Delphi has acquired Grundig Car InterMedia System GmbH, a wholly-owned subsidiary of Grundig AG, for approximately €58 million. The purchase price includes €55 million in cash for the stock of the company and assumption of the business's net debt.
Diesel vehicles coming up to three years old may need professional attention to get through their first MOT test, warns the Retail Motor Industry Federation (RMI), which believes motorists may not realise how much attention diesel vehicles require in comparison to petrol-fuelled vehicles.
Large plcs are achieving improved levels of return on capital employed. Piers Trenear-Thomas, Grant Thornton Motor Retail consultant explains their new tactics
The European Commission has published an 11-page 'FAQs' document on the new block exemption.
Total Western European new car registrations in October were just 0.3% down on the same month of 2002 at 1,179,024 units, reports the ACEA.
Analysis by MVRA of its members' use of services shows that its more traditional ones are by far the most sought after.
Daihatsu has embarked on an aggressive new driving school marketing programme, offering savings of up to £1,500 to ADI-registered instructors.
SsangYong UK Cars Ltd (SYUK) has held its first dealer conference to introduce the key personnel behind the company and to discuss its product, sales and marketing plans for 2004 and beyond.
Ford moved rapidly this week to deny rumours it was planning to offload its £84m turnover Warranty Holdings subsidiary, writes Mark Caterall in today's AM magazine.
The Daily Telegraph reports today that last night Martin O'Neill MP, who chairs the trade and industry select committee, said that the MPs would start an investigation of MG Rover parent Phoenix Venture Holdings within the next few months.
The proportion of non-genuine or non-OE parts used in car body repair in the UK, has increased to 22% of all replacement parts used by bodyshops in 2003. Before the announcement of the new BER, the usage of non-OE parts in car repair had been less than 10%.
Welsh Economic Development and Transport Minister Andrew Davies has announced that funding has been approved for the £10 million 'Auto Technium' automotive performance engineering incubator project - and that Ford is to base its Rally Academy in Wales next year.
Porsche AG turned in the highest profit ever recorded in its history during the 2002/03 fiscal year, which closed on July 31, despite the difficult economic climate and the substantial costs incurred for the launch of the Cayenne
Dixon Motors is to launch a management development programme it says will put it “18 months ahead of the competition”. Over 40 managers from a range of disciplines will complete the one-year course which complies with IMI standards.
Kudos Cars has been formed in the North-West to offer wealthy members access to a stable of premium cars for an annual membership. The club will be limited to 100 members only.
The Energy Saving Trust's PowerShift and CleanUp initiatives have funded over 3,300 vehicles in the current financial year, and this should increase to around 8,000 by end of March 2004, compared to last year when 5,000 vehicles received funding. As a result current commitments plus those in the pipeline mean all funds have been allocated for this financial year.
Volvo Car UK has confirmed the three DuPont Performance Coat-ings brands – DuPont Refinish, Spies Hecker and Standox – as preferred business partners for its body and paint network.
This is the new luxury flagship car from Maserati – the Quattroporte – that will be unveiled at the Frankfurt Motor Show next month.
Smart has announced price cuts on its entry-level City Coup Pure. Prices now start at £6565, a saving of £435.
The Volkswagen Transporter has been crowned International Van of the Year.
Saab dealers will get a boost this month with the launch of the 2004 9-3.
The Renault Espace was voted best MPV at the Scottish Car of the Year Awards...
BCA is developing its fourth German auction centre. The 25,000sq m site has the capacity to almost double in size to meet the projected needs of the business.
AM sister title Car magazine has voted Vauxhall's £25,995 VX220 Turbo performance car of the year
Directors at Suzuki GB have voted against setting up a direct supply channel to handle sales of the company's first corporate car.
Audi is driving forward its used car operations by opening a series of supersites to double sales and bolster residual values. The German carmaker wants to increase used vehicle sales through its franchised dealers from 32,000 this year to 65,000 by 2007.
Ferrari is mounting a major challenge to Bentley's new Continental GT with the launch of the 612 Scaglietti.
Advanced features to boost road safety are to be harnessed to help Honda win higher sales across Europe.
VW Group's investment in Bentley will be crowned by the launch early next year of the Continental GT.
Mazda made £151m operating profit for the first half of the financial year, an increase of 94 per cent (£73.5m) on the same period in 2002. Turnover was £6.61bn, up £267m on the 2003 figure.
