Marshall Motor Group has resumed the payment of dividends to its shareholders after delivering record revenues in a COVID-19 impacted first half of 2021.
The car retail sector’s well-considered the acceptance of Government’s COVID-19 support have left many businesses on a sound footing to deliver a successful 2021.
MPs on the UK Government’s transport committee have suggested that a mandate compelling car makers to sell increasing numbers of electric vehicles (EV) could be the key to driving greater adoption.
The future of Sunderland’s Nissan car plant has been secured with the unveiling of a £1 billion plan to create a neighbouring battery-producing ‘gigafactory’ and produce the Japanese brand’s next EV.
A new report from the Society of Motor Manufacturers and Traders (SMMT) has said the UK could suffer 90,000 job losses If Government fails to help the sector ‘Build Back Better’ after the COVID-19 crisis.
Vertu Motors could be the latest AM100 car retail group PLC to face a backlash over bonus payments to its chief executive Robert Forrester.
A House of Commons Public Accounts Committee report into the transition to zero emission vehicles has highlighted the lack of “a clear published plan” to meet its goal of banning new petrol and diesel car sales by 2030.
The Department for Transport’s Office for Zero Emission Vehicles (OZEV) has confirmed there wil be more "overnight" changes to plug-in car grant (PiCG) EV incentives as part of a "managed exit" from Government.
The UK Government’s counter-intuitive policy of reducing EV purchase incentives while urging their widespread adoption has car buyers “thinking again”, says Stellantis boss Alison Jones.
Government has announced £30m of investment in EV and hydrogen technology to help launch studies into the creation of a UK lithium supply chain, improvements in battery safety and the re-use of car batteries.
The UK Government’s decision to lower the value of its plug-in car grant EV incentive will have little impact on used car values, according to Cap HPI.
Next month’s post-Lockdown reopening of car showrooms across the UK has been described as a “ray of light” following another 14% decline in UK manufacturer’s vehicle output in February.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said that electric revolution is “primarily for fleets, not families” and called for change to drive mass adoption.
Labour’s shadow business minister Ed Miliband has called for interest free loans to help low and middle-income families purchase a new electric vehicle (EV).
Vauxhall has responded to Government's changes to its plug-in car grant (PCiG) by cutting the list prices of its Mokka-e SUV and Vivaro-e EVs to ensure they remain eligible for the revised incentive.
Car buyers have described Government’s plug-in grant as “very important” driver of the shift to electric vehicles (EV) as 79% said they disagreed with Government’s recent changes to the scheme.
When Arnold Clark chief executive Eddie Hawthorne openly conceded that he had initially felt the COVID-19 crisis would be “over by Easter”, it was clear that nobody in the sector could have imagined being in lockdown 12 months on.
Car manufacturers have responded to Government’s decision to cut its plug-in car grant with a mixture of frustration and tweaked finance offers to maintain their March sales.
The Society of Motor Manufacturers and Traders (SMMT) has accused the UK of making “the wrong move at the wrong time” with a decision to slash the plug-in car grant incentive on an electric vehicle (EV) purchase.
Costly corporate identity upgrades and showroom developments should be pulled forward to take advantage of Rishi Sunak’s ‘super-deduction’ tax relief offer, according to RSM.
