All articles by MF Editorial
MF Editorial
Warning for fleets over online ‘bedroom brokers’
Warning for fleets over online bedroom brokers The anonymity of the internet is proving to be a boon to so-called bedroom brokers who are creating professional-looking websites which give the impression that they are well-respected and long-established when the opposite is true, fleet broker funding provider Network Automotive has warned. Network, part of LeasePlan, is concerned that unscrupulous brokers who pass themselves off as professional operators could cause damage to the UKs legitimate brokers, who have worked hard in recent years to improve the reputation of the industry and to raise levels of self-regulation
New entities after split
The changes will also affect the companies’ UK arms. As of November 1 Mercedes-Benz Cars (Mercedes-Benz passenger cars, smart, Maybach) and Commercial Vehicle (Mercedes-Benz, Mitsubishi Fuso) will be operated by Mercedes-Benz UK Limited, with the retail subsidiary to become Mercedes-Benz Retail Group UK Limited.
Here to stay?
Many fleet managers are turning to more environmentally sound car fleets in line with new sustainability trends within corporations
Forestry Commission deal for ING Car Lease
Forestry Commission deal for ING Car Lease ING Car Lease has won a deal to provide the Forestry Commission with car leasing services, to a maximum value of £293,000 per year
Fleet finds its carbon footprint is falling
ALD Automotives study into company car emissions is therefore welcome news, as the fleet management and leasing company found that the CO2 output from the company cars it provides has fallen by 40 per cent in four years.
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Loan cars for BEN
Loan cars for BEN Motor sector charity BEN has received free loan cars from ALD Automotive and National Car Rental to allow its volunteers to stay on the road for their work Managing director of ALD, Keith Allen said: “Each of BENs welfare officers can travel up to 30,000 miles a year and, as they work alone, often covering large distances, it is particularly important that they have good quality, reliable vehicles
Website explaining PPI launched by law firm
Website explaining PPI launched by law firm The law firm Coffin Mew LLP has launched a website bringing together resources and information on legislation and compliance within the payment protection insurance (PPI) area. The head of Coffin Mews insurance and regulation team, Malcolm Padgett commented: Some companies have seen the resource as specific to their legal and compliance functions, but others are keen to provide the information to all staff concerned with the PPI product, as part of their response to FSAs principles based regulation
Experian: Data service sign-ups
Experian: Data service sign-ups Information company Experian has seen a record number of 300 UK dealers sign up to use its auto check service since July 2007
Black Horse: New innovations hit market
When in 2006 John Woolley assumed the managing directorship of Black Horse Motor & Leisure Finance (Black Horse) it proved to be at a rather defining time
Cattles: 28 per cent H1 profit growth for non-prime lender
Cattles: 28 per cent H1 profit growth for non-prime lender Cattles, the UK financial service provider to the non-mainstream credit market that also specialises in car finance, appears to have benefited from the chaos of the credit crunch, announcing a pre-tax profit increase of 28 per cent to £60.1m for the six months to June 2007 and the addition of thousands of new customers to its books.