All articles by MF Editorial
MF Editorial
Dutton Forshaw sale completed for £53m
Dutton Forshaw sale completed for £53m Retail chain Lookers has today announced that it has completed the acquisition of Dutton Forshaw for £53m – £7m less than the £60m price tag which was attached to Dutton Forshaw when news of its sale was disclosed in September Motor dealer chain Dutton Forshaw, which had 31 outlets under the Dovercourt and Dutton Forshaw brands, was sold by Lloyds TSB’s Asset Finance division, which counts among its business units the fleet management and leasing company Lloyds TSB autolease and the consumer motor finance arm Black Horse Motor Finance.
Manchester Airports fleet win for Lombard VM
Lombard Vehicle Management (LVM) has won a sole-supplier fleet contract with Manchester Airports Group (MAG). The deal will see MAGs 45-strong car fleet sold and leased back to the airports operator, with a certain number of excess vehicles disposed of through LVM
Financing across borders
Financing across borders Neil Kennett talks to dealers, captives and banks to get an idea of the wider European picture Consumers in Central and Eastern European countries are showing a great appetite for big-brand vehicles such as BMWs, Fords and Toyotas In Western Europe, meanwhile, mature markets present their own difficulties for lenders and dealers.
£27m MBO MBI at fleet services provider
£27m MBOMBI at fleet services provider Following the strategic acquisition of rival fleet services provider Inchcape Automotive Ltd in June this year, Camden Corporate Fleet Services (CCFS) has further increased its profile and operational capacity with a £27m investment by Barclays Private Equity.
The throes of a crisis?
The credit crisis, credit crunch, credit squeeze, call it what you will – and the media have come up with many names for the current turmoil affecting world money markets, along with lurid headlines and doom-laden comment pieces – is the defining financial story of 2007 so far
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The King review: Not much guidance for fleets
The King review: Not much guidance for fleets Released alongside the Pre-Budget Report (click here for more details) was the first part of the King review, an investigation by Professor Julia King of Aston University into the future of low-carbon transport The King review has caused waves by its prediction that it is possible to achieve almost complete decarbonisation of road transport in developed countries by 2050, a 50 per cent reduction in emissions per mile driven in 2030 compared with levels in 2000, and a 30 per cent reduction in CO2 emissions compared with todays levels within 10 years
Prestige broker deal win for icenet
Icenet has won a deal with Oracle Finance (Oracle) to implement its automotive software system Oracle is a Harrogate-based broker which specialises in the provision of funding for prestige cars, in addition to marine and aircraft finance.
Petrol RV shock
Petrol RV shock BCAs latest Pulse Report has found a continued narrowing in values between diesel and petrol vehicles and reported average petrol values outperforming average diesel values by 4.3 per cent for the second quarter of 2007, at an average of £7,319 against diesel cars at £7,014
Halliwell Jones
Halliwell Jones Premier acquisition for NW dealer chain Halliwell Jones, the north-west based dealer group has acquired BMWMINI dealership Premier Cars of Llandudno
Repair chain car and transporter fleet contract award
Just Car Clinics (JCC) has turned to Lombard Vehicle Management (LVM) for provision of its fleet of company cars for the management team, and also for the transporters it uses to pick up damaged vehicles. Yorkshire-based JCC, the second-largest independent vehicle crash repair centre chain in the UK, is taking 30 cars, a mixture of Audi, BMW and Mercedes models, to be run on a fully maintained basis