News - Page 1389

More than 1,800 former MG Rover workers have already found new employment, a new report reveals.

Ninety-four percent of British motorists admit to breaking the speed limit, while almost a quarter do so because they think the limit is too low, according to a survey by Direct Line.

Work has started on phase two of a £1.4m development of Patterson Motor Group’s Shiremoor dealership.

Honda, General Motors and BMW have agreed to jointly develop technologies for hydrogen fuel cell vehicles and hydrogen-powered engines, under the banner of an LH (Liquid Hydrogen) Consortium.

LAND Rover has launched an electronic game called Range Rover Sport Tourer, available as a download from UK mobile phone networks.

From the beginning of this month until the September 30 , Skoda has reduced prices on every Octavia and continued its ‘big on values’ offer for Fabia.

Citroen has broadened its New Look C5 range by introducing four Design models, available in hatchback and estate.

Fiat will launch 20 new models over the next three years and invest billions of euros in research and development as part of a turnaround bid, the company’s chief executive officer has announced.

A flexible choice of repayment periods is pivotal for people deciding which finance to use to buy a new car, according to research released today by GMAC Financial Services (UK), the financial services arm of General Motors.

The Bank of England cut interest rates for the first time in two years today, by a quarter percent to 4.5%, after household spending and business investment growth slowed.

The slump in new car sales this year continued into July, figures from the Society of Motor Manufacturers and Traders reveal today.

AM100-leading dealer group Pendragon delivered a 19% rise in first-half profits today after cost savings and new acquisitions helped it defy a weak car market.

An SUV and an all-new supermini range are likely to be next on the list for development by Mazda as part of its expanding range in the next five years.

BMW posted a 15% fall in quarterly pre-tax profit yesterday as pricing pressure, a weak dollar and high raw material prices impacted on results.

William Jacks plc has warned that tough trading conditions will lead to a loss when it announces its interim results on July 31.

Helphire has agreed to acquire Swift Rentacar, the car credit hire business, for up to £25.2m.

Kia Motors (UK) is contacting the owners of 816 new-model Sportages in order to arrange the replacement of possibly defective hand-brakes.

List prices of compact MPVs rose at a faster rate than those of any other new car sector during July, up by 3.1% year-on-year compared to a market average rise of 1.7%.

The fourth generation of BMW 3-series Touring models go on sale in the UK from September 17.

Mazda Motor Corporation has posted a 14.2% jump in quarterly operating profit today enabling it to kept to its full-year forecasts.

The Aftermarket Show, which runs from January 12-15 at Birmingham NEC, has launched its new website.

A TOTAL of 424 cars were pre-registered by UK manufacturers in June.

Nanjing Automobile Group and Fraser Welford-Winton, managing director of the GB Sports Car Company Ltd, have reached an agreement to resume MG Rover production at Longbridge.

The Funding Corporation (TFC) has seen a rise in profitability in the past year.

Toyota Motor Corporation has posted its second quarterly profit decline, as earnings were hurt by pension costs, currency fluctuations and higher spending.

Seat has announced the specification and pricing for the new Leon which will go on sale September 17.

The cost of commuting could quadruple if the Government’s plan for pay-as-you-drive motoring goes ahead.

Understanding from manufacturers can make all the difference, says David Ross

It has been described by some as “a sledgehammer to crack a nut”, but the FSA has a purpose – to regulate the insurance industry and to protect consumers from being sold the wrong products.

On January 15 this year, all general insurance products became regulated by the Financial Services Authority (FSA).