This week Andrew is flying solo due to a lack of internet where Alan is. So buckle up, Eeyore is taking you through the news!
FOLLOW UP: PSA FINALLY OWNS OPEL/VAUXHALL
PSA has finally sorted all the financial business arm details required to be confirmed as owners of Opel/Vauxhall. Now the hard work of making Opel/Vauxhall viable is underway. 2020 has been given as a target for positive operational free cash flow, combined with an operating margin of 2%. To read more click the Autocar link here.
NEW CAR REGISTRATIONS FIGURES OCTOBER 2017
SMMT announced a 12.5% decline in new car registration figures, for October 2017. Diesel is heavily hit, with future uncertainty for diesel and Brexit being blamed. To read SMMT’s article and see the figures click the link here.
The problems being faced are real for franchise companies. Pendragon announced a 20% drop in pre-tax profits for 2017. To read more click the Automotive Management article here.
Some are questioning if it is all the fault of Brexit and uncertainty about future clean air action. The Car Expert posted an article suggesting finance deals are not the golden goose they were once thought to be. However residual values, along with longer terms being taken mean there is not the turnover of cars that would sustain the levels we’ve seen. To read more click the link here.
LONDON TO BRIGHTON VETERAN CAR RUN
The wonderful London to Brighton car run took place on Sunday, with many motoring journalists involved. Unfortunately, there was an accident that resulted in six people being injured. To read more click the BBC News link here. To see more about the event click the Royal Automobile Club link here.
TESLA POSTS $619 MILLION LOSS
Tesla released their third quarter, in 2017, figures and confirmed they lost $619 million. With ‘bottlenecks’ hampering Model 3 production, this was not a comfortable earnings call for the company. During the call Musk also stated that 5000 units a week won’t happen until towards the end of the first quarter of 2018. To read more click the Autocar article here.
TRANSPORT MINISTER SPEAKS ABOUT AUTONOMOUS CARS
Chris Grayling has told an audience that autonomous cars will be driving on UK roads in 2021. He discussed how positive this will be for those whose needs are not currently met by transportation on offer.
Andrew is very skeptical of this and worried about such statements. His scepticism isn’t helped when we hear three conflicting stories about Grayling’s experience of the driver assistance currently on offer in a Tesla.
To read more click the iNews article link here.
INSURANCE INDUSTRY OUTLINES DRIVERLESS CAR COVER
The Association of British Insurers has outlined 10 criteria to call a car automated. Click the Autocar link here. Again Andrew has issues with the suggestions, but they are better than the Bill discussed recently on the show.
Toyota has been talking about their work towards autonomous features. Their approach is much more pragmatic and conservative than much of the industry and politicians. They're adamant the technology must be safe before they will deploy it to customers. A rare voice in the sea of (blind) optimism when it comes to such technology. To read more click the Autocar article here.
EU PROPOSED CUT IN EMISSIONS FROM 2021 TO 2030
On the day of recording, the EU has outlined proposals of cutting emissions from cars and vans of 30% by 2030, from 2021. This will mean a fleet average of 66g/km. Initial reaction from manufacturers was that this is too tough, but there will be a more detailed response by next week. To read more click the Autocar article here.
JAGUAR MISSION MOTORSPORT POPPY CAR
Jaguar revealed the Mission Motorsport Poppy Car. The F-Type that will be the pace car for this year's Race of Remembrance. A second F-Type is visible from the M6, on one of the Jaguar buildings at Castle Bromwich. To read more click the Motoring Research article here.
LIST OF THE WEEK: RETRO BARGAINS FOR NEC CLASSIC MOTOR SHOW
With the NEC Classic Motor Show in the NEC this weekend, friend of the show @MajorGav has compiled a list of retro bargains you could buy and drive there. To see more click the Motoring Research article here. No responsibility will be accepted from the podcast, by those purchasing anything off this list!
AND FINALLY: THE FUTURE IS NOT BRIGHT NOR ORANGE
Automotive News published an article that many sent Andrew’s way, which was an interview with Bob Lutz, ex-vice chairman of GM. He was discussing autonomous vehicles, a theme this week, and described quite a bleak future. To read more click the link here.
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