VWFS targets digital future with double board appointment
Volkswagen Financial Services UK (VWFS) has confirmed the appointment of Dan James and Matt Solven to its board of directors. James will join VWFS as marketing director and chief digital…
Lockdown woes cause 10% fall in dealer confidence
There has been a 10% fall in dealer confidence since August 2020, suggesting that the…
Cox Automotive completes acquisition of pkwNOW
Cox Automotive has completed the acquisition of pkwNOW, a dealer-to-dealer online auction platform in Germany, for an undisclosed fee. Headquartered…
Ford halts factory production due to semiconductor shortage
Ford has said it would halt production at its German plants in Cologne and Saarlouis for several weeks due to a lack of semiconductors. The two plants make about 2,000 vehicles…
Reopening showrooms give new car market a 30-fold sales boost
April saw a 30-fold year-on-year increase in new car registrations, driven by the reopening of showrooms on 12 April, according to the latest figures from the Society of Motor Manufacturers…
Ford and BMW invest in solid-state battery startup
Solid Power, a producer of solid-state batteries for electric vehicles, has announced a $130m Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies.…
Climate change the most material ESG issue: Poll
The importance of environmental, social, and governance (ESG) factors for sustainability in investment and business decisions have been accentuated by the COVID-19 pandemic. In a poll conducted by Verdict to…
Used car market must proceed with caution, warns Cox Automotive
Stock uncertainty will persist in the short-term, and players in the used car market must act with caution amid promising forecasts, Cox Automotive has warned. Despite 54% of dealers feeling…
Self-driving vehicles could be on British roads ‘by end of 2021’
Self-driving vehicles could be allowed to drive on British roads by the end of 2021, the Department for Transport has revealed. Following a call for evidence, the government has set out…
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