Vauxhall has confirmed the new Astra will be priced from £18,885 when it goes on sale in UK car dealerships on August 1. The facelifted model will be offered in five-door hatchback and Sports Tourer bodystyles and introduces a brand-new range of RDE2-compliant engines. News of the new models’ specification comes in a week when its… Continue reading Vauxhall announces pricing for new Astra facelift – AM
Tag: Brexit
PSA Group re-states Brexit warning for Vauxhall Ellesmere Port plant – AM
PSA Group chairman and chief executive Carlos Tavares has re-stated the French carmaker’s warning that Vauxhall’s Ellesmere Port plant could be closed if Brexit makes it unprofitable. In an interview with the Financial Times Tavares said that Vauxhall, “has another plant in mind” if the conditions of Brexit are “unfavourable”. “Frankly I would prefer to… Continue reading PSA Group re-states Brexit warning for Vauxhall Ellesmere Port plant – AM
Dealers see 5% uplift in volumes of cars for servicing
Dealerships have reported a boost in aftersales activity in the first half of 2019. The average dealership saw a 5% year-on-year increase in the number of vehicles presented at its service department between January and June, with the figure rising from 1,570 to 1,649 vehicles, according to data from electronic vehicle health check provider autoVHC.… Continue reading Dealers see 5% uplift in volumes of cars for servicing
Ineos Bridgend factory talks “very advanced”, minister claims – Autocar
Ineos turned over £43 billion in 2017, making a £3.8bn profit. It has plans to invest around £700 million in a chosen site for the Grenadier. The company has previously stated that it’s open to a number of possible solutions; it could share a facility with another company, convert a used plant or build a new one. “We’d originally said our desire is to… Continue reading Ineos Bridgend factory talks “very advanced”, minister claims – Autocar
Billionaire Sir Jim Ratcliffe close to deal to build new 4×4 in UK – This is Money
Billionaire Sir Jim Ratcliffe is on the verge of striking a deal to make his new Land Rover Defender-style vehicle in South Wales, officials say. The Mail on Sunday revealed in June that Ineos Automotive, the car-making arm of Ratcliffe’s sprawling empire, was considering a deal to build a new 4×4 in a plant next… Continue reading Billionaire Sir Jim Ratcliffe close to deal to build new 4×4 in UK – This is Money
S&P reaffirms B+ rating on Tata Motors with negative outlook
The ratings agency, however, cautioned that it may lower the ratings by one notch if it sees diminishing prospects of turnaround at JLR. NEW DELHI: Ratings agency S&P has reaffirmed Tata Motors‘ long-term issuer and issue credit ratings to be ‘vulnerable to nonpayment’ while keeping the outlook negative. S&P Global Ratings said it has reaffirmed… Continue reading S&P reaffirms B+ rating on Tata Motors with negative outlook
Mercedes manufacturer: So Daimler wants to create the turnaround
Electric SUV EQC from Daimler With the EQC, Mercedes now has its first pure electric SUV on offer. (Photo: Bloomberg / Getty Images) Munich Runs in the giant world of the world Daimler somewhere something wrong, send the company grandees in Stuttgart, the cavalry. “If we can do something, then task forces,” says a manager… Continue reading Mercedes manufacturer: So Daimler wants to create the turnaround
FIRST-HALF 2019 RESULTS: RCI BANK AND SERVICES MAINTAINS A HIGH-LEVEL SALES AND FINANCIAL PERFORMANCE IN A SHARPLY DECLINING AUTOMOTIVE MARKET
Despite the downturn in the automotive sector, RCI Bank and Services stabilized its volume of financing contracts, set a new penetration rate record[1] and continued to develop its services activity. RCI Bank and Services continues performing financially at a record level in the first-half of 2019. 918,504 new financing contracts, for a total of… Continue reading FIRST-HALF 2019 RESULTS: RCI BANK AND SERVICES MAINTAINS A HIGH-LEVEL SALES AND FINANCIAL PERFORMANCE IN A SHARPLY DECLINING AUTOMOTIVE MARKET
Press: ZF Posts Half-Year Financial Results; Reacts to Difficult Market Environment
ZF generated sales of approximately €18.4 billion in the first half of 2019 Adjusted EBIT stands at some €650 million Measures have been taken to improve results Investments focus on strategic technology areas of autonomous driving and electromobility Friedrichshafen, Germany. In the first six months of this year, ZF Friedrichshafen AG generated sales of approximately… Continue reading Press: ZF Posts Half-Year Financial Results; Reacts to Difficult Market Environment
Analysis: Harald Krüger leaves a legacy at BMW with dark sides
Harald Kruger The CEO retires after 27 years at BMW. (Photo: Sepp Spiegl) Munich is two weeks Harald Kruger still BMW-Chef, the 16th of August is his last working day. Before his designated successor Oliver Zipse the Transactions in the corporate headquarters takes over, Harald Krüger took stock on Thursday. over the first half of… Continue reading Analysis: Harald Krüger leaves a legacy at BMW with dark sides