Author: Tom Seymour
Automotive executive search specialist Ennis & Co Group has launched an expanded interim talent service to fulfill a surge in demand by automotive and mobility brands for short-term placements at senior leadership level. The growing need for interim senior hires is being attributed to the rapid transformation going down across the industry, with businesses requiring experienced executives who can step in at short notice to guide restructuring efforts, oversee mergers and acquisitions, establish latest entrants out there and navigate periods of transition. Such is the pace of transformation, many businesses are choosing contract hires over everlasting appointments to avoid lengthy recruitment processes…
Nearly two-thirds (63%) of UK motorists haven’t any plans to purchase an electrical vehicle (EV), based on a brand new survey by insurers AXA UK.The survey of 1,501 UK motorists highlights the dimensions of the challenge facing dealerships as they give the impression of being to help more drivers to make the switch to EV where suitable.Of those with no plans to buy an EV, greater than a 3rd (37%) say concern over battery lifespan is one in every of the essential reasons. Nearly two-thirds (63%) of UK motorists haven’t any plans to purchase an electrical vehicle (EV), based on…
Political activists Led By Donkeys have used a Tesla to write down an enormous message on Black Rock Sands beach in Wales as a part of its campaign against Elon Musk and the US EV brand. The video has been viewed over 30,000 times since being posted on March 17 and has been picked up by mainstream media outlets. A decription for the video states: “Hundreds of individuals are ditching Tesla. Here’s certainly one of them with a message you possibly can see from space.” Professor Jim Saker, regular Automotive Management contributor and president of the Institute of the Motor…
Close Brothers Group has posted an operating loss before tax of £103 million for its half 12 months results. The figures have caused a 14% drop within the firm’s share price. Mike Morgan, Close Brothers chief executive, said the performance is one in all strength and resilience of the firm’s business model despite putting aside a provision of £165 million to ready the business for a possible redress scheme for purchasers if one is introduced by the Financial Conduct Authority (FCA). The FCA continues to be reviewing motor finance commission arrangements and a Supreme Court appeal process is pending firstly…
Used battery electric vehicle (BEV) prices could finally have bottomed out in accordance with the newest Indicata Market Watch used automotive pricing insights report. BEV prices have moved by just 0.8% between July 2024 and January 2025 which translates to only £160 on a typical £20,000 used automotive. This comes as sales of used BEVs accounted for a 5.9% share of the whole used market in January, which is a record for the reason that Indicata report was launched five years ago. The trend of stable prices and growing sales comes at an important time for the industry as stock…
Pinewood Technologies Group has began trading on the OTCQX Best Market which can open the door to US investment within the business. The brand new development falls in keeping with Pinewood’s plans to expand within the US after acquiring artificial intelligence (AI) specialist Seez. The investment in Seez is a component of Pinewood’s plans to expand into the US market, in partnership with Lithia Motors. Pinewood’s admission to the OTCQX market will provide trading for investors within the US, ensuring they’ve access to the identical level of knowledge and disclosure available to investors within the UK, but through US-facing platforms and portals. The corporate’s atypical shares…
The multi-million pound project to ascertain an electrical vehicle (EV) battery gigafactory at Bridgwater has taken one other step forward with work starting with National Grid. The EV battery production facility – run by Tata Group’s global battery business Agratas – is on account of open in 2026 and goals to produce almost half of the batteries needed by the UK’s automotive industry by the early 2030s. National Grid has now began the engineering work to attach the UK’s biggest battery factory to the grid. National Grid Electricity Distribution (NGED) is constructing two interim 33kV connections which can power the Agratas…
Auto Trader, the UK’s largest automotive marketplace, has announced a brand new podcast to showcase the automotive industry as an incredible place for girls to work to draw and retain talent. Women within the driving seat, hosted by the corporate’s editorial director Erin Baker, brings pairs of guests together to tackle topics resembling sustainability, customer support and the retail sector. In addition to examining key industry trends, the discussion will even provide an area for guests to share the balls they’ve dropped and the plates they’re spinning. The primary episode, launching on February 20, features racing drivers Nathalie McGloin and…
Used cars are selling at a record pace and costs are continuing to stabilise up to now in 2025, in keeping with the most recent data from Auto Trader. Based on over 800,000 day by day observations across the entire retail market, Auto Trader’s Retail Price Index reveals the common retail price of a used automotive (£16,774) was flat in January on a month-on-month (MoM) and like-for-like basis; a contrast to the 1.9% decline recorded in January 2024. And with trade values recently trending above retail, it’s likely prices will strengthen further over the approaching months because the market adjusts…
Nearly half of automobile buyers expect to make a purchase order before the tip of the yr, while most prefer to sell their existing automobile to a dealer and are willing to travel as much as 50 miles to seek out the suitable automobile. These are among the many findings of the most recent Motors Consumer Insight Panel, independently researched by Insight Advantage, which has polled the views of two,000 automobile buying decision makers. The study found 47% want to buy inside the subsequent 12 months, a rise on the 40% who planned to accomplish that when last asked in September,…
