Landmark news this week with the announcement that the UK will be host to one of the largest battery cell gigafactories in Europe, helping anchor electric vehicle production here for the long-term. Make no mistake, this is a significant announcement and a shot in the arm for the UK automotive industry, our economy and British […]
Half-year new car and van registrations show a sector on its way to recovery as manufacturers try and meet the changing demands of consumers following an incredibly challenging two years. The new car market delivered its eleventh month of successive growth in June, up more than a quarter, with almost a million new cars having […]
We started the week strongly with Monday’s figures showing how the new car and van markets are maintaining momentum, recording respectively their 10th and fifth months of growth in May. Once-persistent supply chain issues are easing and the news signifies an industry on the road to recovery, delivering green growth and providing cutting-edge, clean mobility for people and businesses up […]
The last few years have been a particularly torrid time for automotive supply chains, with the unprecedented challenges of the pandemic, geopolitical disruption and economic upheaval coming just as the sector braces for its most radical transformation in more than a hundred years. The wholesale transition of products, people and processes required to deliver net […]
New research released from leasing and mobility expert Alphabet (GB) has found that more than three-quarters (78%) of managers responsible for smaller fleets have noticed an increase in the amount of business miles being driven. Despite this uplift, there is still a lack understanding when it comes to their duty of care requirements – with […]
British car manufacturing made further gains in April, with output increasing for the third month in a row, up 9.9%, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). 66,527 cars rolled out of factory gates, 5,973 more than in April last year as global supply chain shortages, […]
The Ts and Cs of trade agreements rarely get the public attention they may deserve, but that all changed this week as the rules of origin agreed as part of the UK-EU TCA hit the news headlines – and for good reason. These rules, which from next year apply tougher local content requirements to batteries […]
Leading fintech innovators QV Systems and Nivo have announced a new partnership which gives QV Systems’ customers access to a suite of Nivo’s cutting edge tools to help finance providers and consumers simplify and accelerate their financial transaction journeys. QV Systems, a pioneering UK-based Software as a Service (SaaS) provider, is transforming the asset and […]
There was good news this week as the latest figures revealed the used car market returned to growth in the first quarter. Transactions rose by 4.1% to surpass 1.8 million units after three quarters of decline, marking the best start to a year since 2020. Despite this welcome recovery, the market remains -8.6% shy of pre-pandemic levels, […]
14 small to medium-sized businesses (SMEs) specialising in clean, green technology have won a share of over £2.5m in government grant funding through the Advanced Propulsion Centre (APC) Technology Developer Accelerator Programme (TDAP) which helps cutting-edge technology developers bring their innovations to life. The 14 innovative businesses will each receive £170,000 in funding support through […]
