Automotive sector calls on government to secure industry’s long-term future November 29, 2022 The UK automotive industry has called on the government to “take rapid action” and secure its long-term future, as the sector could contribute an additional £14bn to the economy. According to analysis published today by the Society of Motor Manufacturers and Traders (SMMT), the sector’s recovery is expected to gain momentum next year after two [...]
Ferrari 330 GTC review: Chasing perfect November 29, 2022 This stunning 1966 Ferrari 330 GTC was discovered in Venezuela, then restored to concours-winning condition in the UK. Tim Pitt drives it.
As seen on Top Gear: first Tolman 205 GTI hits the road November 29, 2022 Tested on Top Gear this week, the Peugeot 205 GTI Tolman Edition is a bespoke restomod hot hatchback. And this one has a heady 200hp...
Lewd comments to female staff behind resignation of Inchcape’s boss November 29, 2022 Inchcape’s chief financial officer Gijsbert de Zoeten has reportedly quit after making lewd comments to female staff at a company event last week. Sources told the Sun his remarks were “the sort of behaviour that 20 years ago would have been brushed off but not today, and not from somebody in his position.” The incident [...]
Volkswagen’s boss ‘very concerned’ about EU losing industrial attractiveness November 28, 2022 Volkswagen’s boss Thomas Schafer is very concerned about the EU and Germany losing their industrial attractiveness due to surging energy costs. “We are treading water,” he wrote in a LinkedIn post on Monday. “I am very concerned about the current development regarding investments in the industry’s transformation.” According to Schafer – who has been at [...]
Finance boss at Inchcape quits after ‘personal behaviour falls short’ November 28, 2022 Inchcape’s chief financial officer has stepped down with immediate effect after displaying “personal behaviour falling short” of the company’s standards at a recent event. Gijsbert de Zoeten quit over the revelations this morning, in a statement put out by the company, forfeiting his long-term incentive plans (LTIPs) as well as any bonuses. By contract he [...]
Volkswagen’s new boss makes strategy U-turn as giant focuses on getting ‘spirit’ back November 27, 2022 Volkswagen’s new chief executive Thomas Schafer has made a u-turn in the company’s strategy, focusing on reducing “the portfolio of models” as well as introducing “proper vehicles.” “We need to get back our spirit, our heart, and create new iconic people’s cars,” Schafer told the Sunday Times. The German manufacturer has been through a turbulent [...]
SMMT: Getting automotive back on track priority for 2023 November 25, 2022 Getting the automotive sector back on track is the top priority for 2023, according to the Society of Motor Manufacturers and Traders (SMMT). Chief executive Mike Hawes warned that a return to pre-Covid production levels was fundamental, “given the jobs, exports and economic contribution the automotive industry sustains.” “UK car makers are doing all they [...]
UK motor insurers to make largest annual loss in a decade due to inflation November 25, 2022 The UK motor insurance sector is set to make the largest annual loss in over a decade as a result of inflationary pressures. Analysis published today by EY has forecast that net combined ratios will reach 115 per cent this year – the worst year since 2010 – going down slightly to 114 per cent [...]
F1 testing provider AB Dynamics ‘not impacted’ by UK financial turmoil November 23, 2022 The UK’s current financial turmoil will not impact automotive testing system provider AB Dynamics, its chief executive James Routh said. “The UK is typically about 2 per cent of our revenue, so the turmoil doesn’t really bother us too much,” Routh told City A.M. on Wednesday. “Only when it comes to dealing with local inflation [...]