Monthly Archives: July 2012

Autocar Competition – win a job, not a car

July 14, 2012   simon

Autocar is running a competition for young people, with the prize of five work experience placements, £7500 cash – and the near-certainty of a good job in the car industry at the end of it. The competition is timely, given that the majority of people in work believe that it is now much harder for young people to enter the job market than it was when they joined.
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Renault boss: Geordies are not from Mars shock

July 14, 2012   simon

As well as 8,000 job cuts at Peugeot, which was covered yesterday, Renault is facing big problems. Sales in Europe dropped by 14.9% in the last six months, partially offset by a 14.3% rise outside Europe – but it sells fewer cars outside Europe, so the latter does not compensate for the former.
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Supercar Sunday this weekend at Brooklands

July 14, 2012   simon

As a kind of aperitif for next week’s Silverstone Classic, there is an open day for supercars at Brooklands in Surrey. The event will be using the excellent Mercedes-Benz World track – and a quick thank-you is in order to Mercedes for opening their circuit to other marques.
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Vauxhall shows Adam premium city car

July 13, 2012   simon

Vauxhall wants to stop being known as the purveyor of bland cars to large fleets and daily rental companies, so it is launching its first premium car – the Adam. It might seem strange that its first premium car is also going to be its smallest, but the idea makes a lot of sense. No-one is going to buy a large premium Vauxhall in preference to a BMW or Audi, and the Citroen DS3 has shown how a funky small car can transcend the image of its manufacturer. Citroen might not be fashionable, but the DS3 certainly is.
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Peugeot announces huge losses and factory closure

July 13, 2012   simon

PSA Peugeot-Citroen (to give the company its official title) has said it is currently losing £90 million per month and will close its big Aulnay factory near Paris and reduce output at its Rennes factory as well, with a total loss of 8,000 jobs. The company is also burning its way through £150 million in cash per month, which is even more serious than the losses. As accountants like to say, “Profit is a concept, but cash is a fact”
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