• Trade Vehicle Parts secures significant funding
    • 31/08/2023
    • Posted by: Alan Feldberg
    • Category: News
    Automotive supplier Trade Vehicle Parts has secured a seven-figure funding package from HSBC UK to source more vehicle parts from around the globe. The additional finance will enable the company import core stock from the likes of Taiwan, China, and Poland, while also refinancing the commercial mortgage for its [...]
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  • SMMT CEO joins Northern Auto Alliance
    • 23/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    SMMT Industry Forum has announced that CEO Ashley Fernihough has been appointed as the newest Board member of The Northern Auto Alliance (NAA). The NAA, created in March 2004, provides vital help, support, and a range of services to Northern Auto Businesses, from accessing funding to technical advice and strategy [...]
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  • Porsche IPO to fund Volkswagen electric shift
    • 20/09/2022
    • Posted by: Alan Feldberg
    • Category: News
    Porsche is expected to be valued at around €75bn when it floats on the Frankfurt stock exchange on 29 September. Parent company Volkswagen will offer 12.5% of Porsche, or 911 million shares, with shares valued at between €76.50 and €82.50. It hopes to raise up to €9.4bn from the offering, 49% of which [...]
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  • Local charities urged to ‘click and claim’
    • 03/06/2015
    • Posted by: Simon Wait
    • Category: News
    EDAM Group has launched a new charitable website encouraging local charities to visit and apply for up to £50,000 of charitable funds. The new ‘wheelsforgood’ website- launched this week- has upgraded  and streamlined its online service, making it simpler to use and easier for local charities to claim [...]
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  • Sigmatex receives vehicle lightweight funding
    • 27/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    bodyshop logo long
    Sigmatex has been awarded Government Funding through the Advanced Manufacturing Supply Chain Initiative (AMSCI) for a project that aims to produce higher volumes of composites in the UK to accelerate vehicle lightweighting. The Sigmatex Lightweighting Excellence Programme (LX) has been awarded £3.8 million from [...]
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  • £7.6m funding for local transport
    • 27/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    The government has today announced the winning bids for the Total Transport Pilot Fund that will allow local authorities in England to try new and better ways of delivering joined-up local transport in rural and isolated areas. The top three authorities which received the highest funding include Merseyside [...]
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  • Projects receive £80m boost
    • 27/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    Projects that will bring fuel cells into van fleets, develop high efficiency transmissions and create the next generation of electric and hybrid buses are among the latest to receive money from the joint £1 billion government and industry fund. Business secretary Vince Cable announced £80 million of new [...]
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  • Shortlist revealed for ULEV funding
    • 11/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    Today, government announced details of 12 UK cities shortlisted to share £35 million of funding to promote ultra-low emission vehicles (ULEVs). Bidding to be the UK’s first ‘Go Ultra Low Cities’, the shortlisted authorities have until 31 August 2015 to finalise their submissions, with the winning cities [...]
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