Manufacturer insight - Page 12
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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
Ford to lay off 4,000 workers across Europe, 800 in the UK
Ford plans to cut 4,000 jobs across Europe by 2027, including around 800 roles in the UK, as the company responds to slow demand for electric vehicles (EV) and intensifying competition from Chinese car makers.
Xpeng partners with International Motors to launch Tesla rival G6
Chinese car manufacturer Xpeng has formalised its strategic partnership with International Motors as its official distributor in the UK, charged with ensuring that its EV range will receive dedicated support from import to aftersales.
High Court ruling allows 'Dieselgate' claims against Mercedes-Benz in the UK
The High Court has ruled against Mercedes-Benz in the ongoing 'dieselgate' legal action, rejecting the manufacturer's argument that the decision of the German regulator, Kraftfahrt-Bundesamt (KBA), should prevent related claims in the UK.
Morgan launches new Silverstone dealership in partnership with Woodcote & Copse
Iconic British brand Morgan is expanding its presence by partnering with high-performance sports car retailer Woodcote & Copse, to open the new Morgan Silverstone dealership at the Silverstone Circuit in Northamptonshire.