The German car industry could grind to a halt over energy costs faced by component suppliers.
The major motor manufacturers have taken steps to fix their energy costs but further down the supply chain the smaller parts makers are said to be struggling and facing cost increases they cannot manage so want to renegotiate terms with their customers or cease manufacturing, which could very soon stop the car lines.
Swansea car dealers have been targetted by scammers purporting to be High Court bailiffs.
The fraudsters telephone and say bailiffs will be calling to collect judgements after a successful application to the civil court and gradually put more pressure on the dealership to pay but the Independent Garage Association said that anyone receiving such a call, should double-check with their local court, report it to local police on 101 or contact Action Fraud by calling 0300 123 2040.
Stellantis is dumping 138 UK dealerships as part of a radical shift in marketing plans.
It is moving towards an agency set up on-line, creating premium outlets for Alfa Romeo and DS brands and leaving the other marques to rationalise their operations to save costs and possible duplication of services after suffering big losses in the UK market.
Russian oil exports have been hit by refiners rejecting alternative insurance cover on Russian tankers.
The USA and EU have moved to invalidate insurance cover and refiners were forced to look elsewhere but Russia and India’s alternatives have been rejected.
News that the government is taking steps to stabilise the economy have been welcomed by business group Logistics UK, which represents the organisations that move all the goods which the UK economy needs.
However, Kate Jennings, the organisation’s Policy Director, said more detail is required to reassure business and provide time to enable effective planning and budgeting, adding, “A fast-moving industry like logistics needs reassurance that the government has both credible short term plans to manage costs and clear long term goals. Commitment to investment plans for road and rail, as well as policies which support delivery of zero carbon and ensure energy resilience remain crucial so that business can plan effectively today and for the future.