Manufacturing
EV market faces deepening crisis as residual values plummet, finds ADS
Plunging residual values in the electric vehicle (EV) market are creating substantial financial challenges for leasing companies, manufacturers, and customers alike, according to Auto Data Solutions (ADS) which is warning of a prolonged impact on the sector.
Executive View: Stellantis woes and why “wartime CEOs” are currently the best fit
Flattened consumer spending, persistently high interest rates and supply chain disruptions stemming from geopolitical tensions have forced auto manufacturers (both budget and luxury) to negatively adjust their forecasts, writes Adrian Stalham of Sullivan & Stanley
The Motor Ombudsman's New Car Code remains vital in safeguarding buyers' rights
Two decades since receiving the green light from the then Office of Fair Trading to act as the go-between for the car buyers and manufacturers, automotive watchdog The Motor Ombudsman is busier than ever.
Year-end could rival pandemic woes for new car market, warns Cox Automotive
The new car market will face huge challenges by year-end, according to Cox Automotive which is warning that pressures could be even worse that those caused by the 2008 financial crisis and the 2020 pandemic.
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.