Trade union members have accepted a revised offer from Land Rover, by 4,326 votes in favour and 2,379 against.
Lamborghini London, the official sole UK dealer for Audi-owned Automobili Lamborghini SpA and part of H.R. Owen Plc, will account for approximately 10% of Lamborghini's production in 2004.
Mitsubishi Motors Corporation yesterday revised its forecast results for the year ending 31 March 2004 to a loss of 72 billion yen ($675 million).
Maywood Garage Equipment Ltd. has acquired the sole rights to distribute Hofmann workshop equipment range, which it has been distributing on a non-exclusive basis for some years.
Easier availability of finance, increases in personal wealth and a range of other market factors, have led to a significant downturn in the value of Britain's average-age used car compared with seven years ago, reports CAP Monitor.
Following a 'major strategy review' of RMI bodyshop services, the Retail Motor Industry Federation (RMI) has ceased to retain the services of Robert Hadfield, Autobody Projects Ltd, as bodyshop sector consultant.
Reading-based refinish products supplier J & C Autos Supplies Ltd has acquired Apollo Industries (UK) Ltd, the four-depot South West distributor.
Volkswagen Group has announced 2003 an operating profit down 62% to €1.78bn and net profit down 57% to 1.12bn. It has cut its dividend for the first time in a decade.
DaimlerChrysler's results for the year 2003 included an operating profit of $7.2 billion after restructuring costs of $591 million at Chrysler, and a capital gain of $1.3 billion from the sale of its MTU Aero Engines business. Net income dropped to $0.6 billion from $5.9 billion in 2002.
DaimlerChrysler's supervisory board has announced that Mercedes Cars boss Prof. Jurgen Hubbert is to take over responsibility for the Executive Automotive Committee on August 1, 2004. Juergen Schremmp is to keep his job as chairman for another three years.
An all-out effort to attract returning military veterans and students to automotive retailing/aftersales jobs is Automotive Retailing Today, a group representing auto manufacturers and franchise dealers.
MG Rover's mystery partner is revealed - subject to the outcome of exploratory talks about collaboration between Phoenix Venture Holdings and Malaysia's Proton.
UnitedAuto Group(UAG) the owner of the Sytner group, is now nearly half-owned by Penske Corp.
If a majority of members at Ford's Aveley pilot plant vote in support of industrial action against its planned closure, Amicus says it will move to ballot members for industrial action across the whole Ford group.
Universal Vehicle Services has launched a new claims management service for insurers to speed total loss claims processing.Currently inspections alone are estimated to cost the UK insurance industry £17 million per year.
Autobytel Inc.'s service customer retention programme, Retention Performance Marketing (RPM), has been selected by Mitsubishi Motors of North America to support its new Diamond Care Service Marketing Programme, an initiative to build brand loyalty at dealerships.
Quality counts as Golf Mk4 commands highest prices
A delegation of ACEA members led by the organisation's chairman Bernd Pischetsrieder is holding talks with the European Commission today, 17 February, to lobby for relaxation of EU regulations which the ACEA says are hitting the automotive sector's ability to compete globally.
Automotive Skills, officially launched last week as the retail motor industry's Sector Skills Council, is inviting comments on training standards.
LDV has appointed its first aftermarket business director, Simon Wood, who joins the company from Menard Engineering, where he was finance director.
Neil Marcus has been promoted to become Managing Director of refinish paint supplier Standox UK and Ireland.
A poll of almost 49,000 car shoppers conducted by US used car group and franchise dealer CarMax, Inc. on the company's web site shows that 78% of car buyers wished they could return a car within the first few days of buying it. Only 22% of respondents had never experienced 'buyer's remorse'.
A report in a Japanese paper, the Nihon Keizai Shimbun, says Mitsubishi Motors will restructure its entire production system in a major overhaul which is expected to lead to DaimlerChrysler-nominated president Rolf Eckrodt stepping down.
Hyundai has formed a trade parts club and is to launch a new fast-fit style service package in a major push to increase its aftersales share.
These are good times for the used car market. According to the newly established CAP Used Car Performance Index, not only did dealers enjoy better results last year than in 2002, the vast majority expect even better retail sales performance this year.
If you buy something for £100, what do you have to sell it for to make a 25% profit margin? The answer is £133, and definitely not £125. What this simple problem illustrates is the difference between a mark-up and a margin (or profit margin).
Tough new regulations will force dealers to improve access to showrooms for disabled people
An analysis of manufacturers' offers in the retail sector.
At last week's National Automotive Dealers Association (NADA) convention in Las Vegas there were two clear messages. First, dealers are putting too much emphasis on new cars when they should be concentrating on making more money from used. Second, the dotcom bubble has not burst; it's set to reinflate.
Unexpected swings in the share price of European Motor Holdings (EMH) have triggered rumours among analysts and speculators of another major motor dealer takeover bid in the wake of Pendragon's recent landmark purchase of CD Bramall.
