Lombard, the leasing arm of Royal Bank of Scotland, Lombard, is launching Van Plus+, so far the only in-house, bespoke build management service offered by a leasing company. Customers' vans are fitted out and liveried at one of Lombard's three
The Zastava car assembly plant in Serbia will become the sole factory to build Fiat's new minicar, according to sources quoted by Automotive News Europe yesterday, when Fiat Group Automobiles and the Serbian Ministry of Economy and Regional Development signed
While oil companies announced high profits (Shell and BP, (29 April 2008), most forecourt retailers sold fuel at a loss*, and this is not an unusual situation for them," said Ray Holloway, Director of the RMI Petrol Retailers Association (PRA)
The European Commission has authorised under state aid rules €143 million of aid which the Romanian authorities intend to grant to Ford for the production of vehicles and engines in Craiova in Romania. Ford's two projects involve investments of €600
The Royal Borough of Kensington and Chelsea has applied to join Porsche as an interested party in the judicial review of the Mayor of London's unfair £25 tax on motorists, Porsche was pleased to report yesterday. The Council itself has
Green-Car-Guide Live! 2008 has added to the Eden Project's Sexy Green Car Show in Cornwall as an event showcasing low-emissions vehicles, at the other end of England, in Liverpool. (www.Green-Car-Guide.com)
Daimler AG announced yesterday that it has entered into an agreement to acquire EQT's 22.3% equity interest in Tognum AG, the Swedish off-highway diesel engine maker with which Daimler has long-term cross-supply relations.
The annual meeting of the Italian designer/contract manufacturer Pininfarina's shareholders yesterday approved a €100m capital increase, in which new investors will reportedly include the vice chairman of Ferrari, the chairman of the Brembo brake business Alberto Bombassei, and members of
In first-quarter 2008 Visteon reported a net loss of $105 million, or $0.81 per share, on total sales of $2.86 billion. These results include a $40 million loss associated with the sale of North American aftermarket facilities, including a $21
General Motors yesterday reported first quarter '08 revenues of $42.7 billion. Adjusted automotive earnings before tax were up over $160 million year on year, while reported pre-tax earnings were down by $118m, and an adjusted net loss of $350 million
