THE parent company of Belfast-based motor retailer Charles Hurst has delivered an upbeat first quarter trading update against the backdrop of a declining UK new car market. Lookers says it has far outperformed the new car sales market (that represents a third of the gross profit for the group) and continued its momentum in used and after-salesWhile new car registrations reduced by 12.4 per cent in the UK to 718,489 cars in the first quarter, industry forecasts by the Society of Motor Manufacturers & Traders for the full year are now at 2.4 million. And while this is a reduction of 5.6 per cent compared to last year, it remains a very high level of registrations compared to historical levels. Against this background, turnover of new cars at Lookers decreased by 4 per cent in the three months to March 31, significantly better than the total market reduction, though its total gross profit from new cars reduced by 8 per cent, with a modest reduction in profit per unit.In the used car … [Read more...] about Upbeat trading statement from Charles Hurst parent in declining UK new car sales market
New united motor manufacturing
With its electric cars all over local roads, its sales and service centers springing up in new locations and its massive Fremont manufacturing plant looming beside Highway 880, Tesla is highly visible to Bay Area residents.Now, for the first time, the Bay Area is getting a detailed look at Tesla’s economic impact on the region and the state from a report Tesla released this week showing it is pumping billions of dollars into California’s economy.Tesla commissioned the report, prepared by research firm IHS Markit. It says that during 2017, Tesla’s operations were directly responsible for $2 billion in California’s gross state product, and that figure grew to $5.11 billion when including what the company calls “Tier-1 suppliers” such as contractors working for Tesla that aren’t Tesla employees, Tesla supply chain providers, and the economic impact of Tesla upon other businesses across the state.In the Bay Area, Tesla’s biggest impact is … [Read more...] about Just how much is Tesla worth to the Bay Area and California?
By Kevin Dayton | PUBLISHED: May 1, 2018 at 6:45 am | UPDATED: May 1, 2018 at 6:54 am In April 2010, the New United Motor Manufacturing, Inc. (NUMMI) plant in Fremont closed its doors. Several months later, the plant got a new lease on life when high-tech automaker Tesla bought it to assemble its electric cars. At the time, a local official with the United Auto Workers union said he was “thrilled” the company “would bring a lot of jobs to California.” Eight years later, the union and its allies are singing a different tune about Tesla, encouraging negative media coverage of the company as part of an attempt to organize the factory workforce. Outside observers trying to make sense of the union’s rhetoric would be wise to revisit its history at the plant. NUMMI had opened in 1984 as a joint venture of General Motors and Toyota, a successor to a GM plant that opened in 1962 and closed in 1982. Deserved or not, UAW had a notorious history at this … [Read more...] about Opinion: Would Tesla close unionized plant like GM and NUMMI did?
Oppo is poised to unveil a new flagship smartphone later this month, the N3, and all signs point that the device will be as compelling as its Oppo N1 predecessor, if not more. The manufacturer seems to be eager to unveil the N3 as soon as possible, too, because it has been constantly feeding us with breadcrumbs of info regarding its to-be-unveiled device. The company already showed the rotatable camera of the device several days ago and revealed its Galaxy Note 3-esque faux leather design, but this was not enough for Oppo. The latter released an official video which showcases the swiveling camera of the N3 in action. Dubbed “Smart rotating camera”, the camera unit does not seem much different from the one in the N1, but that's only at first sight. Surprise, surprise, it seems that the snapper of the N3 will rotate to and fro thanks to a built-in motor, while the one in the N1 has to be manually swiveled. When you opt to shoot the occasional selfie or two and select the … [Read more...] about Oppo shows the rotatable camera of the N3 on video: it swivels thanks to a built-in motor
Nissan was the first to introduce an all-electric vehicle to the mass market with the original Leaf appearing way back in 2010. Since its arrival, Nissan has sold more than 283,000 cars, making it one of the world's best selling electric vehicles.With competition hot on its heels though, not just from the headline-grabbing Tesla Model 3 but with most other car manufacturers posturing about electric vehicles, it's time for the Nissan Leaf to take its electric game to the next level. And it seems Nissan is off to a hot start, reporting in January 2018 that 12,000 orders have already been placed...Nissan Leaf 2018: Exterior design 4480mm in length, 1790mm in width, 1540mm in height 2700mm wheelbase Significantly improved design over predecessor The new Nissan Leaf brings with it a whole new design, which will come as no surprise to most. The current model features an aerodynamic underbody and rear diffuser, allowing air to flow smoothly underneath, … [Read more...] about New Nissan Leaf 2018: Release date, specs and everything you need to know