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UK car output falls 14% in March, may get worse with no-deal Brexit

LONDON — British car output fell for the 10th month in a row in March, hit by a slowdown in key foreign markets, and the sector stands to suffer a lot more if the country leaves the European Union without a deal, an industry body said on Tuesday. Output tumbled by an annual 14.4 percent to 126,195 cars in March, the Society of Motor Manufacturers and Traders said. Exports, which account for nearly four out of every five cars made in Britain, were down by 13.4 percent. The SMMT said analysis it had commissioned predicted output would fall this year to 1.36 million units from 1.52 million in 2018, assuming London can secure a transition deal with the EU. If Britain has to rely instead on World Trade Organization rules for its trade with the bloc, which include import tariffs, output is forecast to fall by around 30 percent to 1.07 million units in 2021, returning to mid-1980s levels, the SMMT said. The forecasts were produced for SMMT by AutoAnalysis, a consultancy. Prime Minister Theresa May has secured a delay to the Brexit deadline until Oct. 31, giving her more time to try to break an impasse in parliament over the terms of Britain's departure from the EU. Foreign minister Jeremy Hunt traveled to Japan earlier this month to try to persuade the Japanese government and Toyota, which has a big presence in Britain, that London was determined to avoid a no-deal Brexit. "Just a few years ago, industry was on track to produce 2 million cars by 2020 — a target now impossible with Britain's reputation as stable and attractive business environment undermined," SMMT chief executive Mike Hawes said. "All parties must find a compromise urgently so we can set about repairing the damage and diverting energy and investment to the technological challenges that will define the future of the global industry." (Reporting by William Schomberg, editing by David Milliken)

LeTV's SEE Project will introduce new EV in Shanghai

It's very unlikely that many people here in the states will have heard of Beijing-based LeTV. Aston Martin, on the other hand? That's pretty stylish company. LeTV is working on an electric-vehicle project called SEE (Super Electric Eco-system). The concept version is slated to debut at the Shanghai Motor Show next April. LeTV says that that same month, the car will "roll of the production line," as well. That sounds awfully optimistic, to us, but we'll just leave that alone for now. The racing-car-shaped vehicle, which will have "high- and low-powered" versions, is about 11'5" long and 5'4" wide. That's about a foot shorter and a few inches narrower than a Mini Cooper. The twist, such as it is, comes from the fact that LeTV says it will develop the model with the help of both Aston Marin and BAIC Motor Corp., which adds a shade of legitimacy to the project. Aston Martin is in the process of launching its battery-electric Rapide sedan, which will have 800 horsepower and a 200-mile single-charge range, so that would ostensibly be a competitor to Tesla. The Rapide EV could run as much as $250,000. As for BAIC, is has been looking to expand its role in the plug-in vehicle sector since 2009, when it debuted a division called Beijing New Energy Automotive Co. Just last month, BAIC opened an electric-vehicle research and development center in California's Silicon Valley, the company's first outside China. You can take a look at LeTV's press release below. LeTV Partners With Aston Martin to Deliver Next Generation Electric Vehicles BEIJING and BANGALORE, October 6, 2015 /PRNewswire/ -- The most significant (monetarily) deal that came out of Angela Merkel's visit to India was that of a Euro 1 billion solar power fund solidifying India's stance to develop 100GW solar capacity by 2022. These are positive moves in a time when the focus on the effects of climate change are intensifying and how economies across the globe decide to combat the effects of it. One particular way in which India could benefit hugely from alternative fuels is from the perspective of vehicles. The nation recently joined the Electric Vehicles Initiative, a forum for global cooperation on the development and deployment of Electric Vehicles (EVs). With an interest in the Indian market, LeTV, a multinational company based in Beijing, announced its electric car plan on December 9th, 2014, when its founder, Mr.

Aston Martin to demo Vulcan at Spa 24 Hours

The Aston Martin Vulcan is an absolutely evil-looking hypercar with a low-slung, heavily angular shape that looks ready to challenge any track in the world. With a 7.0-liter V12 with over 800 horsepower on tap, it can complete a lap in the blink of an eye, as well. Unfortunately, the Vulcan isn't street legal, meaning that this beast is exclusively for the circuit. To show this carbon-fiber rocket ship off to some very wealthy potential clients, Aston Martin is bringing the limited model to the 24 Hours of Spa on July 25 for a few high-speed laps prior to the green flag. Works driver Darren Turner will be doing two flying laps around the picturesque Belgian track. As a member of the development team from the very beginning, there's likely no other person better suited to driving the hypercar than him. It should be quite a sight to see the black and blue machine shooting up Eau Rouge, too. Aston Martin Racing is also on hand for the actual race, and the squad has two customer teams in V12 Vantage GT3s in the Pro-Am class. If you can't make it to Belgium for the weekend, the event is also livestreamed on YouTube at the Blancpain Endurance Series' GT World channel. The event kicks off at 10:30 AM Eastern on July 25. ASTON MARTIN VULCAN TO RUN AT SPA 24 HOURS 23 July, Gaydon - The highly-anticipated Aston Martin Vulcan will attend the showpiece of the Blancpain Endurance Series, the TOTAL 24 Hours of Spa, this weekend (25 July) and will demonstrate its abilities as the ultimate track-only machine as it completes two flying laps of the world-famous circuit. With its 800-plus bhp powertrain developed in conjunction with Aston Martin Racing, the 7.0-litre V12 Aston Martin Vulcan will be driven by works driver Darren Turner (GB), who has been involved in the design and development of the car from its inception. Turner has more than 20 years experience in developing racing cars and relished the opportunity to put this track-knowledge into Aston Martin's most extreme sportscar. "It's been amazing to have been involved in this project from the beginning," said Turner. "From the conceptual sketches through to working with the designers on driver ergonomics, it is a fascinating process to be part of. "It was very early days for the car when we first ran it at Goodwood Festival of Speed, but we certainly made a good impression and now we get to show the car in its most natural environment.