new models it cannot sell because of delays in getting their emissions approval under the new WLTP tests. The tougher tests are taking VW longer to comply with and it has throttled back on production lines to stem the backlog so its rented car parks and open spaces to store the tens of thousands of cars involved. The MiVue 7 series … [Read more...]
Newslines 17 July
Opel will give evidence to German authorities investigating emissions tampering. About 60,000 diesel models with Euro6 engines are thought to be affected and NOx limits are reported to be ten-times statutory levels. Bosch has been ordered to hand over e-mails with Porsche over software settings for engine management. Investors taking court action … [Read more...]
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