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CVC Capital Partners forms partnership with GIC to invest in the RAC as Carlyle Group exits
- 02/12/2015
- Posted by: Simon Wait
- Category: News
The Carlyle Group (Carlyle), CVC Capital Partners (CVC) and GIC, Singapore’s sovereign wealth fund, announced today that funds advised by CVC have entered into a partnership with GIC and will become a co-shareholder in the RAC through the purchase of Carlyle’s stake. The investment was made from CVC’s [...] -
Ageas UK confirms leadership appointments
- 02/12/2015
- Posted by: Simon Wait
- Category: News
Ageas has announce a number of key internal leadership appointments in its Retail business, reporting to Ant Middle, CEO, Ageas Retail, from 1 January 2016. Adam Clarke will become managing director for Ageas Retail Direct, the business responsible for the Ageas-owned brands RIAS and Castle Cover. Adam takes up [...] -
Volvo announces record sales month
- 02/12/2015
- Posted by: Simon Wait
- Category: News
Volvo Cars reports that November was its best sales month in its 88-year history. Volvo posted a 26% increase in retail sales for the month of November, selling 49,055 cars globally, which represents a new all-time high result for a single month. In the medium term, Volvo is targeting annual sales of 800,000 cars [...] -
Project proves gas truck savings
- 02/12/2015
- Posted by: Simon Wait
- Category: News
Cenex – the UK’s first Centre of Excellence for low carbon technologies – has added a truck performance simulation to its existing Fleet Carbon Reduction Tool to inform and educate fleets of the environmental and cost implications of operating heavy duty gas trucks, following a three-year R&D project, funded [...] -
Two wheels on the rise
- 01/12/2015
- Posted by: Simon Wait
- Category: News
The latest figures from the Motorcycle Industry Association (MCIA) show that 102,229 motorcycles have been registered year-to-date in 2015, a 12.4% increase over the same period last year. In October alone, registrations increased by 14.2% to 8,504 units. The dry weather and higher than average temperatures are [...] -
Glass’s provides a review of 2015
- 01/12/2015
- Posted by: Simon Wait
- Category: News
Rupert Pontin, head of valuations at Glass’s offers his overview of the automotive sector in 2015. With long nights and short days December is one of the most difficult months of the year for many industries, not least because of the lack of daylight. Most markets worldwide suffer as consumers focus firmly on the [...] -
Concerns over new vehicle tax
- 01/12/2015
- Posted by: Simon Wait
- Category: News
The RAC is fearful changes to the Vehicle Excise Duty system are likely to dampen the enthusiasm for a hybrid or electric vehicles (EVs). Research conducted for the RAC Report on Motoring 2015, highlight almost one in five motorists (19%) say they would consider a hybrid or electric vehicle (EV) as their next car, [...] -
Vauxhall gets techie on small segment
- 01/12/2015
- Posted by: Simon Wait
- Category: News
Vauxhall is introducing its IntelliLink and OnStar systems to the small car segment, providing drivers with connectivity and entertainment with state-of-the-art in-car infotainment technology. The Vauxhall Corsa is now available with the latest generation IntelliLink infotainment system as standard. R4.0 [...] -
TyreSafe launches new consumer website
- 01/12/2015
- Posted by: Simon Wait
- Category: News
TyreSafe has launched a website detailing the dangers, real cost and legal regulations on the sale of part worn tyres – www.partworn-tyres.co.uk. Millions of Britain’s motorists choose to take a risk on their safety and those of others around them each year by buying used tyres despite the hazards. While the [...] -
IMI warns of EV skills shortage
- 01/12/2015
- Posted by: Simon Wait
- Category: News
Government investment in the next generation of electric vehicles (EVs) is likely to fail because of a shortage of skilled technicians, the Institute of the Motor Industry has warned today. IMI has previously raised concerns over the dearth of skilled technicians who are trained to work on electric and hybrid cars [...]