• 17.06.2009

    Private equity group on standby for GM Europe

    Private equity firm Ripplewood is understood to be ready to make a bid for GM Europe should the original agreement with Canadian parts firm Magna fail. Ripplewood was one of four parties interested...

  • 10.06.2009

    Infiniti’s first UK partner announced

    Infiniti Europe has revealed that its first UK partner to sell its models in the UK will be Rymco UK, a wholly owned subsidiary of Rasamny Younis Motor Co and Infiniti’s partner in...

  • 10.06.2009

    PETROL FILLING STATION REQUIREMENT: EAST ANGLIA

    Site Criteria: * Operational site * 2,500,000 litres plus * Shop turnover of £350,000 plus * Must provide / have scope to accommodate ancillary facilities (valeting, ATM, etc) * Preference for opportunities with...

  • 03.06.2009

    Improvement in fuel sector investment market

    Recent auction results suggest that investors are once again regaining confidence in the property market, but in particular are focusing on investment stock in the petrol retailing sector. A selection of ground lease...

  • 02.06.2009

    Business rate is likely to cost an extra 5%

    The Government has proposed a 5% increase in business rates from April 1. Retailers have been protected from big jumps in their business rates by a “transitional relief” system, which ensures increases are...

  • 02.06.2009

    Number of UK franchised dealers set to fall

    Car dealers are an endangered species and their number in the UK will be significantly reduced in the future, according to an industry analyst. PricewaterhouseCoopers said the severe drop would be a result...

  • 02.06.2009

    Magna and Russian bank set to takeover Vauxhall

    Vauxhall and Opel are to be acquired by Canadian parts firm Magna and Russian state-owned bank Sberbank. It is believed that Magna, Sberbank and General Motors (GM) have signed a memorandum of understanding...

  • 02.06.2009

    Fiat bid for Chrysler approved

    Fiat’s bid for Chrysler has been given court approval which should allow the US manufacturer to exit Chapter 11 bankruptcy protection soon. Fiat will control 20% of Chrysler which it will acquire for...

  • 02.06.2009

    Car scrappage scheme

    More than 35,000 new cars have been ordered through the UK’s scrappage scheme since it was announced in April, government figures show. The introduction of a vehicle scrappage scheme was announced in the...