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...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
...I mean, I think it will be a big issue in this campaign,” said Mike Sommers, API’s chief executive....
...Lotus commercial head Mike Johnstone said investors were interested in the company’s “history and heritage”, which stemmed from motor racing....
...In the UK, the value of used EVs fell about a fifth, far higher than the overall market where resale values dropped only 3.7 per cent, according to the bank which referred to Auto Trader data....
...“Just one in 11 private consumers last year chose an EV,” said Mike Hawes, SMMT head, as he called for a VAT cut to get sales back on track and meet new government targets....
...“There are clear signs of carmakers pushing EVs”, said Mike Tyndall, autos analyst at HSBC. “This was almost unthinkable at the start of the year.”...
...The United Auto Workers and Ford reached a tentative deal last night that would raise union members’ wages 25 per cent over a four-year agreement....
...Separate filings show the asset manager also sold 6 per cent of auto dealership Pendragon last week, reducing its stake to 4 per cent, as well as 2 per cent of The Restaurant Group....
...Filings show the asset manager sold 6 per cent of auto dealership Pendragon this month, reducing its stake to 4 per cent, as well as 2 per cent of The Restaurant Group....
...Ian Plummer, commercial director at online marketplace Auto Trader, said: “One thing [the fuel duty cut] won’t do is encourage demand for electric vehicles, even though the 2030 ban on sales of new petrol...
...“This is a once-in-a-generation transition, and those investments are taking place now,” said Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, the trade body for UK carmakers...
...The decision by Ford is a welcome fillip for the UK auto industry, which is racing to attract investment to build the infrastructure needed before the sale of new petrol and diesel models is banned in the...
...For the love of Mike Finally, the departure of Mike Ashley from the board of clothes retailer Frasers should make it a better company. But UK business may be duller as a result....
...But Mike Dunne, a native Midwesterner and chief executive of ZoZoGo, a global EV consultancy, says cheaper electric vehicles, with their much shorter range, are a different story....
...“At the current rate, sales of new EVs will overtake both traditional petrol and diesel sales by 2025,” said Ian Plummer, commercial director at Auto Trader....
...“Addressing the UK’s high energy costs is the industry’s number one ask,” said Mike Hawes, chief executive of the SMMT....
...The US auto industry largely endorsed the new law, known formally as the Inflation Reduction Act. Ford, which has announced $14bn in US investment in EVs and batteries, was among the supporters....
...Mike Todd, the head of VW’s financial services arm in the UK, said there is comparatively little data available on used battery cars....
...The Autonomy founder has been charged with 14 counts of conspiracy and fraud linked to Autonomy’s $11.6bn sale to Hewlett-Packard in 2011....
...Electric car production is expected to rise as demand increases this decade, with the UK aiming to end the sale of new petrol and diesel models by 2030....
...The sales figure is the lowest since the “two-plate” system was introduced in 1999....
...The UK auto industry predicts that only one in five cars on the road — or roughly 7m vehicles — will be fully electric by 2030....
...In its safety and industrial division, sales rose 22.4 per cent from a year ago to $3.3bn, boosted by the after-market for auto parts, industrial adhesives and tapes, although sales declined in personal...
...Ian Plummer, commercial director at online marketplace Auto Trader, said: “It is worth bearing in mind that the performance we’re seeing now is based on a significant number of orders which were taken before...
...“After one of the darkest years in automotive history, there is light at the end of the tunnel,” said Mike Hawes, SMMT chief executive....
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