Handbag luxury - 26 March 2024

FOLLOW UP: RENAULT VOLVO JV FOR EV VANS IS ON

Last week we discussed the Reuters article that stated Renault and Volvo will announce that their joint venture for electric vans will shut in early April. This turns out not to be the case. Thanks to Renault sources we can confirm the JV is still very much on. Click this article link from AMOnline to read more.

FOLLOW UP: FISKER TALKS WITH NISSAN BREAK DOWN

The electric car company Fisker, has had their shares suspended following a huge drop in price after news that talks with Nissan had ended. The terms for the extra funding from an existing investor were dependent also on these talks continuing. The expectation is for the company to announce bankruptcy very soon. You can read more by clicking this article link from TechCrunch.

FOLLOW UP: ASTON MARTIN NAME BENTLEY BOSS AS NEW CEO

Aston Martin name their next CEO, the boss of Bentley Adrian Hallmark. He has left the Crewe manufacturer with immediate effect and will start at Aston by the 1 October 2024. This will allow Amedeo Felisa to finally enjoy the retirement he was in before Stroll dragged him back into the automotive world. If you wish to learn more, click this Autocar article link here.

FOLLOW UP: MCLAREN OWNED BY BAHRAIN STATE FUND

The Bahrain sovereign wealth fund Mumtalakat has converted shares from one form into ordinary shares thus taking the total shares in McLaren to 100%. This will make it easier for them to find a buyer, float the company on the stock market or create partnerships. For more to this story, click this Autocar link here.

FOLLOW UP: INVESTIGATION INTO CAR FINANCE EXPEDITED

The Financial Conduct Authority (FCA) has announced that the investigation into car financing practices between 2007 and 2021 will be expedited. However, this is dependent on the companies involved providing the information. The FCA hopes to state the next stages of this by September 2024. If you would like to read more, click this Motor Finance Online article link here.

To check out the MoneySavingExpert help guide to see if you are eligible to claim, click this link here.

FOLLOW UP: LUTON AIRPORT CAR PARK FIRE DUE TO DIESEL VEHICLE

A joint report from Bedfordshire Fire and Police services has been released, with the fact that the fire was due to a faulty diesel vehicle and had nothing to do with any electric, hybrid or plug-in hybrid vehicle. Click this BBC News article link to read more.

LUNAZ GROUP CEASES ALL OPERATIONS

Lunaz Group, which under two different companies, retrofits classic cars and commercial vehicles, with electric powertrains, has called in the...


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