Tag Archives: automotive industry news

SCP acquires Alloy wheel repair specialists

Soundcore Capital Partners, a control-oriented, New York-based private equity firm that invests in lower middle market businesses, today announced that it has completed the acquisition of Alloy Wheel Repair Specialists, the world’s largest full-service alloy wheel repair and replacement company. This marks the first platform investment since the firms launch in April, 2015. Terms of the private transaction were not disclosed. […]

Ford optimises service with RAC

Ford technicians across its dealership network have been praised for the high quality of their vehicle servicing by RAC engineers. This follows a successful 10-year association to provide independent assessment of customer vehicle repair and servicing quality. The RAC Service Workshop Quality Programme, introduced in March 2005, carries out up to 10,000 Ford vehicle service inspections every year – equivalent […]

Takata cuts profit outlook

Takata has cut its profit outlook by 75% after market leading carmakers begin to drop its air bag inflators. Honda, Toyota and Mazda have all said that they will no longer fit Takata inflators containing ammonium nitrate to new cars. The firm now expects full-year profit of 5bn yen (£27m) instead of 20bn yen. The inflators have been linked to […]

Toyota recalls 6.5 million cars

Japanese carmaker Toyota has said it will recall 6.5 million vehicles worldwide over a faulty window switch. The power switch could potentially short-circuit, causing parts to overheat and could lead to a fire. Toyota has already recalled some 10 million cars globally that were fitted with faulty air bags linked to a number of deaths. The defective window switch affects models […]

HPI urges dealers to protect themselves

As a Birmingham independent car dealer is jailed for five years and six months for clocking more than 4 million miles off cars, vehicle history check expert, HPI, highlights this case to serve as a warning to used car dealers, who aren’t conducting regular mileage checks on their vehicles. Believed to be the biggest investigation ever by Birmingham Trading Standards, […]

Exported cars bring in £2.4bn

Car exports accelerated ahead in August, in a welcome boost for UK trade figures. The collective value of exported motors soared to a record £2.4 billion during the month, according to figures from the Office for National Statistics (ONS), up £600 million from July. Production among car manufacturers in the UK is currently back at pre-recession levels in terms of […]

Job cuts expected at Aston Martin

British luxury carmaker Aston Martin has announced that it is planning on cutting jobs as part of a company restructuring plan that will involve the company expanding into electric and ‘crossover’ sport utility vehicles. Chief Executive Andy Palmer, who was appointed just over a year ago is deteremined to turn things around for the brand, after its sales nosedived after […]

Wireless charging to revolutionise car market

A new study has found that wireless charging is poised to change the way consumers interact with their cars, with an estimated 50 million vehicles offering built-in wireless device charging by 2020, compared with only 4 million this year. The new research from Juniper, found that the technology will enable a range of new in-vehicle services, such as on-board audio streaming, automatic […]

ECP opens new hub in Saltash

A new generation automotive hub is being opened by Euro Car Parts (ECP) in Saltash creating around 50 new jobs and improving product availability and speed of deliveries to local service, repair & MOT workshops in the South West. This major investment in the modern 33,000sqft site, built across two floors, will increase the number of product stock items to […]

Apple remain tight-lipped on autonomous car

Tim Cook, chief executive of tech giant Apple, has refused to rule out that the comapny is working on its own self-driving car. Appearing on The Colbert Show, Cook refused to reveal much about the possibility of Apple joining the race for a self-driving car. ‘We look at a number of things along the way and we decide to put our […]

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