News - Page 106
UK’s car manufacturing prospects ‘precarious’ after 2022’s 9.8% decline
The prospects of UK car manufacturing sector’s future has been labelled “precarious” as pressure mounts to accelerate investment in zero-emissions electric vehicle (EV) production following 2022’s 9.8% sector decline.
Almost 80% of car buyers willing to switch brands to avoid waiting times
Increasing numbers of car buyers are ditching notions of brand loyalty in favour of shorter waiting times as the new car market’s stock shortage issues continue – with almost four fifths open to switching makes.
Pendragon suitor Lithia Motors in ‘advanced’ talks over £300m Jardine acquisition
Lithia Motors has revealed that it views Jardine Motors as “a platform for future growth in the UK” after it emerged that the US-based car retailer was in advanced talks to acquire the AM100 car retail group.