- General Motors says its offer of shares to the public
could raise $18bn (£11.3bn), $5bn more than first hoped. Investor
interest in the sale means demand has rocketed and that the company
can charge more.
- A survey by Auto Trader has
found 61% of consumers are not willing to pay more for a car from a
franchised dealer than an independent. Of those who were, 70% would
only pay up to £299.
- Major manufacturers are
confident the UK total new car market will be in excess of 2m
registrations next year. Ford and Volkswagen believe it could reach
2.2m, with Vauxhall forecasting 2.1m.
- Nissan’s Leaf has been named
the 2011 European Car of the Year – the first time an electric car
has won the award – beating the Alfa Romeo Giulietta,
Citroën C3/DS3, Dacia Duster, Ford C-Max, Vauxhall Meriva and Volvo
- Tata Motors’ profits are
soaring as demand for its Jaguar and Land Rover brands improve.
India’s biggest vehicle maker made 22.2bn rupees (£310m) in the
three months to the end of September – an almost 100-fold increase
on last year.
- Jaguar has signed a
partnership with the Lawn Tennis Association to become its official
vehicle supplier. The deal will last for three years and see Jaguar
as an official supplier to the Aegon British Tennis Series and the
Great Britain Davis Cup Team.
- The first ever British Motor Festival is to be held at
the Royal Windsor Racecourse, Berkshire, from 11 to 13 March 2011.
It will run alongside the annual British Leisure Show, which
attracted more than 21,000 visitors in 2010.