Government Finally Practices What It Preaches

Friday, 24. October 2014

Years ago I was group general manager for a reasonable sized PLC. I was responsible for a large number of departments including IT, general admin, cost and management accounting,  personnel (known as HR these days), health and safety and much more including our fleet department responsible for over 700 vehicles.

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At the time Peugeot had introduced some major new development in the area of diesel cars, in the past diesels were mainly fitted into vans and trucks. They were still a bit noisy, lacked a bit of low end power, especially the non turbo versions – 0-60 in a week and a half and filling up with diesel meant you stank of the stuff until it wore off 5 days later!

But being a Cost and Management Accountant I crunched the figures and decided that company cars should all be diesel, except the main board of directors and me! The staff kicked off, as did their managers and directors, but I was having none of it. The figures didn’t lie so the drivers had diesel imposed upon them, after all when is a company ever run as a democracy – good grief!

Constantly I would hear the argument that I should be driving a diesel and I would use every reason under the sun until it came down to the fact that I simply didn’t want to. Now I was reminded of this situation when I read that the Government have finally agreed to include 150 electric vehicles in their fleet of cars used to ferry ministers around. The £5 million scheme is expected to extend to councils, the police force and the NHS.

Considering the government has been pushing EV’s for 5 years why has it taken so long to lead the way? I could understand if this was in the 70’s and the government was a company but they are a democracy for goodness sake! With this new initiative led by the Government to push more of us into EV’s, will I be changing my car next year for an electric car? The hell I will, only just started driving diesels! Have a word! By Graham Hill

French Manufacturers In The Cack – It makes Me Sad

Wednesday, 31. July 2013

Now I know this will cause you to roll about the floor in fits of hysterics but I actually have a soft spot for French cars. No seriously – it’s true. They tend to be ultra comfy, have lots of gadgets and occasionally look a little bit tasty/different.

I remember a Renault 25 V6i that I had years ago. At the time Renault were consistently winning the touring car championship and supplied many of the F1 engines but more than the fact that the engineering was amazing it actually had a graphic equaliser built into the centre console! How brilliant was that? And with seats thicker than the average armchair it was a delight to drive.

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So I was unhappy to read that the French manufacturers are struggling badly. As was recently reported PSA Peugeot Citroen’s finances are in a mess. The group is ‘burning’ 200 million Euros (£172m) every month and sales are not strong. The French Government has already loaned the group 7 billion Euros (£6.03bn) and are now represented on the board but long term the group needs a new industrial and financial partner.

GM has a 7% stake but is showing no appetite to invest further. Rumours obviously involve China with a hot favourite DongFeng (no I haven’t either), but there has been no official comment. In the meantime PSA will continue to bounce along with a grave lack of direction. I for one hope they turn things around. By Graham Hill Car Finance

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