The UK’s Supreme Court has blocked the Government’s attempt to reduce the compensation due to those sold finance for their car purchase. The fear was it would stop or reduce car loan availability. We now wait until April to find out the final ruling. Click this BBC News article to read more.
Adrian Hallmark, the new CEO of Aston Martin, has outlined that the company must be “going in the right direction’, in terms of towards profitability in the next 12-18 months. Aston will not be following a volume model, but one where they maximise the profitability from each vehicle. If you wish to learn more, click this CarScoops link here.
For the more bizarre ideas from Aston Martin, you can click this Top Gear article link to read further.
As the fall out of the collapsed merger continues to rain down, one step Nissan is taking is to continue it’s global cost saving exercise. Unfortunately, that means the Sunderland facility is under threat as three international plants are earmarked for closure. This is a step up on November’s original announcement, where only job losses were thought to be enough. If you want to learn more, click this Autocar article link here.
Another car company not immune from the issues of the industry, Porsche has announced that it will be reducing the workforce by around 1900 staff. The expectation is this will be achieved by natural retirement and turnover. Some reports suggest 1500 positions will also go for temporary staff. This is the latest in a number of announcements from Porsche that show just how badly hit they are. Click this electrive article link to learn more.
On Monday 17 February new guidance came into affect, from the new organisation, the Private Parking Scrutiny and Advice Panel (PPSAP). They have brought in a rule that offers greater protection to those struggling to pay upon arrival at a car park, if they are privately run and use ANPR or CCTV to enforce and monitor parking. To read more on this, click here for an article link from Motoring Research.
Conigital, once heralded as beacon in the UK autonomous vehicle world has called in a liquidator as it voluntarily folds. This is after the company claimed to have raised £500 million from a private equity group. However, the UK Tech News outlet was suspicious of this and published an article back in June 2024 questioning the validity of this claim. Click this article link to read about that. Then, click here, to...
