Articles by Tim Rose - Page 51

The latest issue of AM magazine is published today with insights into the impact of FCA changes to finance rules, Honda's next stage in its retail network redesign and a first drive of the new Tesla Model Y.

Toyota Motor Corporation has announced plans to offer 30 battery electric vehicles by 2030.

Firms handling large sums of cash have been reminded of their duty to combat money-laundering after NatWest Bank was fined £264.8 million in the Financial Conduct Authority's first criminal prosecution for money laundering failings.

A Birmingham workshop has been prosecuted recently for safety failings after two workers used brake cleaning fluid to degrease walls and caused a flash fire.

The UK's new van market notched up a November sales record, finishing the month 11.4% ahead of the pre-pandemic average for the month.

The Financial Conduct Authority will set new rules for regulated financial services including motor finance by mid-2022 as it aims to “fundamentally shift the mindset of firms”.

November's 115,706-unit new car market brought an end to four months of consecutive decline in new car sales, by recording a 1.7% uplift over November 2020 when stronger coronavirus restrictions were in place.

Marshall Motor Holdings has confirmed its largest shareholder, Marshall of Cambridge, is considering the sale of its 64.4% stake in the AM100 motor retailer.

When Michael Bell took the chief executive’s chair of the family business, Available Car, in 2019, he could never have anticipated quite the baptism of fire that was coming.

Vertu Motors' Nissan dealerships in Northampton, Derby and Glasgow are the latest to adopt the Japanese carmaker's updated showroom style.

Auto Trader is aiming to drive efficiencies for car dealers with a new stock management system which it claims will remove many of the biggest pain points in vehicle marketing.

Castrol Auto Service has launched in the UK to support independents operating car repair workshops in their brand awareness and revenue generation.

Swedish motor retailer Anders Hedin has increased his stake in the UK's top 10 AM100 group Pendragon to just over 25% of voting rights.

The UK economy is forecast to return to pre-Covid levels by 2022, as annual growth is set to rebound by 6.5% this year, followed by 6% in 2022, according to the Budget Day speech by Rishi Sunak, Chancellor of the Exchequer.

National media reports revealing former pop stars Gabriela and Monica Irimia now work in franchised car dealerships have boosted the profile of the UK motor retail industry.