Episode Details
Back to Episodes
Amazing Rainbow - 12 May 2026
Description
FOLLOW UP: FCA WARNS PAYOUT SCHEME MAY FOLD
The Financial Conduct Authority has warned that there will be a delay of unknown time frame and even the potential for the finance mis-selling scheme to be cancelled, thanks to the appeals lodged. For more information on this, click this Autocar article link here.
APRIL 2026 NEW CAR REGISTRATION FIGURES
April 2026 had the most registrations, since 2019. All except diesel market share went up, with BEV being the most impressive and ending up with an April market share of 26.2% meaning it is at 23.1% for the year so far. Once again Fleet is doing a lot of heavy lifting, although Private rose taking the year to date up to 40.1%. You can find out more, by clicking this SMMT article link here.
HONDA AUTOMOTIVE UK GETS A NEW BOSS
Michael Doyle replaces Rebecca Adamson, who moves to head up Customer Engagement for Honda Motor Europe. Doyle is coming from Honda Motor Southern Africa, where he was Vice President. Click this MotorTrader article link here, for more.
NISSAN TO MERGE SUNDERLAND PRODUCTION LINES
Nissan is consolidating production lines into one over the next year, at their Sunderland facility. This will apparently not lead to any job losses at the site. Production numbers in 2025 was nearly half that of 2019. For more on this story, click this link to read an electrive article.
PORSCHE COST CUTTING BEGINS
Porsche has announced it will close three subsidiary companies with 500 jobs going as a consequence. Cellforce Group, battery tech; Porsche eBike, electric drives for bicycles; and Cetitec GmbH, software for data communications are to be shut down. The company will now “refocus on its core business”. If you want to read more, click this Yahoo!Finance article link here.
FORD SELLING PART OF SPANISH PLANT TO GEELY
Ford is looking to sell part of their Valencia plant to Geely, which currently only makes the Kuga. This would be Geely’s first European production based. To find out more, click this Autocar article link here.
VW IS RIVIAN’S LARGEST SHAREHOLDER
The Volkswagen Group has upped its stake in Rivian from 8.6% to 15.9%, making it the largest single investor in the company. This moves Amazon to second. Rivian has been hitting the milestones the original deal required, which has meant they have received $3 billion from the German company since the announcement of the investment. You can read more, by clicking this TechCrunch article link here.