Money: May in bid to electrify embattled car industry - - PressFrom - United Kingdom
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MoneyMay in bid to electrify embattled car industry

15:30  15 july  2019
15:30  15 july  2019 Source:   news.sky.com

A year of hurt for UK motor industry: Car manufacturing falls for 12th consecutive month as May outputs dip 15%

A year of hurt for UK motor industry: Car manufacturing falls for 12th consecutive month as May outputs dip 15% UK car factories built 116,035 new models last month - 21,239 fewer than in May 2018. Industry bosses warned that the sector faces 'seismic challenges' ahead. © Provided by Associated Newspapers Limited A full year of hurt: UK car makers posted a 15.5% decline in outputs in May - the 12th consecutive month that production has dropped The decline in outputs in May means UK production is now 21 per cent behind in 2019, the figures from the Society of Motor Manufacturers and Traders show. By the end of May last year, some 705,774 new cars had rolled off assembly lines.

Embattle definition is - to arrange in order of battle : prepare for battle. These example sentences are selected automatically from various online news sources to reflect current usage of the word ' embattle .'

Embattled definition is - ready to fight : prepared to give battle. How to use embattled in a sentence. b : characterized by conflict or controversy an embattled presidency. Examples of embattled in a Sentence. the embattled coach of a losing team.

May in bid to electrify embattled car industry © Getty The car industry has called for incentives to help drive electric car sales

Theresa May will pledge to offer new financial support for Britain's embattled automotive sector in one of her final efforts to cement an economic legacy before she leaves Downing Street.

Sky News has learnt that executives from BP, Honda, Jaguar Land Rover (JLR) and Tesla will meet the prime minister to discuss the provision of export finance guarantees to companies playing a role in the car industry's electrification.

Sources said on Monday the proposal would be among a package of measures discussed with industry bosses at the meeting.

Office latest chain to step towards shop revamp

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Sirtex Medical said farewell to Varian on Thursday and hitched its wagon to CDH Investments, which had launched a competing bid for Sirtex in May . This will be the industry 's third-largest M&A so far this year. For information on other top medtech deals reported this year, see this recent slideshow.

Embattled Israeli Prime Minister Benjamin Netanyahu is putting President Trump at the center of his re-election campaign, as he faces pressure from political rivals and a possible indictment on corruption charges.

A number of export loan guarantees to individual companies are expected to be announced following the talks, they added.

The support is expected to focus on companies involved in exporting electric vehicle charging technology, electric engines and vehicles.

May in bid to electrify embattled car industry © Reuters Jaguar Land Rover chief executive Ralf Speth is expected to be among industry bosses at the meeting The size of any financial package was unclear ahead of the discussions.

The meeting will take place just days before Mrs May steps down, and little more than a week after JLR said it would build new electric vehicle models at its Castle Bromwich plant in the Midlands.

That announcement provided a major boost to an industry which has been left reeling this year by a series of decisions by car-makers to scale back their operations in Britain, with consequences for thousands of jobs.

A number of auto-switching services could be at 'real risk' in coming months, industry insider says as energy suppliers axe commission

A number of auto-switching services could be at 'real risk' in coming months, industry insider says as energy suppliers axe commission Many auto-switching services are powered by commission from the energy companies that they switch customers to - meaning this latest move could put them at real risk in the coming months.

Electrified transport, in some form, would seem to be in our future. But how long will investors have to wait for the bet to pay off? The stakes are high for companies in these industries . In the near term, executives should determine how to win revenues and contain costs if the governments of China and

May 11, 2016. In the latest attempt to restore confidence in its business, the embattled Silicon Valley blood-testing company The proposed sanctions include revoking the California lab’s certification and barring Mr. Balwani and Elizabeth Holmes, Theranos’s chief executive, from the industry for two years.

Nissan has decided to build its new X-Trail SUV in Sunderland, while Honda's proposal to close its Swindon plant in 2021 was a devastating blow to the industry.

Gallery: 9 mind-blowing facts about the United Kingdom's economy (Business Insider)

May in bid to electrify embattled car industry

More recently, Ford said it would shut its Bridgend engine plant next year, with the loss of 1,700 jobs.

Last week, the Society of Motor Manufacturers and Traders said that sales of low-emission cars had fallen in June, representing the first monthly decline in more than two years.

A No 10 spokeswoman confirmed that the meeting with automotive and energy sector bosses would discuss "ways that the government and industry can work together to support electrification" but declined to give further details.

MSN are empowering Women In Sport this summer. Find out more about our campaign and the charity fighting to promote the transformational and lifelong rewards of exercise for women and girls in the UK here.

Braun returns to audio industry after nearly 30-year hiatus.
Despite originally establishing itself as an audio company nearly 100 years ago, Braun found itself in a position where it had to leave the industry in the early 1990s. 

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