52 min
The week that was - 16 April 2024 Motoring Podcast - News Show
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- Automotive
FOLLOW UP: BYD HELPED BY CHINESE GOVERNMENTA report is claiming that BYD has received $3.7 billion, in funding from the Chinese Government, to help it to reach its dominating position. This is all part of the EU’s investigation into whether companies from the country have an unfair advantage thanks to state aid. Click this Yahoo Finance article link for more information.
FOLLOW UP: BRITISHVOLT SITE TO BE SOLD BY COUNCILThe site of the ill-fated Britishvolt battery factory is to be sold by the local council, to a company that wishes to create a data centre, after the new ‘owners’ Recharge Industries, have still failed to pay the monies owning. If you wish to learn more, click this BBC News article link here.
WLTP DOES NOT REFLECT REAL WORLD USE REPORT FINDSTwo reports from the European Court of Auditors have shown that the testing regime, WLTP, results, do not come close to real-world usage on the public roads. Other conclusions have also been inferred by the investigation, however we would urge caution as not enough detail has been provided in how the data was calculated and if that was correct or even valid. But, there are now calls for the system to change, once again, at a time when the car industry is under enormous pressure from multiple vectors. You can read more, by clicking this Autocar article link here.
2023 LOSSES FOR LOTUSLotus announced losses for 2023, of £594 million. Whilst this does sound a lot and quite scary, we must all remember the transformation that is undergoing the company right now. They are fundamentally changing how they do things and the cars they produce in an incredibly short period of time. For more detail, click this Autocar article link here.
BIT OF A WEEK FOR STELLANTISStellantis, and in particular their CEO Carlos Taveres, had quite the last seven or so days. First off there was the public spat about the Italian Government trying to cosy up to foreign car companies, to encourage more manufacturing jobs in the country, which Taveres warned over such moves. You can read more, by clicking this link to a Reuters article.
That’s not all though, Taveres then had to fend off questions over which brand or brands the Stellantis Group were going to ditch. He refuted these claims as “fake news”. Click this Autocar article link for more.
You’ll have to wait till New New Car News for the third piece of Stellantis news.
VW INVESTING MORE IN CHINAVolkswagen has announced that it will be investing $2.7 billion in a Chinese manufacturing site. This is quite odd, as only recently the “roof is on fire” speech from their CEO and huge cost-cutting efforts across the group. On top of which, there is ever...
FOLLOW UP: BYD HELPED BY CHINESE GOVERNMENTA report is claiming that BYD has received $3.7 billion, in funding from the Chinese Government, to help it to reach its dominating position. This is all part of the EU’s investigation into whether companies from the country have an unfair advantage thanks to state aid. Click this Yahoo Finance article link for more information.
FOLLOW UP: BRITISHVOLT SITE TO BE SOLD BY COUNCILThe site of the ill-fated Britishvolt battery factory is to be sold by the local council, to a company that wishes to create a data centre, after the new ‘owners’ Recharge Industries, have still failed to pay the monies owning. If you wish to learn more, click this BBC News article link here.
WLTP DOES NOT REFLECT REAL WORLD USE REPORT FINDSTwo reports from the European Court of Auditors have shown that the testing regime, WLTP, results, do not come close to real-world usage on the public roads. Other conclusions have also been inferred by the investigation, however we would urge caution as not enough detail has been provided in how the data was calculated and if that was correct or even valid. But, there are now calls for the system to change, once again, at a time when the car industry is under enormous pressure from multiple vectors. You can read more, by clicking this Autocar article link here.
2023 LOSSES FOR LOTUSLotus announced losses for 2023, of £594 million. Whilst this does sound a lot and quite scary, we must all remember the transformation that is undergoing the company right now. They are fundamentally changing how they do things and the cars they produce in an incredibly short period of time. For more detail, click this Autocar article link here.
BIT OF A WEEK FOR STELLANTISStellantis, and in particular their CEO Carlos Taveres, had quite the last seven or so days. First off there was the public spat about the Italian Government trying to cosy up to foreign car companies, to encourage more manufacturing jobs in the country, which Taveres warned over such moves. You can read more, by clicking this link to a Reuters article.
That’s not all though, Taveres then had to fend off questions over which brand or brands the Stellantis Group were going to ditch. He refuted these claims as “fake news”. Click this Autocar article link for more.
You’ll have to wait till New New Car News for the third piece of Stellantis news.
VW INVESTING MORE IN CHINAVolkswagen has announced that it will be investing $2.7 billion in a Chinese manufacturing site. This is quite odd, as only recently the “roof is on fire” speech from their CEO and huge cost-cutting efforts across the group. On top of which, there is ever...
52 min