German BMW dealers' legal action over the company's decision to reduce their gross margins on sales of the new BMW 7 Series received a setback in the verdict of a Munich district court
An agreement between motor insurers and replacement vehicle providers is beneficial to consumers and satisfies the conditions for exemption under competition law provided that certain conditions are met, believes the Offfice of Fair Trading.
Toyota has overtaken Ford by achieving the world's second biggest vehicle sales volume – 6.78 million units, 10% up on 2002 – against Ford's 6.72m units last year. Toyota also displaced Chrysler in 2003 as the third largest supplier of vehicles to the US market.
The Consumer Federation of America has claimed retail finance rates negotiated by dealers cost consumers $1 billion a year, and that blacks and Hispanic car buyers are particularly disadvantaged.
Virgin has not yet commented in detail on a Sunday Times story of 25 January that Motor Solutions' Derek Cook is to take over the loss-making Virgin Cars operation. But the report confirms rumours circulating earlier in the month.
Amicus, TGWU and GMB members at Land Rover started their planned 24-hour strike action from 6 am today, Monday 26th January in rejection of the company's pay offer.
Owners of most Vauxhall vehicles up to eight years old and with less than 80,000 miles on the clock can now insure against repair and replacement of parts likely to cause MOT test failure with a £35 annual policy that can be transferred to a new owner.
Scion, Toyota's new youth-orientated car brand launched in California, has deployed an online chat room feature called LivePerson Service Edition, on www.scion.com.
German BMW dealers who had taken legal action over the company's decision to reduce their gross margins on sales of the new BMW 7 Series have received a setback in the verdict of a Munich district court, which last week confirmed on appeal a lower court's ruling of May 2003 that BMW had the right to amend its contract terms.
At Porsche's AGM, the company's President and CEO Dr. Wendelin Wiedeking has announced double-digit increases in both profit and revenue for the first half of the company's fiscal year, which began August 1, 2003.
The boards of Pendragon and CD Bramall announced their agreement today on the terms of a recommended cash offer to be made by KPMG Corporate Finance on behalf of Pendragon to acquire the whole of the share capital of CD Bramall.
Ford Motor Co. has reported a full year 2003 net profit of $495 million, representing a marked improvement on 2002 losses, and aided by a full-year pre-tax profit of $3.0 billion from Ford Motor Credit.
TRW Automotive Aftermarket has announced the move of its Luton manufacturing activity to its Frydlant plant in the Czech Republic. The decision involves a potential reduction of 71 jobs in the UK, and consultations have been started the employees and their representatives.
Figures released for UK car output by the ONS and SMMT show it rose 1.7 per cent to 1,657,558 million units in 2003.
The latest Alliance & Leicester New Car Price Index compiled by the Centre for Business & Economics Research says after three years, upper medium are worth 40.2% of their original price — 14.4 per cent lower than the average for all cars, and that the Laguna and Omega are the best three-year old bargains.
Nissan has announced several management appointments and changes in its sales and marketing operations in Europe, with effect from 1 March.
Helphire Group plc has informed the Stock Exchange that it has agreed to offer an ongoing replacement vehicle service to customers of Centrus Ltd and policy holders of its legal expense insurance product 'Safeguard'.
Mike O'Brien, Minister for International Trade, Investment and Foreign Affairs told a CBI meeting on Wednesday that an EC discussion document on the possible introduction of a 'Made in the EU' label proposed by some Member States poses no threat to British businesses who wish to use 'Made in Britain'.
The world's biggest vehicle manufacturer was first off the block yesterday in announcing fourth quarter and full-year 2003 results.
A warranty can cost over twice as much from a franchised dealer than an independent insurer, claims the independent firm Warranty Direct.
A joint venture team of Isuzu Motors Ltd and the directors and senior staff at Isuzu Truck (UK) Limited have bought a majority stake in the UK importer from RAC plc, which acquired the UK Isuzu Truck concession as Lex plc.
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Renault's Boulevard Raspail retail premises in central Paris have become the first of a new format for the brand's metroplitan showrooms where space is at a premium.
Aston Martin has announced a Approved Pre-owned Car Programme that will give its UK customers direct access to pre-owned cars throughout the 18-strong UK dealer network.
A new system that allows service/maintenance providers to view in real time the customer service and pricing they offer to fleets is being launched as a component of epyx's 1link Service Network.
Simulated urban cycle tests carried out on petrol and diesel-powered cars of comparable power ratings by a European environment and energy research programme have produced the surprising result that the petrol vehicle was the most heavily polluting.
Barclaycard looks set to rattle the £11bn F&I market by launching what it claims is a unique new car finance proposition.
AutoExCel, the automotive aftermarket event launching in 2005 at ExCel in London's Docklands, has added further members to its 'Founders Group', taking the total membership over 60.
The venture capitalist CVC CAPITAL Partners Ltd., which bought Halfords in August 2002 from Boots plc, has discussed plans to float at least some of its shares, according to press reports, which mention Citigroup, Deutsche Bank and Merrill Lynch in connection with the talks.
Automotive solutions provider Ebbon-Dacs has responded to forthcoming regulations covering the sale of motor insurance products with a new electronic compliance product and online dealer awareness and compliance training
