PRESS The Geely Effect – From the Mouths of Proton Dealers Posted on Apr 02, 2018 Subang Jaya, 2 April 2018 – It is human nature to doubt someone before you really get to know them so it was understandable that not every PROTON dealer was convinced about the partnership with Geely. However, a visit… Continue reading The Geely Effect – From the Mouths of Proton Dealers
Tag: Manufacturing
Top Automotive Industry News for Week of March 26 – April 1, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week March 26, 2018 – April 1, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- 2018 New York Auto Show New Vehicle Debuts (Car and Driver)… Continue reading Top Automotive Industry News for Week of March 26 – April 1, 2017
Prevent is preparing billion-dollar lawsuit against Volkswagen
Volkswagen has to prepare for an expensive process with the supplier Prevent. The value in dispute is estimated at about two billion euros in the industry. VW headquarters in Wolfsburg Monday, 23.04.2018 12:02 pm The dispute between Volkswagen and the supplier group Prevent escalates according to a media report. Prevent companies are already preparing for… Continue reading Prevent is preparing billion-dollar lawsuit against Volkswagen
McLaren goes to new lengths to boost efficiency
1 Apr 2018 The depth of the McLaren Technology Centre lake and size of floor tiles now measured daily Staff encouraged to move around the building with metronomic efficiency Synchronized tea-breaks introduced to save time Video giving an insight into working life at McLaren Automotive released. Click here. McLaren Automotive, the British creator of luxury,… Continue reading McLaren goes to new lengths to boost efficiency
Asset finance market rebounds in April
8 June 2018
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2017.
New business in the plant and machinery finance and business equipment finance sectors was up by 13% and 18% respectively, while commercial vehicle finance new business increased by 13% over the same period.
Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“The recovery in asset finance new business in April was broad-based. The manufacturing, agricultural and construction equipment finance sectors each reported strong growth, with new business up by 61%, 35% and 27% respectively, compared with April 2017.”
Apr 2018
% change on prev. year
3 months to Apr
2018
% change on prev. year
12 months to Apr
2018
% change on prev. year
Total FLA asset finance (£m)
2,738
+7
8,068
-1
31,650
+3
Total excluding high value (£m)
2,554
+10
7,739
+1
30,019
+5
Data Extracts:By asset:
Plant and machinery finance (£m)
574
+13
1,717
+1
6,627
+8
Commercial vehicle finance (£m)
649
+13
1,981
+1
7,485
0
IT equipment finance (£m)
136
+14
501
-5
2,335
+4
Business equipment finance (£m)
206
+18
637
+3
2,617
+7
Car finance (£m)
891
+5
2,484
-1
9,396
+3
Aircraft, ships and rolling stock finance (£m)
15
-91
53
-83
289
-56
By channel:
Direct finance (£m)
1,259
+3
3,864
0
14,978
+2
Broker-introduced finance (£m)
525
+24
1,554
+9
5,823
+10
Sales finance (£m)
771
+14
2,321
-1
9,218
+6
By product:
Finance leasing (£m)
319
+11
987
+7
3,876
+6
Operating leasing (£m)
476
-20
1,584
-15
6,412
-5
Lease/Hire purchase (£m)
1,610
+16
4,591
+5
17,083
+6
Other finance (£m)
195
-15
662
-23
3,116
-7
Note to editors:
In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £32 billion of finance was provided to businesses and the public sector. FLA members financed more than a third of UK investment in machinery, equipment and purchased software in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.
Aston Martin wants to have proprietary electric powertrain
When Andy Palmer took over as the CEO of Aston Martin in October 2014, his main aim was to turn the British marque into one “that can stand on equal terms with Porsche, Ferrari and Bentley.” While he is working on realising part of that aim with a new set of scorchers powered by internal… Continue reading Aston Martin wants to have proprietary electric powertrain
Carlos Tavares could receive an exceptional bonus of one million euros after the acquisition of Opel
Carlos Tavarès, President of the Executive Board of PSA, could receive a premium of 1 million euros, for the implementation of the plan of rehabilitation ofOpel. This is what the French car manufacturer proposes to its shareholders. In total, if it is adopted at the general meeting of April 24, the compensation of Carlos Tavares… Continue reading Carlos Tavares could receive an exceptional bonus of one million euros after the acquisition of Opel
BYD Expected To Spin-Off Battery Unit
4 M BY MARK KANE BYD – the world’s biggest plug-in car manufacturer – is expected to spin-off its battery and photovoltaic units. BYD battery test Up until now, BYD produced its own lithium-ion battery cells, modules and packs. the automaker will reach 28 GWh of production capacity in 2018. But according to the latest reports,… Continue reading BYD Expected To Spin-Off Battery Unit
Lincoln’s Aviator SUV matches style with hybrid tech
When you think of Lincoln you can’t be blamed for imagining those Navigators and Continentals that pick up very important folks at the airport. But the automaker wants to make sure more than professional drivers get behind the wheel of their cars. The new Aviator looks like it might just do that. Gallery: Lincoln Aviator… Continue reading Lincoln’s Aviator SUV matches style with hybrid tech
BMW automates production
The manufacturer BMW automates the production logistics with autonomous tugger trains. In the production plant Dingolfing sets BMW been on for some time FTS – So self-propelled vehicles for transport. Also Audi this already has commitment, Now BMW has developed a new automation kit. Schiller FTS BMW hall. Source: BMW These automation kits make from… Continue reading BMW automates production