Trade deals, tariffs and Brexit: how will they shape UK prospects?

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Home › Articles › Trade deals, tariffs and Brexit: how will they shape UK prospects?These significant forces have not yet led to a major change in export markets served by UK vehicle companies, but they could in the future, writes Ian HenryUntil the Brexit vote in 2016, few people in the UK, even within the automotive sector, knew much or even thought about trade deals and tariffs. The Brexit negotiations changed that and the actual and potential costs of leaving a large trading bloc were front and center of the industry’s concerns. The UK-EU Trade and Co-operation Agreement…
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Braking defect prompts Tesla’s big recall in China

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Tesla Inc. recalled virtually every car it’s sold in China due to a braking and acceleration defect that may increase crashes and safety risks. The automaker will deploy an over-the-air software fix to more than 1.1 million vehicles produced in Shanghai from January 2019 to April this year, plus some models imported into China, the State Administration for Market Regulation said Friday in a statement. The defect relates to Tesla’s regenerative braking system, which makes use of energy created when drivers take their foot off the accelerator by sending power to the car’s battery. The vehicles haven’t allowed drivers to…
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Join the AutoForm Global Webinar: A Smart and Systematic Approach for Tube Forming Engineering, 24 May, 2023

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Systematic Process Improvement for Tube Hydroforming Tubing contributes to lower costs, advanced safety and lightweighting of automotive components such as chassis parts, shock absorbers, suspension arms, seats and instrument panel beams. Tube hydroforming is the process of manufacturing such critical components and the success of the tube hydroforming process depends on the best combination of material properties, process parameters, process sequence and die geometry. In this webinar we will focus on a smart systematic process improvement approach to find the optimum hydroforming solution for a high strength steel tube component efficiently in a shorter time. This can result in significant…
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Here’s a look at why

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Consumers who want to spend their tax refunds on a car may be disappointed this spring: Prices are rising. Signals from the used-car market are flashing higher prices ahead, reversing a decline that started last fall. Manheim, which auctions used cars to dealers, reported a 4.3% increase in vehicle prices in February, the largest increase for that month since 2009. Another tracker of wholesale used-car prices, Black Book, said prices rose 0.46% for the week ended March 11, the largest single-week increase since November 2021.Because prices in the used-car wholesale market typically change about four to eight weeks before…
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45% of used-vehicle loan terms ‘frighteningly’ long at 84 months, up from 25% in 2021

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With high vehicle values ​​and high interest rates compromising affordability, buyers — particularly entry-level ones — have been forced to extend borrowing time frames, Ross said. “Consumers are looking to stay in a consistent monthly payment range to what they used to previously, so the only thing they have is to elongate that loan term,” he said. Ross, Karwel and Abraham saw little relief in sight for buyers as both new- and used-vehicle inventories remained tight. UPSIDE: MORE F&I SALES For dealers, however, the longer loan timelines are creating opportunities. Finance and insurance products, once pitched when selling new-vehicle sales,…
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Best 0% APR Car Deals: May 2023

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The best 0% financing deals on new cars, SUVs, and trucks in May involve no-interest auto loans for 72 months plus as much as $25,000 in financing incentives which can save you a significant amount of money. In many cases, 0% APR deals on cars can beat interest rates from banks and credit unions. While it may seem like rates are only going up, several car brands are still offering zero-interest loans on cars. Most of these incentives may require top-tier credit in order to qualify and can sometimes vary by region. Be sure to check with your dealership for…
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Cupra announced Raval as the name of small electric hatchback

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Also on Thursday, the Seat announced record operating profit for the first quarter of 2023, at 144 million euros, compared with five million euros in the first quarter of 2022. Revenue was 3.6 billion euros, 48 ​​percent higher than the first quarter of 2022. Cupra began as a trim line of Seat and became its own sub-brand under former CEO Luca de Meo, now CEO of Renault Group. Cupra is now Seat’s main growth driver, Seat said. Seat said Cupra sold 46,600 units during the first quarter of 2023, 83 percent more than in the same period in 2022. Seat…
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Regina automotive garage hopes a switch to 4-day week will help work-life balance

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A handful of mechanics in Regina now have a work week that is one day shorter than most. The automotive repair shop run, Kinetic Auto Service, asked its workers how it could improve their employment. Their response: a four-day work week. “I was actually really looking forward to having more time to spend with my family,” Kinetic technician Allie Punga told CBC. “I have a six-year-old and we have another one on the way, so any extra time not at work is a bonus.” Kinetic employees will work 10-hour days from Tuesday to Friday, then have a three-day weekend. Punga…
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