Motoring Podcast - News Show

FOLLOW UP: CONTINENTAL FINED $107M FOR DIESELGATEContinental, the automotive parts supplier, has been fined €100 million for its part in the dieselgate scandal. The fine was such due to the full cooperation of the company and changes they have subsequently made to their compliance structures. There are six weeks for Continental to pay the fine. Click this Reuters article for more

FOLLOW UP: WALES TO CHANGE SOME ROADS BACK TO 30MPHKen Skates, the Welsh Government Transport Secretary, has announced that some of the road limits recently changed from 30mph to 20mph, will now revert back to the original limit. This is an acknowledgement that the implementation of the reduced road speeds has not been as carefully executed as should have occured. If you wish to le

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 U

FOLLOW UP: RENAULT AND VOLVO GROUP PRESENT EV VAN JVFlexis is the name of the joint-venture between Renault, the Volvo Group and transportation company CMA CGM, that will develop EV vans aimed at urban and last mile deliveries. This will fill the gap in both Renault and Volvo’s offerings to the commercial vehicle industry. For more information, click this Autocar link here. TOYOT

FOLLOW UP: LUCID RAISES $1B FROM SAUDI ARABIATHe luxury EV maker, Lucid, has received a further $1 billion in investment, from the Saudi Arabian sovereign fund, Public Investment Fund. They also increased the number of vehicles they expect to produce in 2024 compared to 2023, still only 9,000 cars though. If you wish to learn more, click this link to a Reuters article. FOLLOW UP: C

FOLLOW UP: RENAULT VOLVO JV FOR EV VANS IS ONLast week we discussed the Reuters article that stated Renault and Volvo will announce that their joint venture for electric vans will shut in early April. This turns out not to be the case. Thanks to Renault sources we can confirm the JV is still very much on. Click this article link from AMOnline to read more. FOLLOW UP: FISKER TALKS W

FOLLOW UP: RENAULT AND VOLVO TO SHUT EV VAN PROJECTRenault and Volvo will announce that their joint venture for electric vans will shut in early April. There is no detail on why this is. Click here for more information, via the Reuters article link. UK GOVERNMENT PREPARES TRADE SANCTIONS ON CHINESE EVSAt a SMMT conference, the Transport Secretary, Mark Harper, said that the UK Gove

FOLLOW UP: EU CONSIDERING RETROACTIVE TARIFFS ON CHINESE EVSThe investigation, by the European Union, into if China subsidises the homegrown EV makers has, within an interim report, stated there is enough evidence to show there is unfair assistance. On top of this, imports have increased 14% since the investigation began. The fear is, if the rate of increase continues it will cause

FOLLOW UP: AGENCY MODEL CLARIFICATION Thank you to all who responded to Andrew’s request for more information on how the agency model works for car retails. We can now confirm, the query about who carries the financial liability, does in fact lie with the manufacturers now. To see who is moving to this model, click this link to an Auto Retail Network article. FEBRUARY 2024 NEW CA

FOLLOW UP: VOLVO TO SELL SHARES IN POLESTARWe begin to get the answer of what difference Volvo cutting funding will mean to their Polestar relationship, as they look to offload a large portion of the shares they hold. The plan is to drop from 48% of shares down to 18%. For more information, click this electrive article link here. STELLANTIS TO CONVERT LUTON PLANT FOR EV VANSStellan