Thursday, December 07, 2006
RMIF resurrects legal service
The Retail Motor Industry Federation and Motor Industry Legal Services have joined forces.
The industry body and law firm have formed a strategic alliance to deliver full legal support to RMIF members from January next year.
The agreement signals the reinstatement of a free legal service by outgoing RMIF president Keith Sayfritz.
Adam Cox, managing director of MILS, said: “We see this alliance as being a natural fit which will provide tangible benefits to all UK motor retailers.”
DATED: 07.12.06
FEED: MT
The industry body and law firm have formed a strategic alliance to deliver full legal support to RMIF members from January next year.
The agreement signals the reinstatement of a free legal service by outgoing RMIF president Keith Sayfritz.
Adam Cox, managing director of MILS, said: “We see this alliance as being a natural fit which will provide tangible benefits to all UK motor retailers.”
DATED: 07.12.06
FEED: MT
Toyota to build Auris in UK
Toyota has announced that the all-new Toyota Auris will be built in the UK at its vehicle manufacturing plant in Burnaston, Derbyshire.
Production of the Auris, the new C-Segment hatchback for Toyota, will begin in the New Year and the car will go on sale to customers across Europe from spring 2007.
UK sales will begin from the start of February.
DATED: 07.12.06
FED: MT
Production of the Auris, the new C-Segment hatchback for Toyota, will begin in the New Year and the car will go on sale to customers across Europe from spring 2007.
UK sales will begin from the start of February.
DATED: 07.12.06
FED: MT
First Qashqai rolls off the production line
The first Qashqai rolled off the production line at Nissan’s plant in Sunderland Tuesday 5th December.
Around 130,000 units will be produced next year alongside the Note, Primera, Micra and C+C models.
Production will potentially increase to 400,000 units in 2007 – a new plant record. Nissan said the launch of the Qashqai marked one of the busiest periods in the plant’s 20-year history with three new models launched in the last 16 months.
DATED: 07.12.06
FEED: MT
Around 130,000 units will be produced next year alongside the Note, Primera, Micra and C+C models.
Production will potentially increase to 400,000 units in 2007 – a new plant record. Nissan said the launch of the Qashqai marked one of the busiest periods in the plant’s 20-year history with three new models launched in the last 16 months.
DATED: 07.12.06
FEED: MT
Motorpoint heads south for the winter
Motorpoint has further boosted its car supermarket portfolio with the acquisition of the Mega Car retail site in Peterborough.
It is expected to add a further 20 per cent capacity to the number of cars and vans sold by Motorpoint over the coming 12 months.
The five-acre outlet brings the total number of sites now owned by Motorpoint to five and is the company's first site in the south of England.
DATED: 07.12.06
FEED: MT
It is expected to add a further 20 per cent capacity to the number of cars and vans sold by Motorpoint over the coming 12 months.
The five-acre outlet brings the total number of sites now owned by Motorpoint to five and is the company's first site in the south of England.
DATED: 07.12.06
FEED: MT
Ex-Vardy MD aims high with new business
Robert Forrester, the former managing director of Reg Vardy, is to launch a new company on the AIM market of the London Stock Exchange by the end of the year.
Vertu Motors will seek “to acquire and consolidate UK motor retail businesses”.
Forrester is joined by fellow founder members Bill Teasdale, non-executive chairman, Tom Fairgrave and Karen Anderson, all of whom formerly held senior positions at Reg Vardy.
The group’s acquisition strategy will include buying freehold properties to “maximise long term value for shareholders".
DATED: 07.12.06
FEED: MT
Vertu Motors will seek “to acquire and consolidate UK motor retail businesses”.
Forrester is joined by fellow founder members Bill Teasdale, non-executive chairman, Tom Fairgrave and Karen Anderson, all of whom formerly held senior positions at Reg Vardy.
The group’s acquisition strategy will include buying freehold properties to “maximise long term value for shareholders".
DATED: 07.12.06
FEED: MT
EMH open to offers
European Motor Holdings has confirmed that it is in talks with interested parties relating to a possible offer for the group.
In a statement to the stock exchange, the top ten group stressed that discussions were at a preliminary stage and there was no certainty that an offer would be made for the group.
The announcement follows intense speculation after EMH’s announcement in October that it was undertaking a “strategic review” of the business.
DATED: 07.12.06
FEED: MT
In a statement to the stock exchange, the top ten group stressed that discussions were at a preliminary stage and there was no certainty that an offer would be made for the group.
The announcement follows intense speculation after EMH’s announcement in October that it was undertaking a “strategic review” of the business.
DATED: 07.12.06
FEED: MT
Pendragon to unveil results in February
Pendragon will announce its preliminary results for the year to 31 December 2006 on 15 February next year.
In a statement to the stock exchange last week the UK's largest dealer group said it expected to finish the year broadly in line with its expectations despite difficult trading conditions.
DATED: 07.12.06
FEED: MT
In a statement to the stock exchange last week the UK's largest dealer group said it expected to finish the year broadly in line with its expectations despite difficult trading conditions.
DATED: 07.12.06
FEED: MT
Interest Rate Announcements
Interest Rate Announcements
07 December 2006 @ 12.30
Bank of England Maintains Bank Rate at 5.0%
DATED: 07.12.06
FEED: BoE
07 December 2006 @ 12.30
Bank of England Maintains Bank Rate at 5.0%
DATED: 07.12.06
FEED: BoE
