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Zurich announces 440 job cuts
- 09/11/2015
- Posted by: Simon Wait
- Category: News
Zurich today announced proposals to cut up to 440 jobs in its UK general insurance business as part of a programme to reduce costs in the organisation and simplify its operating structure. The UK insurance market has become steadily more challenging and the drivers for this – including low investment returns and [...] -
GEM offers winter safety advice
- 09/11/2015
- Posted by: Simon Wait
- Category: News
Road safety organisation GEM Motoring Assist is offering simple tips for drivers to ensure trouble-free journeys this winter. Giving some attention now to batteries, tyres, anti-freeze, wipers, lights and other car essentials is the best way of ensuring reliability in the months to come. GEM chief executive David [...] -
New cars cheaper than used models
- 09/11/2015
- Posted by: Simon Wait
- Category: News
Discerning shoppers can save hundreds of pounds by buying a new car instead of a one-year-old version of the same model, according to new research by Whatcar.com. Analysis by the UK’s biggest car-buying brand showed that competitive deals and low interest rates offered by manufacturers to shift their newest [...] -
Quindell plan on name change
- 09/11/2015
- Posted by: Simon Wait
- Category: News
Insurance technology company, Quindell, is planning to change its name to Watchstone Group, pending shareholder approval. The firm is also planning a 10-for-one share merger and a reduction of shareholder capital as part of the previously announced £414m payment to shareholders. A general meeting will be held on [...] -
Bradford bodyshop involved in insurance scam
- 09/11/2015
- Posted by: Simon Wait
- Category: News
The owner of a bodyshop that boasts of clients such as top footballers and music superstars, has paid back tens of thousands of pounds to an insurance company after it was found to be involved in an alleged ‘cash-for-crash’ scheme. The Yorkshire Post reported that Naveed Khan, the founder of Enkahnz in [...] -
JLR to cut costs by £4.5 billion
- 09/11/2015
- Posted by: Simon Wait
- Category: News
Luxury carmaker Jaguar Land Rover (JLR) has launched a secret project to cut costs of £4.5 billion ($6.8 billion) and build 1 million cars per year by the end of the decade, reports the Sunday Times. The project, dubbed Leap 4.5, will entail building more cars on similar core skeletons, overhauling the carmaker's [...] -
Two men sentenced for staging crash
- 06/11/2015
- Posted by: Simon Wait
- Category: News
Two men who met and became friends in prison were yesterday (Thursday, 5 November) sentenced at the Old Bailey after staging a ‘cash for crash’ accident in order to claim over £16k on their car insurance. Kais Bougoussa, aged 46 (1/5/69) from Stratford Road, E3 pleaded guilty to conspiracy to commit fraud by [...] -
£2M training centre opens in Wales
- 06/11/2015
- Posted by: Simon Wait
- Category: News
A motor vehicle training centre that cost £2.1M to build, was opened at Coleg y Cymoedd’s Ystrad Mynach campus on 4 November 2015, reports the Caerphilly Observer. The facility was opened by Julie James AM, deputy minister for skills and technology and aims to provide industry-leading motor vehicle repair, [...] -
Takata cuts profit outlook
- 06/11/2015
- Posted by: Simon Wait
- Category: News
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 [...] -
Bangers4BEN sale at BCA raises £26,550
- 06/11/2015
- Posted by: Simon Wait
- Category: News
BCA staged a special sale of Bangers4BEN cars at Blackbushe on Friday, 30th October to raise money for BEN - the UK’s dedicated charity for those who are working or have worked in the automotive industry. All the cars sold, and a substantial £26,550 was raised for the charity, pushing the total raised by [...]