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New car finance volumes up 13%
- 11/09/2015
- Posted by: Simon Wait
- Category: News
Figures released today by the Finance & Leasing Association (FLA) show the number of new cars bought by consumers on finance provided through dealerships increased by 13% in July, compared with the same month last year. The percentage of private new car sales financed by FLA members through dealerships in the [...] -
Aston Martin launches classic certification programme
- 11/09/2015
- Posted by: Simon Wait
- Category: News
Luxury car-maker Aston Martin has unveiled an authoritative new Assured Provenance certification programme which, for the first time in the brand’s 102-year history, comprehensively assesses the background of its heritage sports cars. Created to offer a true blue riband service to heritage car owners and [...] -
Solera engage in buyout talks
- 11/09/2015
- Posted by: Simon Wait
- Category: News
Insurance claims processing software maker Solera Holdings is in advanced talks with private equity firms Thoma Bravo and Vista Equity Partners to sell itself, according to reports from Reuters. Solera is nearing a deal to sell itself for about $53 per share, which would value the company at about $3.6 billion [...] -
BLD Group in administration
- 11/09/2015
- Posted by: Simon Wait
- Category: News
Claims management company Bikers Legal Defence Limited (BLD Group) has gone into administration. The company’s website has now been taken down and the following notice has been posted, ‘Danny Dartnaill and Simon Girling of BDO LLP were appointed Joint Administrators of Bikers Legal Defence Limited on 9 [...] -
17 new apprentices join Lotus
- 11/09/2015
- Posted by: Simon Wait
- Category: News
Lotus has recruited 17 new apprentices, with another eight to join by the end of the year, to work across all divisions of manufacturing - inclusive of trim, paint shop and vehicle assembly – as part of its largest apprenticeship scheme to date. The 17 new apprentices are supported by the training specialists [...] -
Lloyd’s first-half profit falls 28%
- 10/09/2015
- Posted by: Simon Wait
- Category: News
Lloyd’s of London saw its profits fall 28 per cent in the first half of the year. Profits came in at £1.19bn, down from £1.65bn in the same period of 2014, despite turnover rising by 7 per cent. The market’s combined operating ratio (COR) deteriorated by 2.1 percentage points to 89.5% (H1 2014: [...] -
Tyre survey presents ‘golden opportunity’
- 10/09/2015
- Posted by: Simon Wait
- Category: News
Having produced startling results from the first phase, TyreSafe is asking all tyre replacement service outlets to support an even larger and more comprehensive second round of its survey of tyres at the point of replacement. Once again being conducted in partnership with Highways England, the survey aims to build [...] -
Allianz Global Assistance develop training programme
- 10/09/2015
- Posted by: Simon Wait
- Category: News
Allianz Global Assistance UK is working closely with the Institute of the Motor Industry (IMI) to develop its own customer roadside technician training course. Based on a three year ‘Continuous Development Programme’ for each technician, the technical training initiative is part of Allianz Global [...] -
Axalta announce new global innovation centre
- 10/09/2015
- Posted by: Simon Wait
- Category: News
Axalta Coating Systems announced that its new Global Innovation Centre will be located at The Navy Yard in Philadelphia. The 175,000 square foot facility will be home to Axalta’s global research, product development, and technology initiatives and partner with the Company’s other technology centers in the [...] -
NFDA calls time on clockers
- 10/09/2015
- Posted by: Simon Wait
- Category: News
The National Franchised Dealers Association in conjunction with the Retail Motor Industry Federation – the UK’s leading automotive trade body – is calling for the government to do more to tackle the issue of odometer fraud in the UK, with the launch of a new campaign to raise awareness and encourage the [...]