New research out this week reveals why German firms are refusing to join the United States’ tech trade war with China over semiconductor chips, a key component in modern electrical devices. University of Sussex and Kings College London researchers found heavy links between German car makers like Mercedes-Benz, BMW and Volkswagen, and the country’s semiconductor firms. With automotive companies … [Read more...]
New car registrations pushed over a million
The UK new car market has hit the million motors mark for the first time in five years, after new car registrations rose in June by a modest 1.1% to reach 179,263 units, according to the Society of Motor Manufacturers and Traders. As a result, so far in 2024, 1,006,763 new cars have been registered, up 6.0% on the previous year but still down -20.7% on 2019. June’s market growth was driven … [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 elevated customer experience where … [Read more...]
EU car makers holding breath over China duties
Car makers are closely watching developments after the EC decided to impose provisional duties on imports of electric cars manufactured in China, based on initial findings of an anti-subsidy investigation initiated last year. ACEA has consistently affirmed that free and fair trade is essential in creating a globally competitive European automotive industry, while healthy competition drives … [Read more...]
BEVs are trickling along
Battery EVs continued their best ever start to the year, as sales in the first 5 months of 2024 rose 10% on the same time last year, whilst the market share of BEVs in new car sales reached 17.9%. Total car sales were up just under 2.2% in May 2024 on May 2023 levels, but pure petrol and diesel sales cratered over the same period, falling from 55% to 45% market share in just 12 … [Read more...]
Tradelines 6 March
Car makers, component suppliers and the recycling industry across Europe have criticised proposed new legislation on dismantling. A planned EU law would require the complete recycling of vehicles down to the smallest component, such as a circuit board, but the opponents say this is unrealistic, impractical and would generate more carbon emissions than would be saved by ethically disposing of the … [Read more...]
Car sales boom on eve of Budget
February’s figures reinforce the robust performance of the UK automotive sector, maintaining a strong start to 2024 and signalling a nineteenth month of consecutive growth, said Sue Robinson, Chief Executive of the National Franchised Dealers Association, commenting on the latest SMMT new passenger car registration figures. In February, a total of 84,886 new cars were registered, an increase of … [Read more...]
Newslines 20 February
A feasibility study will be carried out into reopening a railway station at St Athan, Vale of Glamorgan. It would serve the expanding industrial businesses at the former airbase and housing developments but its only a short distance between Rhoose and Llantwit Major halts. Volvo Cars is streamlining and standardising its model names for fully electric cars, in line with ongoing transformation … [Read more...]
Newslines 9 February
Car dealers face becoming the focus of a new customers financial scandal similar to PPI claims of the last two decades. The Financial Conduct Authority is investigating cases of finance houses not paying out compensation to customers over now-banned ‘discretionary commission arrangements’ and the watchdog is using its powers under S166 of the Financial Services and Markets Act 2000 to identify … [Read more...]
The best 4×4 by scrap
Land Rover is the most valuable brand for scrap overall, with the average price quoted for these vehicles sitting at 28.8% higher than the average. The quoted price is directly linked to the weight of the vehicle and with all Land Rover vehicles being large SUVs and 4×4 vehicles, they’re definitely one of the weightier brands when all models in their range are considered. The data is part of … [Read more...]
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