Last week, during the discussion on the Kia PV5 Andrew moved onto a matter that was tangentially related as it concerned the coverage of the Government announcing the extension of the plug-in grant for electric vans.
However, in how he moved to that and the editing after, Andrew inadvertently gave the impression he was attacking the Professional Van outlet and their writers. That was not the intention and we apologise for how that segment came out. It has been removed.
Aston Martin has cut 170 jobs as it looks to cut costs following a disappointing 2023. Hit by supply chain issues production was down and therefore so were deliveries to customers. The company is aiming for £25 million savings annually. To read more, click this link to a BBC News article.
Stellantis has released information on their 2024 performance and it is bad. Net profits fell 70% on those of 2023. With an operating income down 80% for just the US market alone. Whilst in Europe it fell 63%. Much of the blame is put on an ageing line up, with much of the hope resting on the new cars coming out. If you wish to read more, click this AMOnline article link here.
Nissan has announced that it is cancelling one of the night shifts at the Sunderland plant, as it looks to save costs globally. Click this BBC News article link here, for more.
Skoda is the latest brand to announce it is reducing it’s workforce. 15% of the 41,000 employed positions will go through natural fluctuations, the company stated. For more information on this, click the link here for a Yahoo!Finance article.
Porsche has decided the fault of increased costs and sales falling, is due to the chief financial and the marketing and sales directors. They have been now replaced, with Jochen Breckner now in charge of finance and IT, whilst Matthias Becker will be heading up sales and marketing. To read more on this, click the Autocar link here.
The Italian Competition Authority (AGCM) and the Italian financial police (Guardia di Finanza) are investigating BYD, Stellantis, Tesla and the VW Group over claims of misleading information regarding their electric vehicles. Driving range, battery degradation and warranty information are all being questioned. If you want to learn more, click this CarScoops article link here.
Liverpool City Region Combined Authority has ordered 58 electric double deckers, from Alexander Dennis.The Department for Transport’s...
