A Swansea businessman who has risen through the ranks will now take the helm at Sinclair Van Centre.
Adam Lewis, who joined the South Wales motor group in 2002 as a sales executive, has accepted the role of head of business at the Swansea business.
German regulators have given approval for technical fixes on a further Volkswagen 460,000 diesel cars with illicit emissions control software.
This means it is raising the number of vehicles cleared for repair to over 5 million.
German supplier Schaeffler posted a double-digit increase in second-quarter profit, helped by growing demand for its auto components and cost savings in its industrial division.
The company, which listed on the stock exchange in October and has a plant at Burry Port, said it still expects sales to grow 3-5 percent this year, aiming for an operating margin of 12 percent to 13 percent.
There are unconfirmed reports that the US Justice Department and Volkswagen are talking about a possible settlement over the diesel fraud.
Volkswagen is facing possible criminal charges in the US over the defeat devices it fitted to models to get around tough emissions tests but it could be a very long drawn out hearing and it’s possible it will be settled by the car maker and the law makers reaching an out of court settlement for compensation and penalties.
The UK automotive industry’s reputation as a global leader in quality and efficiency will be boosted in October with the publication of a new global quality standard for design and manufacturing.
IATF 16949:2016 co-written by the Society of Motor Manufacturers and Traders replaces the ISO Technical Specification 16949, one of the industry’s most widely used international standards for quality management.
An improved funding package for apprentices in the transport sector has been announced that will open up even more opportunities for smaller firms.
From April 2017, lorry driving apprentices will attract government support of £5,000, with an additional £2,000 depending on the age of the individual. Importantly, the funding obligation on smaller firms has been reduced to nil.
The Retail Price Index measure of inflation rose to 1.9% in July.
The RPI figure was up from 1.6% in June, the Office for National Statistics said and some of this unexpected increase was down to fuel prices going up again.
