Purpose

I will try my best to provide detailed info on various cars and what is like to live with them, I have already produced a few for Jaguar-car-forums, I will do my best to be unbiased, but it will be hard for some cars. I will re-produce press releases and copy from other motoring news.
Showing posts with label ten year plan. Show all posts
Showing posts with label ten year plan. Show all posts

Friday, 26 December 2014

UK Government to fund £6 Billion for road repairs over the next ten years.

Transport Secretary announces £6 billion fund to help tackle potholes and improve local roads.

pothole

A record £6 billion will be spent on tackling potholes and improving local roads between 2015 and 2021, Transport Secretary Patrick McLoughlin announced today (23 December 2014).
The investment amounts to £976 million a year, enough to fix around 18 million potholes across the country.

It is the first time councils have been given locked-in funding over this length of time, which will help them plan ahead and save money for the taxpayer.

Patrick McLoughlin said:
“Roads play a significant part in everyday life. Poorly maintained local roads, blighted by potholes, are a menace to all road users, particularly during the festive period as people travel to see family and friends.

“It is vital we have good quality roads. This government has already taken strong action by spending £1 billion more on local roads maintenance than was spent in the previous parliament.

“The £6 billion funding I am announcing today will put an end to short term fixes and will mean we have committed £10 billion between 2010 and 2021.

“This huge investment is part of our long term economic plan to ensure we have a transport network fit for the 21st century.”

The Department for Transport allocates funding to local authorities based on local need, so councils with larger highway networks receive more of the funding.

Over £4.7 billion will be shared between 115 councils, while a further £575 million will be available through a new challenge fund to help repair and maintain local highway infrastructure such as junctions, bridges and street lighting.

Details of funding allocations are available as an interactive map.

It was also announced today that £578 million has been set aside for an incentive fund scheme which will start in 2016 to reward councils who demonstrate they are delivering value for money in carrying out cost effective improvements.

Matthew Lugg, director of public services for Mouchel Infrastructure Services and advocate for the highways maintenance efficiency programme, said:
“Taking a more holistic approach to planning roads and services can be game changing and deliver greater efficiencies.

“Councils who think about long term planning and how they work together to share their resources, achieve greater economies of scale and keep the road surface in good repair, ensuring value for money for the taxpayer. Today’s announcement by the government will help to deliver this.”

Geoff Allister, executive director of the Highways Term Maintenance Association (HTMA) and advocate for the highways maintenance efficiency programme, said:

“We congratulate the Transport Secretary in taking the step of introducing an incentive element from 2016/17 into the local highways maintenance funding for councils.

“Those that can show they truly understand the value of their asset can plan greater efficiencies and deliver cost-effective, preventative maintenance, making the available money go even further.”

Wednesday, 4 June 2014

Vauxhall/Opel plans 27 new models and 17 new engines by 2018.

  • Market share in Europe to increase to 8 percent by 2022
  • EBIT margin of 5 percent targeted
  • 27 new models and 17 new engines by 2018
Opel News - Dr. Karl-Thomas Neumann, Chairman of the Board of Adam Opel AG



















Opel has presented an update of its DRIVE!2022 strategy. The company has set itself five strategic objectives. By 2022, Opel and Vauxhall are aiming for 8 percent market share in Europe, with the focus on profitable growth. The profit margin (earnings before interest and taxes – EBIT) is targeted to reach 5 percent. At the same time, the company plans to further enhance the quality of its products as well as the satisfaction of its customers and employees.

Opel CEO Dr. Karl-Thomas Neumann: “In the past months Opel’s management team has worked hard on advancing the DRIVE!2022 initiative. The catalogue of strategic targets presented here today is the result of our efforts. We have already made the preparations for implementing the plan step by step. We have the full backing of our parent company General Motors.”



Opel is focusing on three strategic priorities: models, brands and an improved market penetration. The model and engine offensive is continuing at a fast pace. A total of 27 new models and 17 engines are planned for the years 2014 through 2018.

The second strategic priority is the strengthening of Opel’s image as an emotional, approachable and German brand. The values are brought across by such factors as technical innovations, German engineering skills, and good value for money. Technical innovations, for instance, are exemplified by OnStar, the next stage of vehicle connectivity that will turn the automobile into a Wi-Fi hotspot starting in 2015.

Market share and growth targets represent the third priority. By 2022, Opel plans to increase its market share in Germany from 7.2 to 10 percent. In Europe (including Russia and Turkey), the company aims to raise its market share from a current 5.8 to 8 percent. By 2022, Opel plans to become the number two in the European passenger car market together with its British sister brand Vauxhall.

Opel announced the DRIVE!2022 ten-year plan for the first time in summer 2012. In 2013, the company had already made substantial operational progress, cutting its losses in Europe by more than half. Opel expects 2014 to be a challenging year. On the one hand, the company continues to improve its operational business. On the other hand, non-recurring costs such as the closure of the plant in Bochum and volatile currencies will put pressure on earnings. Opel plans to return to profitability by mid-decade thanks to a number of measures, including lower product and structural costs, improved capacity utilization of plants, higher sales revenues and the improved brand profile.