Nissan Motor announced today that has committed Y15bn to Y16bn this year cover the cost of recalling 2.56m cars sold in Japan and abroad due to engine problems.
Takashi Sonobe, chairman of Mitsubishi Motors Corp. (MMC) since June 2002, died on Tuesday of a heart attack, at the age of 62.
Most insurance companies realise that the current model of repair cost management actually results in inflated repair costs rather than repair cost savings. This is the key finding of a new research report from MFBI (Market Facts and Business Information) that shows average repair costs continue to rise above the rate of inflation while bodyshop profitability continues to fall.
MG Sport & Racing has announced the sales launch of the MG XPower SV, a car which it says, “catapults the Company into competition with the best of the world's performance vehicle manufacturers”.
Over two million owners of Vauxhalls between four and 10 years old are being targeted by a new Vauxhall service promotion. Available from Vauxhall Retailers and MasterFit Centres throughout the UK from £99 (example Astra F models), the package includes a service and MOT test, plus free AA Roadside Assistance Cover for the next 12 months.
Lex Vehicle Leasing has won what it calls a ground breaking long term contract with Siemens to provide employee-owned cars for Siemens' employees across its 24 UK businesses.
Demand for Toyota's second-generation Prius hybrid is proving some 40% higher than expected, and the firm wants to increase output from 6,000 to 10,000 units a month.
The new Block Exemption Regulation has given franchised dealers cause to remain hopeful in the face of falling margins and increasing manufacturer control according to a new survey, soon to be published by the Retail Motor Industry Federation.
”The opening of the ReMIT Centre for Technical Excellence represents a fundamental shift in the way the retail motor sector approaches the training of its staff,” commented Fred Maguire, president of the Retail Motor Industry Federation (RMI), at the opening of ReMIT's new training centre today, 28 October
A new leaflet from the Department for Work and Pensions, which folds out so it can be used as a poster for display, provides practical advice aimed at preventing workers getting asthma from isocyanate chemicals in 2-pack paints used in bodyshops.
Recent figures reveal that UK consumers borrowed nearly £10 billion in June, the biggest jump ever and a record 14% rise on the previous year. However, Singer & Friedlander Finance is urging consumers to be careful before committing themselves to long-term finance agreements.
The German mail order business Tschibo has joined another German counterpart in retailing new cars, but in contrast to the Quelle operation which offered 10% off new Golf Mk 5s before they hit showrooms, is offering a limited edition Fiat Stilo with the full co-operation of the manufacturer.
Motaquip, the PSA Peugeot Citroen-owned all-makes aftermarket parts operation, has launched a series of technical information posters for independent garage operators. The first focuses on steering and suspension components, outlining basic function and providing guidance on fault diagnosis and common reasons for failure.
The 69th BEN Ball will this year be celebrating Chief Executive, Geoffrey Atkinson's forthcoming retirement, following 25 years at the head of the Motor and Allied Trades Benevolent Fund charity.
Arriva Vehicle Rental has expanded its operations, with the acquisition of Luton-based Wilton Vehicle Rental, which specialises in the truck contract hire and daily rental.
General Motors Corp and Fiat SpA have announced that they will delay by a year the start of the 'put option' that will allow Fiat to sell Fiat Auto to GM.
Transport and General Workers' Union (TGWU) members working at Land Rover voted in a ballot on Thursday 23 October to reject an offer of a 6.5% pay rise over two years, by 5,055 votes to 1,117.
Figures from the Office for National Statistics show that overall British car production in September climbed 6.3 per cent to 153,542 units, while export production leapt 18.3 per cent, accounting for 106,819 units, representing 69.6 per cent of total output.
Ford chief operating officer Nick Scheele denied yesterday at the Tokyo Motor Show that Jaguar's Browns Lane assembly plant in Coventry, where the new XJ is built, would be closed, commenting that, "This is really speculation that's been running around now for six to nine months."
Premiums are rising to recover increasing costs, according to the AA's British Insurance Premium Index.
Glass's October 2003 Used Car Price Index reveals an upward movement in residual values across seven of the 10 market sectors analysed compared to 12-months ago, both for one and three-year-old cars.
”The retail motor sector cannot hope to continue at the current level unless we take steps to protect consumers, and ensure that our industry meets their expectations”, Fred Maguire, president of the Retail Motor Industry Federation (RMI), warned at last night's RMI 90th Anniversary Dinner (22 October).
Fleet operators have named the Vauxhall Vectra 2003 ACFO (Association of Car Fleet Operators), Car of the Year because of its performance, whole life costs and driver appeal.
Peter H. G. Morgan passed away yesterday following a brief illness, a few days from his 84th birthday.
As part of the development plan that will succeed the current 'Nissan 180' turnaround plan after April 2005, Nissan may launch its luxury car brand Infiniti into Europe.
Renault announced on 22 October that its turnover in the third quarter of this year reached €8.712 billion, an increase of 9.04% year on year.
Following news that ScootElectric has obtained exclusive UK distribution rights for electric scooters built in Taiwan (and in the case of one model, Italy), the importer confirms that it has appointed nine outlets so far.
Phoenix Venture Holdings' report for 2002 features turnover up year on year from £1,697m to £1,741m, a loss before goodwill, tax and income from group undertakings of £95m, down from £187m, and net cash of £315m, up from £310m in 2001.
DaimlerChrysler achieved an operating profit of $1.45 billion (Q3 2002: $1.8 billion) in the third quarter of 2003. Positive earnings from all of the group's divisions, including Chrysler, contributed to this result, but net income shrank to $-1.9 billion, prompting S&P to downgrade DCX's credit rating a notch to 'BBB'.
Tuesday (28 October 2003). The ReMIT Centre for Technical Excellence will have 700 light vehicle technicians and electricians from across the South East of England under training at any one time. The centre will also provide training facilities for manufacturers including Daimler-Chrysler, Ford, Volkswagen, and Ferrari/Maserati.
