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Car production increases again
Thu, 19 Sep 2013THE SOCIETY of Motor Manufacturers and Traders (SMMT) said UK manufacturers built 91,282 cars in August, up 16.2%, or 12,705, on the same period in 2012, leaving year-to-date volumes 3.1% ahead of 2012, at 984,545. The figures showed 20,298 cars were made for the home market this year, up 21.1%, while 70,984 were for export, up 14.8%. SMMT chief executive Mike Hawes said: "The past 12-months has been one of the most productive since late 2008." Samuel Tombs, of consultancy Capital Economics, said the CBI figures showed the manufacturing sector "continuing to go from strength to strength".
The great Tesla bubble of 2013
Thu, 03 Oct 2013Do I go too far out on a limb to suggest Tesla is the modern-day version of the Great Tulip Bubble of March 1637? Remember, that was when speculators drove prices of just-introduced tulip bulbs to astronomical heights. Some single bulbs cost more than 10 times an average working man's salary.
High Fuel Costs Forcing Drivers Off Road
Wed, 04 Dec 2013THE latest AA/Populus survey released to coincide with the Government’s Autumn Statement tells us something we probably already know: high fuel prices are continuing to force drivers to use their cars less. As part of its poll of 21,587 AA members, the organisation found that 45% are cutting down on car usage and 28% are slashing family or personal budgets to compensate. Semi or unskilled workers and pensioners are cutting back most on motoring, with 53% using their cars less.