This week I met with former world land speed record holder Richard Noble at the Institution of Mechanical Engineers’ Bloodhound SuperSonic Car exhibition in the House of Commons.
Last week (Thursday 24 October), I was delighted to lead a cross-party visit of MPs and Lords to the McLaren Technology Centre, as part of an industry visit organised by the Motor All-Party Parliamentary Group and the Industry and Parliament Trust.
Today a £14 million fine was imposed on Deloitte & Touche for their advice to the MG Rover Group and the “Phoenix Four" directors.But as we watch another twist to the MG Rover drama unfold, it’s important to remember what was important then – and what is important now. That is the 6000+ MGR workers who lost their jobs in the collapse, and the communities whose identity “the Austin” factory...
In addition to granting us some beautiful weather, Summer 2013 has also shone a light on one of the brightest industries our country has to offer – motor. On 12 July 2013 ‘Driving Success’, the first ever comprehensive industrial strategy for UK automotive, was launched by Government and leading industry bodies.
Read my thoughts on the strategy in a new blog for Motortrades Insight here.
The accountants Deloitte have lost an appeal over a regulatory ruling that it failed to manage conflicts of interest in its advice to the MG Rover Group and the "Phoenix Four" directors, who bought the UK carmaker before it collapsed in 2005. It is highly concerning that the Tribunal found Deloitte and Mr Einollahi, the partner involved, to have demonstrated “a persistent and deliberate disregard...
Just two weeks ago, the world’s fiercest and fastest racing drivers returned to Silverstone for what turned out to be a thrilling British Grand Prix. While our exceptional British drivers have had mixed fortunes on the track this season, for me the return of Formula One to our shores is always an ideal opportunity to recognise British success in automotive more widely.