UK annual new car registrations drop to 1.63 million in toughest year for market since 1992. Covid-enforced showroom closures drive overall demand down -29.4% – a 680,076-unit decline equivalent to £20.4bn in lost turnover. Best-ever year for electric cars with battery and plug-in hybrid vehicles market share up to 10.7%. Investment in charging infrastructure and… Continue reading UK automotive looks to green recovery strategy after -29.4% fall in new car registrations in 2020
Tag: Brexit
Dealers saw increase on 2019 December orders, says Dealerweb
Dealers in the UK saw orders for new vehicles rise by 9.5%, against December 2019, as 2020 drew to a close. According to the latest data from Dealerweb. Orders for used vehicles fell by 10% while the average sale price increased from £18,682 to £20,900. Enquiry levels fell for both new and used vehicles by… Continue reading Dealers saw increase on 2019 December orders, says Dealerweb
Honda halts UK car output on Tuesday and Wednesday due to supply delays
By Reuters Staff 1 Min Read FILE PHOTO: Rows of Honda Civic cars are lined up in the docks following the end of the Brexit transition period in Southampton, Britain, January 1, 2021. REUTERS/Matthew Childs LONDON (Reuters) – Japanese carmaker Honda said it was halting output at its British factory on Tuesday and Wednesday due… Continue reading Honda halts UK car output on Tuesday and Wednesday due to supply delays
German Handelsblatt: Interview with Klaus Zellmer: Chip shortage at VW – Sales Director warns: “We will fight for every car in 2021” 001050
VW Sales Director Klaus Zellmer The former Porsche manager will be responsible for sales at the VW Group. (Photo: Bloomberg) Düsseldorf At the beginning of the year, the Volkswagen Group lacked electronic components for vehicle production. As a result, it may not be possible to build more than 100,000 vehicles in the new year. “We… Continue reading German Handelsblatt: Interview with Klaus Zellmer: Chip shortage at VW – Sales Director warns: “We will fight for every car in 2021” 001050
Britain ends long Brexit journey with economic break from EU
London: Britain’s long and sometimes acrimonious divorce from the European Union ended on Thursday with an economic split that leaves the EU smaller and the UK freer but more isolated in a turbulent world. Britain left the European blocs vast single market for people, goods and services at 11 pm London time, midnight in Brussels,… Continue reading Britain ends long Brexit journey with economic break from EU
@Ford: Ford, Mahindra End Discussions for Auto Joint Venture
DEARBORN, Mich., Dec. 31, 2020 – Ford Motor Company and Mahindra & Mahindra have mutually and amicably determined they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the Dec. 31 “longstop,” or expiration, date of a definitive agreement the organizations entered into in October… Continue reading @Ford: Ford, Mahindra End Discussions for Auto Joint Venture
SMMT calls for immediate ratification and implementation of draft UK-EU Trade & Cooperation Agreement
Draft UK-EU agreement avoids ‘no deal’ disaster for UK automotive industry. Sector welcomes supportive Rules of Origin with phase-in periods and commitment to reduce customs burdens, and calls for immediate ratification. With just hours from ratification to implementation, government should provide specific additional phase-in periods for administration requirements. Investment in UK’s electrified supply chain, including… Continue reading SMMT calls for immediate ratification and implementation of draft UK-EU Trade & Cooperation Agreement
UK signs free trade agreement with Turkey
The UK has signed a free trade deal with Turkey, its first since agreeing a Brexit deal to leave the EU – a development that will strengthen ties between the two European outliers. The continuity agreement, signed by both trade ministers on Tuesday in a video conference call, takes effect on 1 January and ensures… Continue reading UK signs free trade agreement with Turkey
Race is on as carmakers shut, switch or sell combustion engine factories
Carmakers will increasingly find themselves in a race to shut, switch or sell factories producing vehicles with internal combustion engines to avoid being left with “stranded assets”, as regulators set a course for a decade of electrification to reduce carbon dioxide emissions. Traditional manufacturers are currently playing a “zero sum game” because growth in electric… Continue reading Race is on as carmakers shut, switch or sell combustion engine factories
No UK port problems so far for Jaguar Land Rover
By Reuters Staff 1 Min Read FILE PHOTO: The Jaguar Land Rover logo is seen at a dealership, following the outbreak of the coronavirus disease (COVID-19), Milton Keynes, Britain, June 1, 2020. REUTERS/Andrew Boyers/File Photo (Reuters) – Luxury carmaker Jaguar Land Rover has not seen any impact so far from issues at UK ports, its… Continue reading No UK port problems so far for Jaguar Land Rover