News - Page 2413

KWIK-FIT has bought three tyre and exhaust companies operating from 45 specialist centres for £12.3 million to boost its European outlets network to 836.

A NEW traffic information service has been launched by Trafficmaster. Called Oracle, the latest development in in-car hi-tech will provide audible information on motorway traffic through the car's standard audio system using a network of sensors on Britain's motorways.

TESCO predicts that a continuation of the petrol price war will cost the superstore giant £30 million over the next 12 months. Company chairman Sir Ian MacLaurin said the war had now reached its peak, but increases in wholesale petrol prices would still put pressure on margins.

AUGUST'S VAT rule changes triggered a £2.25 million sale and leaseback deal between vehicle management services company Dial and cash and carry group Nurdin & Peacock.

PEUGEOT fleet customers will benefit from a new system which aims to deliver vehicles within two days of orders being placed. Peugeot has launched the 3-D system - demand driven distribution - which gives dealers access to 15,000 vehicles stored at four compounds in the UK.

RESURGENT van builder LDV revealed a 27% rise in pre-tax profits to £23.3 million on turnover up 43% last year. It also announced it is looking for partners to fund a £150 million programme to develop future van models. A Stock Market flotation is another funding option.

VAN, car and truck rental operator Smith Self Drive has been bought by TIP Europe, part of GE Capital Services, for an undisclosed sum. The deal gives TIP Europe its first foothold in the short term rental sector and UK and European expansion is now expected.

ROVER has launched two new versions of the 100 range called the Knightsbridge and Knightsbridge SE, with new colours, trims and specifications. It is now the cheapest model in the range at £6,595 with its spec derived from the existing 111i.

BRITAIN'S 51 police forces and the Home Office police department have extended a tyre deal with Goodyear until 1998 following the end of a three year agreement.

THE Fleet Driver Training Association has appointed its first new member following the launch of the organisation by 10 founder members. Aylesbury-based Defensive Driving Consultants was admitted to the Association at its second meeting.

STOLEN vehicle recovery system Tracker can now be fitted to cars and vans for £2.75 a week over three years. The weekly payment is available on a leasing plan for a minimum of three vehicles following a link up between Tracker and finance company Schroder Leasing.

VAUXHALL is offering £600 off a new Astra 1.6 in an unrepeatable restricted offer to fleet operators. The special deal enables all VAT-registered companies to buy an Astra 1.6 LS hatchback for the same price as the 1.4 model.

THE Association of Car Fleet Operators is claiming 'strong support' for its campaign to force manufacturers to abolish delivery charges. And at the Fleet Show at Silverstone, ACFO chiefs were lobbying manufacturers to establish how many of them were willing to commit to restructuring their price lists.

PEUGEOT made profits of just £4.9 million from its UK operations last year - down from £9.5 million over the previous 12 months. The company blamed poor demand and tougher competition - especially in the fleet market - and an ageing product mix and also noted a slip in market share from 7.7% to 7.4%.

ROVER has secured a contract to supply Group Lotus with 420 cars worth around £6.3 million at showroom prices.

FORD has broken arch-rival Vauxhall's stranglehold on the Association of Car Fleet Operators' 'Fleet Car of the Year Award'. This year, the 11th annual poll among ACFO's 640 fleet operator members, the Ford Mondeo has won the prestigious accolade.

CHRYSLER has released prices for its new Neon car and fleets can look forward to high specification including a no-cost automatic transmission. The move represents a first in the sector and it would appear that Chrysler aims to offer a Mondeo sized car at Escort prices.

A MAJOR survey of thousands of fleet car accidents has revealed that the cheapest company cars to repair are Fiats and Range Rovers. Most expensive are Honda and Mazda which cost nearly twice as much to repair as the mainstream fleet cars.

THE information superhighway will increasingly replace the motorway as the business community makes more use of electronic media as an alternative form of travel, says a new report from Autoglass.

THE number of franchised dealers will fall by almost half over the next decade, according to industry experts at Sewells International. Market watchers at Fleet News' sister publication predict the total number of franchised dealerships will drop from 7,430 at the end of last year to 4,660 by 2005.

THE RAC has launched a new flexible European motoring assistance scheme for company car drivers. At the same time the motoring organisation has warned that driving in Europe without comprehensive cover could become a 'budget-breaking Euro-nightmare' for the 450,000 UK registered company cars which are driven abroad each year.

OASIS Global Systems has put its electronic trading initiative onto a commercial footing by signing Lease Plan as its first major customer.

CITROEN is aiming to breathe new life into Xantia fleet sales by making air conditioning standard in all but three models. Citroen UK managing director Jean Marie Walch announced the move at the Fleet Show. Exceptions to the move are the entry level 1.9D hatchback and 1.9TD estate and hatchback.

FLEET operators could save millions of pounds following an historic tax victory by accountants over HM Customs & Excise. Tax specialist Ernst and Young successfully challenged Customs' stance on the deductibility of VAT on the delivery of company cars - paving the way for recovery of VAT potentially back as far as 1978.

VAUXHALL launched a new contract hire product aimed at smaller business users. The All For One scheme is targeted at small fleets emerging from recession and looking to expand while keeping one eye on the budget.

FLEETS are at the centre of a political row over the attitude of a future Labour Government towards company car taxation. The Labour Party has refuted national newspaper speculation that the company car will be a primary tax target under the party's new transport policy.

ONE of the UK's largest dealership groups is reporting 'sensational' demand for the Renault Megane with almost 400 orders for the Ford Escort/Vauxhall Astra rival within hours of the new car going on sale.

THE convertible version of Jaguar's stunning new XK8 sports car has broken cover for its world debut at the New York International Automobile Show.

BCH Vehicle Management has held a special safety course for ten nurses who specialise in Parkinson's Disease patient care.

NORWICH-based leasing company MEVC has become the latest contract hire company to add BSM Qualified Driver Training courses to the services it offers to fleets.