15 Is The Magic Number - 31 January 2023

FOLLOW UP: BRITISHVOLT BUYER SEARCHThe Administrator for Britishvolt, EY, has narrowed down the choice to five potential new owners. They are trying to select the winner by Tuesday 31 January, the day of recording. Click here for a link to the Financial Times article explaining more.FOLLOW UP: HMRC CHANGES AER CALCULATIONS Following feedback from industry, HMRC has changed how it calculates the advisory electricity rate, that dictates how much company car driving EV owners can get reimbursed for charging their car. To learn more, click this Fleet News article link here. AKIO TOYODA STEPS DOWN AS CEO OF TOYOTAShock news from Toyota as CEO Akio Toyoda announced he is relinquishing his role and becoming the Chairman. Koji Sato will become the president and CEO, stepping up from the head of both Lexus and Gazoo Racing. Click this link, to an Autocar article, to learn more. For more context about this and pointers to other thoughtful articles, click this Twitter thread link from Jean-Yves Jault. REBEL ALLIANCE REORGANISES Renault and Nissan have finally reached an agreement in the reorganisation of the alliance, primarily in the amount of shares Renaults holds in Nissan. Early indications are that Renault will reduce their shareholdings to 15%. Click this YahooFinance article link here to learn more. JLR POSTS PROFITJaguar Land Rover has posted a profit in last quarter of 2022, thanks mainly to US sales of Ranger Rover models, with pre-tax profits of £265 million. This is the first profit since 2020 for the company. Click here for the Autocar Business link. DRIVERS FINED INCORRECTLY IN FRANCEThanks to mistakes upon installation, a speed camera in France has “caught” 50,000 speeding vehicles. The camera was pointed the wrong way. The police and local mayor has told those affected to ignore any summons. Click here to learn more, from a Connexion article. VOLVO RECALLS OVER 100,000 CAR DUE TO SAFETY BRAKE FAULTVolvo has globally recalled in excess of 100,000 cars due to a fault on the automatic safety brake feature that might mean it does not deploy. To learn more, click this Autocar article link. UK GOVERNMENT INVESTS IN DECARBONISING ROADSThe UK Government is investing £30...