BYD Auto plans to build a US$1bn electric vehicle assembly plant in Turkey to target the domestic and European markets and circumvent EU proposed tariffs which would have pushed up prices by nearly half. The Chinese car maker has already announced a factory it will build in Hungary as it pushes expansion outside its home country and both investments will create thousands of jobs. A rise in … [Read more...]
Tradelines 26 June
Van maker Stellantis is considering its options at Ellesmere Port and Luton, it has told an SMMT automotive conference. It's is very concerned about UK Government zero emissions plan and increasing tighter limits on percentages of evs made. Oil and gas companies, carmakers and textile manufacturers make up the biggest recipients of European green funds despite being some of the world’s biggest … [Read more...]
Newslines 18 June
Wales’ largest dealer groups, Days, saw its turnover rise but pre-tax profit fall last year. Companies House accounts for the year ended December 31, 2023, show the new and used cars business with 18,000 strong rental fleet, and one of the Car Dealer Top 100, reported an 11% increase in turnover from £257.774m to £285.195m but its profit before tax sank from £33.29m to £30.734m – an 8% drop and … [Read more...]
Tradelines 25 July
Hyundai Motor UK has launched an industry-first online service and repair plan platform which allows customers and dealers to build tailored packages based on driving habits, vehicle age, mileage and usage. Moving away from the traditional ‘fixed price’ service plan options, Hyundai’s innovative new offering will allow customers to access a plan that is priced based on their individual … [Read more...]
Newslines 10 July
About 150 BMW Oxford suppliers in Britain have attended a crash course in customs clearance procedures. They have not had to worry over this as Britain was in the EU but if it leaves the car maker says they will need this information. There’s a split developing in Europe over retaliation to US trade tariffs. Germany says it wants to negotiate a deal with America because its car industry … [Read more...]