Unsell the idea - 29 October 2024

FOLLOW UP: VW CONSIDERS RADICAL COST SAVING PLANS

Information has come out as to the extent that Volkswagen Group are considering how to save the $4 billion they state they need to. This includes closing up to three German plants, reducing wages, reducing bonuses and more. Unions have reacted angrily whilst VW has not commented on the claims. To find out more, click this Reuters link here.

FOLLOW UP: JLR STILL HAVING REPAIR ISSUES

A year ago the CEO of JLR, Adrian Mardell, apologised for how long it was taking to repair their customer’s vehicles. This situation is still not resolved. Problems with their supply chain, which not all are their fault, as well as the supply hub they switched to has meant that around 10,000 customer cars are off the road. Click this Autocar article to read more.

RADFORD MOTORS FILES FOR CHAPTER 11 BANKRUPTCY

The car company co-founded by Jenson Button, Ant Antsted and Dan Bednarski, to build a low volume supercar based on a modern interpretation of the Lotus Type 62, has filed for Chapter 11 bankruptcy in the US. This is a debt restructuring move and does not mean the company is folding. There are also two court cases being brought against Ansted and Bednarski over financial matters related to the company. In order to find out more, click this Road & Track article link here.

CHINA DEPORTS VW EXEC OVER DRUG ALLEGATIONS

China has deported a senior Volkswagen executive, Jochen Sengphiehl, over claims he failed a recreational drug test. He was held by authorities for 10 days before the action was taken. Many questions come from this, is it real or China flexing? You can read more, by clicking this Reuters article link here.

RIVIAN AND BOSCH TAKE EACH OTHER TO COURT

Bosch has sued Rivian for breach of contract, which caused Rivian to counter sue. Rivian cancelled their contract for electric drivetrains from the supplier as they will use their own in-house developed ones. Bosch are, understandably, unhappy at the loss of business, whilst Rivian state that this issue is why they did not deliver as many cars as expected previously. Click this electrive link to find out more.

NEW PHEV BATTERY GIVES CLAIMED 249 MILE RANGE

CATL has released information on a plug-in hybrid battery, that gives a claimed electric only range of 249 miles. This has the chaps confused. Why is it PHEV only? Sounds almost too good to be true, but is it? What are Alan and Andrew missing? You can read more on this, by clicking this Autocar article link here.

STELLANTIS TO ROAD TEST SOLID STATE BATTERIES IN 2026

Stellantis are the latest company to announce when they will be road testing their solid state batteries. Using a fleet of Dodge Charger Daytonas, for some reason, they will be trying them out on the roads in 2026. To read more on this, including the list of others who have claimed they will have solid state batteries in cars, click this Autocar article link here.

HYUNDAI AND TOYOTA MOTORSPORT FESTIVAL

Hyundai and Toyota have teamed