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Honda shift cut threat to 340 jobs

JAPANESE car giant Honda is to cut production at its UK factory from three shifts to two, threatening 340 jobs. Most cars built at the plant in Swindon, Wiltshire, are exported and sales in other countries have not been as strong as in the UK. "Over the last 12 months, we haven't seen the growth we'd anticipated.

Hyundai plots brave new MPV future

By Jed Maxwell Motor Industry 24 October 2008 09:00 Hyundai’s president believes his firm’s future lies in MPVs and more derivatives of its existing models. Kun-Hee Ahn, chief of the Korean firm’s European operation said: 'The world is currently a very unfriendly place for SUVs. For us the future has two directions.

Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.