As a result of the intense negotiations between Volkswagen and the unions, agreement has been reached on cuts that are hoped will create $4 billion in savings. Voluntary redundancies, selling one plant, reducing production lines and repurposing other plants are all measures being taken. Click this Autocar article link, to find out more. You can also click this link here to an AP article explaining other aspects of the steps being taken.
We covered the rumours of this a few weeks ago, yet it has still caught many by surprise. Nissan and Honda has announced that they intend to merge in an attempt to fight for an increased market share. We cannot work out what the companies will gain from this as they seem to be effectively identical in terms of products and markets. To find out more, you can click this Autocar article link here.
The new Transport Secretary, Heidi Alexander, has opened a fresh consultation with stakeholders regarding the zero emission vehicle mandate, as the reality of the economy and the market hit home. SMMT is pushing for financial help for private buyers and pushing the charging industry to do better. The charging industry is in a flap over the potential to slow down the move to EVs. To learn more, click this Autocar article link here.
SMMT has released the data for December and the entire year, with regards to new car registrations. Surprising no one, or it really shouldn’t, BEVs had a bumper month as the fear of fines loomed over brands. Fleet buyers completely propped up the market in 2024. The question of the ZEV mandate and economy, going into 2025, will impact the market heavily. Click this SMMT article link to read more.
Hazar Denli, who was heading up the chassis design element of VinFast’s car for Tata Technologies, raised concerns over parts and quality internally but was ignored. Feeling he had no option he went public, was fired by Tata and subsequently found a new job, via an agency, with JLR. He is claiming that he was blacklisted and unfairly fired by JLR who were told to let him go. To read more, click this BBC News article link here.
The Government has added £500 million to the pothole repair fund and is pushing local councils to get on with sorting the roads. However, to receive the full funding they will need to demonstrate they are tackling the problem to a standard expected. If you would like to read more, click this BBC News article link here.
Volkswagen Group has now fixed a misconfigured cloud storage area that was open to everyone. 800,000 customer’s car’s data...
