Aston Martin presses EV accelerator with Britishvolt partnership March 7, 2022 Deluxe car maker Aston Martin has pressed the electric vehicle (EV) accelerator, announcing today a partnership with UK battery technology firm Britishvolt. The partnership is expected to help the car maker launch its first fully electric vehicle in 2025. A joint team from both companies will be tasked to design, develop and industrialise batteries, working [...]
Polluting London drivers to be hit with daily fee of £12.50 as Sadiq Khan plans to expand Ultra Low Emission Zone to entire city March 6, 2022 London Mayor Sadiq Khan said today that he plans to expand the capital’s Ultra Low Emission Zone (Ulez) to cover the entire city in a push to cut pollution and congestion. Mr Khan has asked Transport for London (TfL) to consult on extending the scheme’s boundary from the North and South Circular Roads to the [...]
Used car prices continue to grow but record trend expected to stabilise March 3, 2022 The average price of a second hand car in the UK has continued to grow, reaching in February a record 31.9 per cent year-on-year and like-for-like increase. Even though it marks the 23rd consecutive record month of growth, the 0.6 per cent raise is the lowest increase registered since April 2021. According to Auto Trader’s [...]
Hyundai to invest $16bn by 2030 in EV push March 2, 2022 Automotive giant Hyundai is set to invest more than $16bn by 2030 in its electric vehicle (EV) businesses. The push – which is part of a wider set of investments worth $79.2bn – will help the Korean car maker to achieve a 7 per cent share in the global electric car market by 2030. “Hyundai [...]
Vertu Motors upgrades trading performance following automotive tailwinds March 2, 2022 UK automotive retailer Vertu Motors has upgraded its trading performance for the year ended 28 February, as it continues to benefit from used and new cars’ gross margins. In a trading update published today, the group said it expected the adjusted profit before tax to be “not less than £75m,” after it delivered a significant [...]
Jaguar Land Rover halts all sales to Russia while BMW’s Mini plant ends production due to Ukraine conflict March 2, 2022 Sales by car manufacturer Jaguar Land Rover (JLR) to Russia has been suspended following the invasion of Ukraine. The firm announced that it made the decision due to the “wellbeing” of its workforce and those “within our extended network”. Sanctions imposed on Russia have heavily restricted the ability of companies to sell goods there. JLR, [...]
Car makers suspend production and sales in Russia February 28, 2022 Some of the world’s biggest car makers have decided to suspend production and sales in Russia, following Putin’s invasion of Ukraine. Volvo, the world’s second largest automotive manufacturer, decided to halt the delivery of cars to local Russian dealership, while Volvo said today it was suspending both sales and production, Russian news agency RIA first [...]
Petrol remains No1 choice for third of UK motorists February 28, 2022 Petrol cars remain the number one choice for a third of UK motorists, according to a research from Close Brothers Motor Finance (CBMF). Data revealed that numbers of people choosing a traditional car went up 8 per cent from 2021, when only one in five still intended to purchase a petrol car. Electric vehicles (EV) [...]
Toyota suspends factory operations following suspected cyber attack February 28, 2022 Toyota is suspending production at 14 domestic factories, loosing around 13,000 cars, following what it looks like a cyber attack,. “Due to a system failure at a domestic supplier, we have decided to suspend the operation of 28 lines at 14 plants in Japan on 1 March,” the company said in a statement. “We apologise [...]
UK commercial vehicle manufacturing goes up in January as international demand increases February 25, 2022 Even though it was the worst January for UK automotive production since 2009, last month saw a 22.2 per cent increase in commercial vehicle (CV) manufacturing. According to data from the Society of Motor Manufacturers and Traders (SMMT), in January the UK produced 6,860 vans, trucks, taxis and buses – an increase on 2021 levels [...]