Cars, cars, cars...
Comments
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Did a job for them in the late 90s, they were struggling to get planning so said they would move to Ireland. Unsurprisingly the Council soon started moving things forward.pinno said:Renishaw is a superb company to work for.
Some time ago, they turned down the offer of floating the whole business on the stock exchange on ethical grounds.
They kept a 51% share.0 -
It's still a quoted company so the only difference is how much they sold off to the public.pinno said:Renishaw is a superb company to work for.
Some time ago, they turned down the offer of floating the whole business on the stock exchange on ethical grounds.
They kept a 51% share.
Also they're looking to sell the rest now...
https://soglos.com/business/49541/Speculation-over-buyer-for-Renishaw--as-owner-faces-becoming-a-billionaire#:~:text=Experts%20have%20already%20begun%20to,ago%2C%20engineering%20success%20story%20Renishaw.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Pity.Stevo_666 said:
It's still a quoted company so the only difference is how much they sold off to the public.pinno said:Renishaw is a superb company to work for.
Some time ago, they turned down the offer of floating the whole business on the stock exchange on ethical grounds.
They kept a 51% share.
Also they're looking to sell the rest now...
https://soglos.com/business/49541/Speculation-over-buyer-for-Renishaw--as-owner-faces-becoming-a-billionaire#:~:text=Experts%20have%20already%20begun%20to,ago%2C%20engineering%20success%20story%20Renishaw.seanoconn - gruagach craic!0 -
ABB and Siemens in the mix. I guess that means buying it and then shifting HQ abroad (like Boots) and paying less corporate tax into the UK economy.
seanoconn - gruagach craic!0 -
They look too boring to enjoy sports cars and Russian females in Monaco.seanoconn - gruagach craic!0
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Musk, he made a couple of hundred million, doesn't kick back and takes on the car industry and build a space rocket.
He risked the bloody lot.0 -
Genuine car related question:
4 years ago I bought a brand new Skoda estate on PCP. It's a regular diesel engine. Deposit at the time of £4.5k or so (old car trade in). Costs me £285 per month. Came with a couple of free services (around £350 each), no MOT as brand new, warranty (never used it, now expired).
I can buy it out of the PCP for £10k or the dealer will buy it back for £18k - so effectively I have £8k equity in the car.
I am in a bind. Do I
a) trade it in with the dealer for a brand new version of the same, no downpayment for £335 per month. Will come with some free services, no MOTs, and new warranty.
b) buy it for the £10k which will cost about £220/m over 4 years, at which point I will own it outright. I can contribute a bit which may bring the monthly cost down.
The £115 per month saving feels marginal in the grand scheme of things - add the cost of an MOT and a service, parts, labour etc and it quickly comes down.
That said, I am leaning towards keeping it, as after 4y I will own it outright, and it should have good residual value (cheapest equivalent on autotrader today are £12k, 8y old with 90k miles) so even if I knock 1/3 off to account for current crazy prices, that it's still £8k - so my £8k equity in the car as mentioned above.
Long term I see petrol prices going one way, but hybrids are expensive for large estage cars (equivalent from Skoda adds £5k to list price so c.£100/month more and I spend about £100/m on fuel so it's net/net before the fact you still need to fill up and I don't know if the consumption figures are 'real' given I'll be mostly driving on motorways, dragging tons of batteries around) and even now I can get 700 miles from a tank which costs about £120 to fill from empty, much of which is company mileage so I get to expense it.
If I trade in, I get a brand new car (spec is virtually unchanged) and run the risk that when it comes to the end of its 4y finance package, there is zero equity, so I just give it back and only get my £10k (PCP exit price) for it, so effectively lose all the equity which I can get today.
Month to month I am keen to save the £115 and I think after 4y, having £8k (or so) to contribute to something newer, more efficient, potentially hybrid seems more sensible medium term decision (or I can just run it into the ground - it mainly does motorway journeys at boring Dad speeds so hardly has a tough life).
What would you do?0 -
Not sure it will be a good thing to own a diesel in 4 years time given the way they are being demonised especially if you'll be driving a lot in larger cities that are introducing emission zones.0
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Erm...
I'll get back to you on that one.seanoconn - gruagach craic!0 -
Either keep it and run it into the ground (probably my pick) or go to the expense of buying something completely different for the reasons outlined by Pross.shirley_basso said:
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What would you do?
I wouldn't be buying a new diesel.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.1 -
I just bought a diesel.
£30 per year road tax. 187bhp. Ticks the ULEZ box. You can have your cake and eat it.
With the cost of ;living crisis (and BoJo's popularity), I think it's difficult for the government to add to fuel costs in terms of tax. (I hope the hauliers protest).
1 in 40 cars (more maybe, that's just off the top of my head). I see are electric or Hybrid. I don't see any wave of electrification and I have no idea how they are going to reach their target of no petrol powered vehicle sales by 2030 or whenever the hell it is.
In the sticks, it will be impossible for us to go electric without massive investment - which I don't see happening either because we have historically been poor at infrastructure investment.
So, the gummant will have a hard job restricting people to electric only in the future - it won't happen for a long time. I think the scenario will be that there will be insufficient infrastructure to hit the target and that there will be a disparity in infrastructure between rural and urban areas.
It may be that they can square the environmental circle by x% less vehicles emitting pollution because of the uptake of electric and hybrids.
Anyhoo, it's not around the corner Shirley, it's years away - go diesel if you want.
I just bought over £40k's worth of car for a song.seanoconn - gruagach craic!0 -
Here's something that is otherwise horrendously boring, but good forum fodder.
Decided to start using the premium unleaded (E5) over the bog standard. Made a remarkable difference to my lowly polo and to fuel economy. Certainly not going back to the cheap stuff (E10) - false economy.0 -
Brake dust apparently accounts for as much harmful air pollution as diesel vehicles.
Maybe they'll have to rethink braking systems on EVs?0 -
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If it was not diesel I would say keep it and run it into the ground.
I think there is a big risk to residual values of diesel cars. Though Pinno’s last sentence suggests the trade is already factoring this in0 -
One pedal driving will become more common.masjer said:Brake dust apparently accounts for as much harmful air pollution as diesel vehicles.
Maybe they'll have to rethink braking systems on EVs?0 -
You're taking thepiss, yah?focuszing723 said:Musk, he made a couple of hundred million, doesn't kick back and takes on the car industry and build a space rocket.
He risked the bloody lot.
The multi, multi, multi billionaire that used to played with precious gemstones at his white parents' gem mine in apartheid S.A. but has done absolutely nothing of any worth with all his money?
.The camera down the willy isn't anything like as bad as it sounds.
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Should be more common anyway. If you're driving properly on the motorway there's no need to use the brake pedal at all.First.Aspect said:
One pedal driving will become more common.masjer said:Brake dust apparently accounts for as much harmful air pollution as diesel vehicles.
Maybe they'll have to rethink braking systems on EVs?0 -
That's not really the case. But nor did he risk everything on SpaceX. He risks a lot of investors' money.MattFalle said:
You're taking thepiss, yah?focuszing723 said:Musk, he made a couple of hundred million, doesn't kick back and takes on the car industry and build a space rocket.
He risked the bloody lot.
The multi, multi, multi billionaire that used to played with precious gemstones at his white parents' gem mine in apartheid S.A. but has done absolutely nothing of any worth with all his money?
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Anyone see that EV pick up on Top Gear? Absolutely horrendous looking thing that I wouldn't drive if given it free of charge but had some pretty impressive engineering. Not sure how the company has been valued quite as high as it has though, even compared to Tesla it seems over-priced.0
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I have a diesel Skoda that is now 18 years old. I've had it for 14 years and I've looked after it and it is in perfect condition both inside and out. Just passed it's MOT with one minor advisory. Again. It does 56mpg on a long run. Not great by today's standards but good enough for me. It would cost me a fortune to replace with something similar/better/electric. I'll keep it until it dies.
Re-electrification of the country for EV charging by 2030? Never going to happen. Not now that we are facing going into the biggest recession the country has seen for 40 years. There just isn't the money to do it.Sometimes. Maybe. Possibly.
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That's what my mechanic said at last service. Major cost implication being corroded discs need replacing due to lack of use.monkimark said:Don't they all already use regenerative braking anyway?
masjer said:Brake dust apparently accounts for as much harmful air pollution as diesel vehicles.
Maybe they'll have to rethink braking systems on EVs?The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Residual value is irrelevant if running it into the ground.surrey_commuter said:If it was not diesel I would say keep it and run it into the ground.
I think there is a big risk to residual values of diesel cars. Though Pinno’s last sentence suggests the trade is already factoring this in
"Running it into the ground" is when it becomes a financial write off imo.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
He still risked his own spondulix.First.Aspect said:
That's not really the case. But nor did he risk everything on SpaceX. He risks a lot of investors' money.MattFalle said:
You're taking thepiss, yah?focuszing723 said:Musk, he made a couple of hundred million, doesn't kick back and takes on the car industry and build a space rocket.
He risked the bloody lot.
The multi, multi, multi billionaire that used to played with precious gemstones at his white parents' gem mine in apartheid S.A. but has done absolutely nothing of any worth with all his money?0 -
As if he doesn't have enough to risk a tiny percentage, none of ehich he actually worked for.focuszing723 said:
He still risked his own spondulix.First.Aspect said:
That's not really the case. But nor did he risk everything on SpaceX. He risks a lot of investors' money.MattFalle said:
You're taking thepiss, yah?focuszing723 said:Musk, he made a couple of hundred million, doesn't kick back and takes on the car industry and build a space rocket.
He risked the bloody lot.
The multi, multi, multi billionaire that used to played with precious gemstones at his white parents' gem mine in apartheid S.A. but has done absolutely nothing of any worth with all his money?.The camera down the willy isn't anything like as bad as it sounds.
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Whsts not the case? That his parents set him up with all his initial cash - and more?First.Aspect said:
That's not really the case. But nor did he risk everything on SpaceX. He risks a lot of investors' money.MattFalle said:
You're taking thepiss, yah?focuszing723 said:Musk, he made a couple of hundred million, doesn't kick back and takes on the car industry and build a space rocket.
He risked the bloody lot.
The multi, multi, multi billionaire that used to played with precious gemstones at his white parents' gem mine in apartheid S.A. but has done absolutely nothing of any worth with all his money?
.The camera down the willy isn't anything like as bad as it sounds.
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Sure, but not everything as the poster claimed. Would be a bit like me risking £300k on lottery tickets, or a tenner.focuszing723 said:
He still risked his own spondulix.First.Aspect said:
That's not really the case. But nor did he risk everything on SpaceX. He risks a lot of investors' money.MattFalle said:
You're taking thepiss, yah?focuszing723 said:Musk, he made a couple of hundred million, doesn't kick back and takes on the car industry and build a space rocket.
He risked the bloody lot.
The multi, multi, multi billionaire that used to played with precious gemstones at his white parents' gem mine in apartheid S.A. but has done absolutely nothing of any worth with all his money?0 -
Matt, you're treading on bloody thin ice here. He's self made.MattFalle said:
As if he doesn't have enough to risk a tiny percentage, none of ehich he actually worked for.focuszing723 said:
He still risked his own spondulix.First.Aspect said:
That's not really the case. But nor did he risk everything on SpaceX. He risks a lot of investors' money.MattFalle said:
You're taking thepiss, yah?focuszing723 said:Musk, he made a couple of hundred million, doesn't kick back and takes on the car industry and build a space rocket.
He risked the bloody lot.
The multi, multi, multi billionaire that used to played with precious gemstones at his white parents' gem mine in apartheid S.A. but has done absolutely nothing of any worth with all his money?
!! I WIIL NOT STAND TO HAVE GREATNESS DISPARAGED !!0
