Cazoo will hold an EGM on 2 July seeking approval for the company’s dissolution. The company warned of risks and uncertainties in the winding-up process, including the possibility shareholders may not realise any value from their shares, and creditors may not fully recover their claims.
Read More →Vertu Motors reported a strong trading performance with car retail sales business up 6.8% for the three months to May for like-for-like. Commercial vehicle and fleet like-for-like had a volume growth of 6.4% while used sales rose 6.7% on a like-for-like basis. The increased volumes included low margin Motability business with margins reduced to 7.4% […]
Read More →As exclusively revealed by Auto Retail Agenda last November, Lotus has switched back to the franchise model for its UK retail network after two years under an agency agreement, according to its retailers. Lotus joins a growing number of brands that have backed away from agency or delayed its introduction – including the Stellantis brands, Ford, JLR […]
Read More →Peter Cooper Motor Group, the Southampton-based dealer, will take on Omoda at its Shirley Road site which hosts VW. The dealer previously held an exclusive Ride & Drive event from 29 May to 3 June, ahead of the official launch of the site. The 5 SUV, which is available with petrol or electric powertrains, is […]
Read More →From 1 July, Ford will allow its entire US retailer network to sell electric vehicles. The costly plan divided the firm’s retailer network, with nearly half being prohibited from selling or servicing electric Fords. This will reverse the controversial Model e program that rolled out less than two years ago. “They ought to be embarrassed […]
Read More →SMMT chief executive Mike Hawes has been awarded an OBE for services to the automotive industry in the King’s Birthday Honours List. After a career in the automotive sector, Hawes joined the SMMT as chief executive in 2013 and has led the organisation through considerable technological structural and geopolitical change. “The past few years have been […]
Read More →Volvo shifts EV production to Europe Volvo is diverting production of Chinese-built EVs to Belgium in expectation of an EU crackdown on “subsidised imports”. A decision from the European Commission on imposing tariffs on Chinese EV imports is anticipated this week.
Read More →Many fleets running EVs and hybrids are experiencing issues with 12v batteries, causing disruptive breakdowns for drivers who might assume such issues should not happen with an electrified car. The Association of Fleet Professionals (AFP) is calling for OEMs to improve the operational efficiency of their cars and address such common fleet problems. This is […]
Read More →According to ONS data, the motor industry is up with hospitality and social care as the sectors with the most job vacancies. It is listed on what used to be called a ‘shortage occupation list’, which has now been renamed ‘immigration salary list’. While job vacancies have reduced from a record high in the middle […]
Read More →This week the NFDA will launch its election manifesto for the next government. The objective is to secure support and see the next government work with the sector and offer stronger support on key issues. The NFDA wants mandated annual public chargepoint targets, and for the next government to bring down business rates. The NFDA […]
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