The University of Derby has awarded a Leicestershire business £97,650 to expand overseas. Vitesse Global provides specialist engine, gearbox and ancillary components to a niche market in the automotive sector. The business, based in Hinckley, says it noticed there was a gap in the market as British sports car manufacturers don’t offer automatic gear boxes to buyers, which limits sales as they are highly popular in some countries. Morgan Motor Company was keen to work with Vitesse Global to produce an automatic gearbox, ...Read more
UK car production fell during September as confidence was hit by Brexit uncertainty, according to a major car industry body.
Plans to improve air quality also added to the decline in car output, the Society of Motor Manufacturers and Traders (SMMT) said. A 14% fall in demand in the UK market drove the overall drop, it said.Mike Hawes, SMMT chief executive, said: “With UK car manufacturing falling for a fifth month this year, it’s clear that declining consumer and business confidence is ...Read more
Jaguar Land Rover has been revealed as the new name behind plans for a $40m development in Staffordshire. JLR is investing in a new 52-acre site storage facility at Stone Business Park. The massive new development will provide secure storage facilities for 6,500 vehicles and is expected to create around 75 permanent jobs. Birmingham-based Stoford Developments will be delivering the new facility. Director Tony Nash said “This development will bring significant inward investment into the county and represents a major commitment to the ...Read more
Germany’s transport minister has announced a recall of 22,000 Porsche cars to remove what he says is illegal emissions-controlling software. He said that luxury marque Porsche would bear the cost of the recalls of the affected 3-litre Cayenne models. It comes as Porsche’s sister firm Volkswagen says it will refit almost a million more diesel cars in Germany. Allegations about Porsche first emerged in German in magazine Der Spiegel last month. It said it was told by a source that the Porsche Cayenne ...Read more
Production of new UK cars fell by almost 10% last month compared with a year ago, latest industry figures show. The Society of Motor Manufacturing and Traders (SMMT) said 136,119 new cars were built in May, 9.7% fewer than the same month in 2016. The SMMT said carmakers were now set to ramp up production of new models, with exports the main driver of demand. 576,556 new cars have been shipped abroad since January, a 0.8% increase year-on-year. Although production for overseas markets ...Read more
Japanese carmaker Toyota will be responsible for best practice requirements in a £3m programme created by several public and private bodies which aims to create a platform for fuel cell production for zero-emission cars. Clean energy provider Intelligent Energy will take the technical lead in the scheme, aiming to demonstrate cost reductions of fuel cells through digital manufacturing techniques. The three-year programme, named Digiman, will be supported by an academic department at the University of Warwick, which provides research in manufacturing and technology. ...Read more
March was the best month to date for UK car registrations, according to the car industry trade body. The Society of Motor Manufacturers and Traders (SMMT) said 562,337 new cars were registered in March, up 8.4% on the same month last year. Those figures were boosted by a change in the number plate in March and planned changes to the Vehicle Excise Duty (VED), it said. “These record figures are undoubtedly boosted by consumers reacting to new VED changes, pulling forward purchases ...Read more
Toyota Motor Europe has announced that it will be investing a further £240m in its Derbyshire site to improve plant competitiveness and promote UK supply chain efficiencies. Starting this year, Toyota’s Burnaston facility is expected to be progressively upgraded with new equipment, technologies and systems to enable the production of vehicles on the Toyota New Global Architecture (TNGA) platform. The investment programme also includes (subject to due diligence) up to £21.3m support from the UK government for training, research and development, and ...Read more
This is Lloyds Bank’s third annual survey of the UK automotive manufacturing sector, part of a series of reports that look to examine the main opportunities and issues affecting Britain’s key industries.2016 was a tumultuous year, with huge political upheaval across the globe bringing potential economic uncertainties.
The UK’s decision to leave the EU created the biggest potential uncertainty for the UK’s automotive industry last year. Not only are many of the car makers operating in the UK internationally owned – from Bentley to BMW – but the EU is the biggest overseas market ...Read more
Average car prices have risen by 5.2% since the Brexit vote in June 2016, according to industry research. The City expects the UK’s Consumer Prices Index (CPI) to reach 1.9% in the year to January. It has risen steadily from -0.1% in October 2015 to 1.6% in December 2016. It said the price of some larger people-carriers had gone up by as much as 12.3%, although some other luxury cars were actually cheaper. In 2016, 86% of the cars sold in the ...Read more