FOLLOW UP: PORSCHE TAKEOVER CASE DISMISSED
A court in Germany has dismissed the claims for compensation by hedge funds, relating to the failed attempt by Porsche to takeover VW, which resulted in them then being taken over by Porsche. The judge decided there was no merit, whatsoever, whilst the plaintiffs have already appealed and asked for certain judges to be excluded. More information can be found, by clicking this Automotive News Europe link here.
PATIENT GEELY BUYS STAKE IN ASTON MARTIN
Geely are not a company to be denied, it would seem. After a couple of failed attempts in buying out or taking a stake in Aston Martin, they finally managed it by purchasing 7.6% shares in the UK firm. To read more, click here for the AM Online article link.
GOVERNMENT ROAD INCIDENT STATS OUT
The 2021 road incident statistics have been released by the UK Government and in some places make grim reading. A positive is that cycling fatalities has dropped 21%, which we guess is due to a combination of people remembering how to drive again and cyclists getting used to the roads. The bad news is that road fatalities has risen 7%, with an astonishing 30% relating to not wearing a seatbelt. Click this Autocar link here for more information.
NEW CITROËN LOGO
Citroën has updated their logo, harking back to the original, with the font an evolution on the previous version. As with all the current updates to logos, this is aimed at making their use and options of what you can do with them, much easier in this digital age. To have a look at the smart makeover, click the CAR link here.
FCA WARNS INSURANCE INDUSTRY TO PROTECT CONSUMERS
The Financial Conduct Authority has warned the insurance industry to help consumers, in the current cost of living crisis, and not foist unnecessary products on them. The FCA also reminded them it expects them to help those struggling to pay, so that they do not expose themselves by not having adequate protection. Click here for the AM Online link to learn more.
CHINESE EV SALES RISE SHARPLY ACROSS EUROPE
Tying back to last week’s Lunchtime Read which mentioned how the Chinese Government effectively subsidises their EV companies so they can sell their vehicles cheaper than other companies can, figures were released showing how well that tactic is doing. Just behind and catching rapidly, the German produced percentage is the Chinese. This link, to the AM Online article, will tell you more.
WESTMINSTER COUNCIL INSTALLING LAMPPOST EV CHARGERS
Westminster Council has engaged Siemens to
