Britain’s biggest carmaker, is poised to announce the elimination of around 1,000 posts currently filled by workers on short-term contracts as it grapples with slumping U.K. sales of diesel autos and uncertainty around Brexit.
It added: “In light of the continuing headwinds impacting the car industry, we are making some adjustments to our production schedules and the level of agency staff.
“We are however continuing to recruit large numbers of highly skilled engineers, graduates and apprentices as we over-proportionally invest in new products and technologies.
“We also remain committed to our UK plants in which we have invested more than £4bn since 2010 to future-proof manufacturing technologies to deliver new models.”
Production will be cut at the Castle Bromwich and Solihull sites, with affected staff based at Solihull.
Jaguar Land Rover would not confirm the number of jobs to be lost but said the changes would largely see agency staff not having their contracts renewed. A source told the Reuters news agency that 1,000 roles would be cut.
There are 3,200 people employed at the Castle Bromwich site and a further 10,000 at Solihull.
Some staff roles will also be moved from Castle Bromwich to Solihull.
Speaking to Sky’s Ian King in March, chief executive Ralf Speth had said: “The economy is weaker in the UK than in any other European country but it’s also quite clear that the diesel discussion, additional taxes on the latest technology have created a reaction in the consumer base.”
In January, the firm had said it would temporarily reduce production at its other British plant of Halewood this year in response to weakening demand due to Brexit and tax hikes on diesel cars.
When asked in March if there could be further production cuts at the carmaker’s UK plants, Mr Speth told Ian King: “It’s quite clear that if there’s no demand, then we have to adapt our production levels.
“It’s unfortunate that in the UK demand is not there anymore, and the UK is our home market.
“So in our home market, it’s important that the economy can grow and that we have free opportunity to sell our cars.”
Jaguar sales have fallen 26% so far this year and Land Rover dropped 20%.
Julian Knight, MP for Solihull, said: “The news that has come to us is disturbing, and I am in regular contact with JLR on this issue.
From its etymology, cars were made as means of transportation, with the first steam-powered automobile capable of human transport produced in 1769 by Nicolas-Joseph Cugnot.
Over time, car making has evolved from the first combustion engine fuelled by hydrogen made in 1808 to the 1870 first gasoline powered combustion engine to 1903 when Ford produced thousands of affordable cars for sale.
In recent times, cars have moved from being just a means of transportation to being a symbol of status and power used by the very wealthy and influential.
From the stupendously-rich monarch in the Middle-East, to wealthy business moguls in Europe and America, cars have become another means of showing off wealth.
Big names like Lamborghini, Aston Martin, Rolls Royce often come at very high prices and are only meant for rich collectors as many of them are often sold out before they reach the public.
While most of the cars listed here are wildly out of the reach for most, it is a sheer pleasure just to look at them.
Some of these cars are more expensive than the most affordable Jet: the Cirrus Vision 5-seater jet which goes for $1.96 million.
In fact, the most expensive car in the world which goes for N3.9 billion ($13m), can buy 6 Cirrus Vision Jets. However, most of them are not available in the open market as there are only very limited quantity or they are manufactured on request. In fact there is only one of the most expensive car in the world and it would not be replicated.
The 10 most expensive cars in the World fall within below category:
Bugatti Chiron – $2.7m (N826 million)
This is one of the latest range of high priced cars made by Bugatti and it starts at around $2.7 million. However, prices are expected to reach $3 million in the least, long before it hits the market.
The Bugatti Chiron is hyped by its manufacturers and touted as the World’s most powerful, fastest, most luxurious and most exclusive production super sports car.
It is a fine example of the collusion of aerospace and automotive engineering to produce a classic device that could give a speed of 268 mph. The 8.0 litre turbo-charged W-16, 1,500-horsepower engine is actually 300 more than the Super Sport, the fastest Veyron model.
Its top speed has been limited to 261 mph on the road, its actual top speed is yet to be tested.
Pagani Huayra BC – $2.8 million (N856 million)
This is the most expensive Pagani ever made and named as a tribute to Benny Caiola, a noted Italian investor with probably the best collection of Ferraris and a very close friend of Horacio Pagani.
This car was first seen at the 2016 Geneva Motor Show with many cool aero features. It is equipped with a 6.0 liter V-12 bi-turbo AMG engine and produces 790 horsepower and 811 lb-ft torque.
And the most amazing bit is that the BC takes over the Huayra by changing the model’s standard 150
Ferrari Pininfarina Sergio – $3 million (N918 million)
This Ferrari was originally introduced as a concept car in 2013 in memory of the late son of of the founder of Pininfarina. Only six of these cars have been made so far making it one of the most coveted cars.
Each of the handmade units has an all-carbon-fibre frame, and is an open air luxury car with two seats. Like the Ferrari 458, it has no roof, side windows and windshield, and is 330 pounds lighter than its ancestor. It is fitted with a 4.5 liter F136F V-8 engine, which sends 562 hp to the rear wheels.
The owners of each of the six models were chosen by the manufacturers themselves, making this one of the rarest of the rare invite-only vehicles.
Aston Martin Valkyrie – $3.2 million (N979 million)
Aston Martin is yet to announce a price for this car, experts estimate that it would cost nothing less than 3.2 million dollars. This model is a renovation of the old Aston Martin-Red Bull AM-RB 001. The 6.5 liter, naturally- aspirated V-12 designed specifically for the Cosworth, has a 1:1 power /weight ratio, and comes with a Rimac-built hybrid battery system coming with the engine which yields about a 1,000 horsepower. Only 150 of this particular car is scheduled to be distributed around the world beginning from 2019.
Limited Edition Bugatti Veyron by Masory Vivere – $3.4 million (N1.04 billion)
This German car is one of the fastest cars in the World and has been upgraded four times since its release in 2005.
It has an awesome lacquered carbon-fibre body along with a new spoiler package providing new diffusers, a smarter cabin and front grill, larger side scoops, a shortened hood, and the like. The 8.0 litre W16 engine of the car can produce 1,200 horsepower and 1,106 pound-feet of torque. The original version could reach up to 253 mph and was named the Car of the Decade 2000-2009.
Lykan Hypersport – $3.4 million (N1.04 billion)
The headlights are made of urm, 240 15-carat diamonds and the LED blades made of 420 15-carat diamonds. And all the gems are customizable.
It looks like an armored car with scissor doors and an interior straight out of a sci-fi movie, this car featured in the ‘Furious 7’, and has actually been drafted by the Abu Dhabi police for patrol duty.
Built by W Motors, based in Lebanon, this is the first Arab supercar. And it doesn’t fare badly when compared with the traditional European biggies.
It can produce 780 horsepower through the rear wheels, and a 708 pound-feet of torque. It can get to a speed of 240 miles per hour reaching 62mph in just 2.8 seconds.
McLaren P1 LM – $3.6 million (N1.1 billion)
This is not a production car. It was made keeping in mind a select group of buyers in the U. S., Japan, U. K., and the UAE. It has a 3.8 liter twin-turbo V-8 engine surrounded with gold plating around the engine bay.
The awesomeness of the aerodynamics can be witnessed where it is made for- on track, where it can produce 1000 horsepower. As of yet, only five units have been built, all of them being sold.
Lamborghini Veneno Roadster – $4.5 million (N1.38 billion)
Veneno means Poison. This car was built to celebrate the company’s 50th birthday. It has the look of an alien space capsule, this car can reach speeds that can give one of those a run for their money, literally. The 6.5 liter V12 with a seven-speed single clutch ISR automated manual transmission can spin at 8,400 rpm to yield 740 horsepowers and 507 pound-feet of torque, meaning that the car can do a 60 mph at 2.9 seconds!
Made of carbon-fiber, it had a dry weight of 3,285 pounds. Only 9 units have been made making the cars resell rate very high with the highest recorded resell being $11 million. It was the most expensive car in the world ever produced upon its introduction, and only three being available to customers in the first lot.
Koenigsegg CCXR Trevita – $4.8 million (N1.47 Billion)
This is the most expensive production car allowed on the streets. street-legal production car in the world, this is coated with real diamonds. Yes, you read that right. ‘Trevita’ is an abbreviation translating into ‘three whites’. The carbon fibres are indeed coated with a diamond dust-impregnated resin, called the Koenigsegg Proprietary Diamond Weave. This technology transformed the fibres from the traditional black to shining, silvery white, making the bodywork of this car renowned throughout for its unique design and perfection. And that’s not all. Beneath the coating is a 4.8 litre, dual-supercharged V8 having a total output of 1,004 horsepower and 797 pound-feet of torque. This makes it well-equipped at overtaking semis in the freeway. This car comes with a one-of-its-kind dual carbon rear wing, iconell exhaust system, airbags, ABS powered carbon ceramic brakes, paddle-shift, infotainment system, chronometer instrument cluster, tires monitoring systems along with a hydraulic system. Only three cars of this model had been initially decided upon, before getting reduced to two, because the carbon fibre made it too difficult and time-consuming for regular manufacture.
Sweptail by Rolls Royce – $13 million (N3.99 billion)
Before you gasp at the price, do note that this car is off the markets. That’s because it was made on the recommendations of one specific customer whose name the company has refused to divulge. A company famous for its luxurious rollouts, there were only 4,000 Rolls Royce cars manufactured in 2016! This particular exclusive car comes with its custom coach work, reminiscent of the royal carriages of yore.
Probably modeled on the Wraith, this car can seat only two people (see what they mean by being exclusive?). The sunroof is fully panoramic, tapering down sharply like those of the racing yachts, as per the orders of the customer. Something very cool about the interior handcrafted with wood and leather are the hidden attaché cases for holding laptops behind each door. Not much else is available on this most expensive car in the world, except that it is based on the 1920s and 30s models, and looks like a yacht from the back. The owner does happen to be a collector of super-yachts and private planes.
The Bauchi State transportation system may soon start experiencing turn around with the state government approval of N1.38 billion earmarked for revival of the state’s Mass Transit Company, operators of ‘Yankari Express’ and other agencies.
As learnt, the approved fund would be used to purchase 60 buses for the state’s Mass Transit project and that an 18-seater, 2015 model buses would be supplied by Transfiguration Integrated Resource Ltd on loan.
The Special Adviser, Ali Ali, Media and Strategy, to the State Governor, Mohammed Abubakar, disclosed that 30 buses out of the stated figure would be allocated to the state-owned Mass Transit Company, operators of Yankari Express, to enable the company to boost its fleet.
Briefing journalist on outcome of the State Executive Council meeting, presided over by the governor, Ali said that 20 buses would be allocated to the 20 Local Governments in the state, while the remaining 10 buses would be retained by the government.
He hinted that the loan would be repaid in three years through an irrevocable standing order of N190 million monthly and would be deducted at source.
He stated that the exco also approved for the state government to access credit facilities of N8 billion from the Central Bank of Nigeria (CBN) under the bank’s Commercial Agriculture Credit Scheme.
Ali indicated that the state House of Assembly had earlier approved the loan, while the exco, during its Wednesday’s meeting, approved the loan to improve agricultural activities in the state.
The special adviser added that the state government would access the loan through United Bank for Africa (UBA) and would be used to encourage rice, fish and agro-allied production in the state.
According to him, the state government had started accessing the credit facilities since 2016 when it introduced its ANCHOR Farmers Borrowers’ Programme.
The Infrastructure Concession Regulatory Commission (ICRC) Acting Director-General, Chidi Izuwah, has identified security as one of major issued challenges confronting Nigeria Port Authority(NPA) in Rivers, despite all measures been put in place by government to ensure the facility was free of hiccups.
Izuwah explained that the creation of the agency was to ensure that mandate of ICRC with the Public Private Partnership (PPP) was in compliance and to ensure competent execution of all PPP contracts, the measure of which was in line with terms and conditions of contracts.
Speaking on Thursday during an inspection tour of NPA facilities in Port Harcourt, the agency boss stated that the ICRC visit to the facility was to monitor if regulatory policies put in place by Federal Government were functioning as expected.
He added the agency presence at the port was aimed at finding put if there were hiccups and other relative issues that could be disturbing free flow of activities within the facility.
The agency’s head disclosed that the policy government on port reform was targeted at achieving increased efficiency of port operations, reducing cost of services to port users.
According to him, promoting competition in provision of services and to make Nigerian port the hub for international shipping trade in the west and Central African sub- region were also inclusive in the government policy.
“We are here to know if the regulatory policies put in place by Federal Government is working or not, we want to know issues or challenges leading to the “not work’’, he said.
He indicated that without security in the water ways and land, set goals on the policies would not be achieved.
“Investors can only go to cities or countries where their business will strive, not where they are afraid of their lives and properties.
Izuwah urged Nigerian to join in campaign for peace and security in all communities and states to make the nation’s economy grow.
However, the agency’s boss commended efforts of NPA Port Harcourt in taking positive steps towards ensuring that the obligations as specified in the contract were met, just as he lauded President Mohammadu Buhari administration over its policies which ensured that there be hitch free policies for investors to strive.
In his speech, the Manager, NPA, Port Harcourt, Abubakar Umar, claimed that there had been improvement in services and activities in the Port in spite of its challenges, stating that, the port had recorded more success since the year 2016 till date.
“The port have been busy with cargos coming in since 2016 than it was, we have regular coming of containers and vessels now.
He also mentioned insecurity of vessels on the water ways as one of the major challenges facing NPA Port Harcourt.
“Yes there have been improvement in our activities in the port and it’s a great improvement but not to say that there have not been challenges.
“We have so many challenges facing us on daily bases which has to do with security of our staffs, hijacking of vessels, dragging of the port, piracy and many more,’’ he said.
Umar said that many of these challenges had been put in place, such as blocking the leakages in increase in revenue, recovering some debts owed to NPA by their debtors,
Others were arrangement made to put in place port security main division, upgraded power supply from a lower grid to a higher grid.
Also, Mr Henry Cline, the acting General Manager of Port and Terminal Operators Limited Terminal’ A’ also said that continued piracies at the high sea and hijacking of vessels was one of their big challenges.
Cline also said that dredging of berths, non-construction of common roads leading to terminals, no presence of marine crafts like tugs, pilot cutter and no presence of waterfront security to facilitate the activities.
He called on Federal Government to ensure all agreement signed with the PPP would be carried out to create a conducive environment and boost the economy of the country.
Assurance has emerged from Minister of Transportation, Rotimi Amaechi, that by December 2018, Lagos-Ibadan standard gauge rail line would be completed, and ready for commissioning come January, 2019.
The minister, who passed the assurance during end of the year news briefing and inspection of Lagos-Ibadan standard gauge rail line in Papalanto, Ogun on Tuesday, expressed satisfaction on level of ongoing work on the project, stating that, the contractors were facing challenges that have even been slowing down pace of work.
Amaechi, further said that the Jibowu and Costain bridges in Lagos would be demolished during the process, and that the ministry had gotten the right of way.
According to him, there is no way work could flow without challenges in different forms and issues as such need to be addressed.
“The challenges are not even here in Ogun, they are worse in Lagos. We are dealing with water, drainage, gas, power and the military.
“The only thing we are dealing with here is just gas and a few power transmission lines and we can manage it.
“I was on a tour with the Governor of Lagos, Akinwunmi Ambode, and we have agreed that the two bridges will come down, our target is 2018 December.”
The minister said that two locomotives and 10 coaches had arrived the country which the President will commission this December.
The Dutch markets watchdog has fined Volkswagen 450,000 euros ($534,000) for misleading consumers who bought its diesel cars between 2009 and 2015.
A Volkswagen logo is pictured at the International Auto Show in Mexico City, Mexico November 23, 2017.
The Authority for Consumer & Markets (ACM) said it had levied the maximum fine it could on the German carmaker for its use of “defeat devices”, illegal software that made its cars emit less pollution during testing than they did on the road.
The ACM said on Tuesday that Volkswagen had misleadingly advertised the diesel cars as “environmentally friendly” from 2009-2015.
Israelis will no longer be able to order a private ride with Uber Technologies Inc. by using a smartphone after a Tel Aviv court issued an injunction against the company.
Issuing the injunction on Monday, Tel Aviv District Court Chief Justice, Eitan Orenstein, said that without proper travel insurance, Uber would have to stop its private vehicles from ferrying passengers in Israel within two days.
“If they won’t get insurance, I won’t let them drive a meter,” Orenstein said, according to the court transcript.
He stated, “It remains illegal for unregistered private drivers to ferry passengers in return for payment, as many of the private Uber drivers operate without studying safety regulations and undergoing any form of testing.”
Media reports have it that a month-and-a-half ago, UberDay and UberNight expanded their services in the Tel Aviv area, operating 24 hours a day, 7 days a week. It was a boon to passengers, since public transit doesn’t run on Shabbat, religious holidays or late at night.
It was reported that while uberDay and uberNight services will be stopped, Uber users can still order rides on the smartphone app from registered taxi drivers, according to the court transcript.
“We are committed to continuing to cooperate with the authorities, to examine how our technology can provide reliable, cost-effective and safe transportation options,” Uber Israel said in a statement.
The convenience of tapping on a phone for a ride has lured tens millions of riders worldwide to use Uber. In Israel, people can order taxi rides on their phones via Gett, unlike in New York City, where most taxis aren’t connected to a smartphone app.
Uber Israel CEO Yoni Greifman told The Jerusalem Post earlier this month that the transportation regulations were drafted in the 1960s and they have not been updated, before cell phones and technology.
He stated that they were trying to operate within the correct regulation, but in a regulatory world that did not suit the current reality, saying, “It’s going to be absurd if we’re start-up nation and we’re at the forefront of automotive technologies but we can’t get Uber.”
Taxi drivers, along with the Transportation Ministry and Minister Israel Katz, have been fighting the ride-hailing giant for years, in an attempt to prevent the company from entering the Israeli market.
In addition to the lack of safety regulations and testing for Uber drivers, they cited fears that the company would cause rates to plummet, preventing drivers from earning a living wage.
Gett Taxi and the Association of Taxi Drivers have filed suit against the company. In May, the Transportation Ministry filed an indictment against Uber after a covert investigation resulted in allegations that drivers transported passengers without a permit.
Uber has faced scrutiny from regulators worldwide. A Transportation Ministry spokesperson declined to comment on the ruling, saying that the lawsuit was filed by taxi representatives, not by the government.
Uber was founded in 2009 and now offers services in more than 600 cities worldwide.
In September, the company was banned from operating in London for flouting safety regulations. The company had revenues of some $6.5billion in 2016.
The Lagos State Government has reconstituted the Joint Security Task Force established as a strategy to tackle the persistent Apapa gridlock and other security threats within the axis caused by the blockade of major roads in the area by tankers and containerized trucks.
Recently, Apapa gridlock, In the past few weeks, had worsened due to breakdown of operations at the ports located in the axis.
Rising from the monthly Security Council meeting held at the Lagos House in Ikeja chaired by the State Governor, Akinwunmi Ambode and attended by heads of security formations in the State, the State Government disclosed that the Task Force comprising of police, military, officials of Lagos State Traffic Management Authority (LASTMA) and the Federal Road Safety Corps (FRSC) would immediately be deployed to the axis to ensure sanity and contain any potential security threat.
While briefing Government House Correspondents at the end of the meeting, the State’s Commissioner of Police, Imohimi Edgal said while the issues that gave rise to the gridlock were being addressed, the Task Force would ensure that the roads in the axis were not totally locked down, and also prevent criminal elements from taking advantage of the gridlock to perpetrate their nefarious activities.
He said, “We will ensure that we create a corridor for smaller vehicles and ensure that there is no complete blockade to free flow of traffic. We will also have plain cloth and uniformed security agencies ensuring that there is no crime in the axis due to the traffic gridlock.”
The CP, who assured residents that every necessary arrangement had been made to ensure peaceful yuletide season, said the Council also approved increased visibility and patrol in all parts of the state, especially in areas where there was traffic gridlock as a result of construction activities.
Already, Edgal noted that due to increased patrol, about 35 notorious traffic robbers were recently arrested in Ilupeju and Oshodi axis, many of whom he said were ex-convicts and would soon be charged to court at the end of investigation.
He added that as a result of the community policing and community safety partnership strategy adopted by the Lagos Police Command, there had been about 35 per cent drop in issues of residential robberies, while more boats had been handed over to Marine Police by the state government to secure the waterways and riverine areas specifically to checkmate incursions by militants and secure schools in such areas, in addition to the Tactic Guards already formed.
Speaking on ongoing clampdown on commercial motorcycles popularly known as Okada on restricted routes, Edgal said security agencies in the state have been given marching orders to strictly enforce the traffic law, and that no lawlessly or breakdown of law and order would be condoned.
He particularly admonished motorists and transport unions to impress it on their members to obey traffic laws, just as he said Okada riders must not only refrain from restricted routes, but also use helmets both for rider and passenger and not carry more than one person at a time, among other rules of engagement.
“We have the Lagos State Traffic Law and it is our responsibility to enforce the law. Motorists, motorcyclists and other form of road users must obey the law. Our men have been mandated to enforce all aspects of the law not only prohibition along some routes but also those aspects that have to do with safety. We don’t want officers and men to be challenged unduly when they are enforcing the law and I want to use this opportunity to call on the unions, especially the Okada unions to call their members to cooperate with the police. They should not form themselves into pressure and riotous groups to challenge the police and other security agencies,” Edgal said.
He stated that aside the security measures already put in place for residents and visitors to experience a peaceful yuletide season, any resident who sell, distribute or use industrial fireworks would be arrested and charged to court, saying that the ban on such is still very much in force.
Besides, Edgal thanked Lagosians for their cooperation with security agencies so far and urged people to continue to volunteer useful information that would help arrest potential security threat.
Apparently concerned by number of children that had list their lives in auto crashes in Nigeria, Federal Road Safety Corps (FRSC) has commenced child Safety campaign in primary schools.
FRSC noted that the campaign was to stem the spate at which children die from during road accidents in the country especially during the yuletide season.
The Plateau Zonal Commanding Officer, Jonas Agwu, who flagged-off the campaign at St. Luke Primary School, on Monday, said that driver and car owner are always careless about the safety of children, adding that driver plying the road have poor attitude toward the safety of children below the age of twelve.
“If you take a copious check, you will see that children below the ages of twelve are not being transported properly by motorists. I have noticed in my five months stay in Plateau state that drivers and car owners are careless about safety of the children while plying roads; they have very poor attitude to the safety of the child.”
Agwu said that they decided to take the campaign to the children directly so that they could know their right and safeguard themselves from accidents.
He noted that the campaign was to empower the children to also correct drivers that have decided to pay less attention on their safety in the state, stressing that the children are future leaders.
The commander appealed to motorists to acquire baby seats for their cars as well as ensure its usage when necessary for safety of children, warning, parent and drivers should often allow children to use the front passenger’s seat, saying such acts could is risky to the safety of children.