The RHA’s claims of a “breakthrough” in its talks with ministers for extra support for the industry may come too late for many, as its own survey reveals thousands are now at risk of going bust. Responses to its surveys from companies running from one up to more than 50 HGVs show that 73% have significantly reduced or worse cashflow and 83% report significantly reduced or worse volumes. In addition, 15% said they had applied for a CBIL loan, but […]
UK automotive manufacturing sector needs further government intervention to ensure post-pandemic recovery, SMMT warns
The impact of the Covid-19 pandemic on manufacturing is expected to cut annual light commercial vehicle production volumes by a third to just 920,000 units this year, according to a report by the Society of Motor Manufacturers and Traders (SMMT).
Motorway trials of autonomous HGV platoons have begun after the project stalled during the start of the pandemic.
Strong growth in its logistics division helped offset declining revenues from transport at Norbert Dentressangle last year, leaving the firm’s turnover almost 4% up with a fractional increase in profitability.