Category Archives: Motoring News

Shenzhen to issue only 100K new license plates per year in effort to combat congestion and pollution

Shenzhen, China - Shenzhen to issue only 100K new license plates per year in effort to combat congestion and pollution

On 30 December, the city government of Shenzhen, China announced that it will only issue 100,000 license plates per year via lotteries and auctions, with immediate effect, to fight congestion and pollution.

Company drivers ‘at fault’ in almost half of accidents

Businesses are being urged to improve driving standards among staff after research revealed company drivers were at fault for almost half of all accidents involving a company vehicle last year.

Statistics for accident management customers of Lex Autolease, the UK’s largest contract hire company, show company drivers were at fault for 49% of the 44,448 accidents recorded by the UK’s largest fleet provider in 2013.

Automakers halt Russia sales on ruble’s collapse

General Motors, Audi and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was the best way to deal with the ruble’s collapse.

Automakers are battling a more than 40 percent drop in the value of the ruble since June, Russia’s biggest financial crisis since 1998.

Former Saab owner Spyker is bankrupt: Press Release

spyker c8 car -  Former Saab owner Spyker is bankrupt

Spyker Cars — the Dutch supercar maker that was hurt by its acquisition of Saab from General Motors – was today declared bankrupt even as owner Victor Muller vowed to revive the company.

Russia’s ruble collapse hits Asian carmakers’ ambitions

Asian carmakers, which bet big on expanding in Russia, face a test of their commitment to a market they once hoped was set to surpass Germany’s by size as the ruble plunges and auto sales skid.

Manufacturers including Japan’s Nissan, China’s Great Wall and South Korea’s Hyundai and its Kia affiliate have been stepping up investment in Russia in recent years and are gaining market share in the country at the expense of European and U.S. rivals.