News - Page 35
EV discounting risks impacting long term investment as private retail continues to lag
Discounting risks undermining the ability of companies to invest in next generation technologies and cannot be sustained indefinitely, according to the Society of Motor Manufacturers and Traders (SMMT).
Acquisition marks expansion for AM100 dealer group City West Country
AM100 dealer group City West Country is expanding through acquisition of another Mercedes-Benz dealership. It has competed the takeover of Exeter's Mercedes-Benz Van Centre, which has been operated by Snows Motor Group since 2017.
London HQ for new ICE and hybrid powertrain venture from Geely and Renault
Renault Group and Geely have officially launched a joint venture business, HORSE Powertrain, headquartered in London, which will focus on future generations of hybrid systems, internal combustion engines, transmissions and battery solutions.