News

Santander Consumer Finance has acquired CLM Fleet Management. The acquisition is in line with Grupo Santander’s Europe-wide initiative to position Santander as a major provider of contract hire to fleets operating company cars. CLM has over 40 years’ experience in managing fleets of cars and commercial vehicles. John Lawrence, CLM Fleet Management’s Chief Executive Officer, said: “The CLM team are ...

Select Car Leasing has partnered with MotorEasy to provide peace of mind and protection to UK motorists. MotorEasy will provide a full suite of solutions for new and existing Select Car Leasing clients. The first range of insurance products to launch are Lease GAP, Cosmetic, Alloy, and Tyre. Mark Tongue, Joint CEO and Founder of Select Car Leasing, said: “The ...

Ancaster Group has acquired Allams of Epsom, a Skoda dealership known for providing vehicles and servicing for over 70 years. Allams of Epsom, located on Longmead Business Park in Surrey, offers the full range of Skoda vehicles and is an authorised service and MOT centre. Stephen Wood, MD of Ancaster Group, said: “This acquisition is a strategic milestone for us, ...

Last night Elon Musk revealed the much-anticipated CyberCab at an event at the Warner Brothers film studio in Hollywood – a location that has produced both massive blockbusters and monumental flops. The key question for investors and anyone with an involvement or interest in the automotive industry was which category will the CyberCab fall into? The event apparently started an ...

Martec Training, a specialist in motor vehicle apprenticeships and courses, is now using Assisted Reality (AR) headsets to help students in their work. The West Midlands based training provider formulates learning plans for students with special education needs. Martec said it had recorded significant benefits after participating in a trial pioneered by Autotech Connect, The Institute of the Motor Industry ...

Chorley Group turned in what it described as disappointing final results for 2023 with the group delivering pre-tax losses of £983,000 compared to pre-tax profits of £2.02m in 2022 on turnover up 17.1% to a record £281.4m. The group was hit by high interest rates and a higher cost base throughout 2023 combined with  a fall in used EV values ...

KGM Hereford has provided five KGM Tivoli’s to St Michael’s Hospice to support their “Hospice at Home” team. The Tivoli’s will help the hospice provide around-the-clock care to more patients safely and reliably and ensure that nurses can deliver specialised care to patients and their families seven days a week. For KGM Hereford directors Samantha Davies and Dave Peachey, the ...

Stellantis confirmed that the formal process to identify a successor to Carlos Tavares, when he retires in early 2026, is already under way. A successor is likely to be found by Q4 2025. A number of targeted management changes were announced yesterday, effective immediately. Stellantis CEO Carlos Tavares said: “During this Darwinian period for the automotive industry, our duty and ...

Peugeot has announced that orders will open on 05 November for its new SUVs, the E-3008 and E-5008 Long Range, with first deliveries are expected for Q1 2025, Customers can order the new E-3008 Long Range from £48,650 OTR, and the E-5008 Long Range from £51,350 OTR. Both models are available in the ‘ALLURE’ and ‘GT’ trim. Hybrid, plug-in hybrid, ...

Leasing companies are “actively encouraging” businesses and drivers to extend their contracts on electric vehicles for another 12 or 24 months. The aim is to stop the cars coming to market and further reducing prices in an oversupplied used car market. Prices have have fallen 58% in 22 months. The BVRLA said the oversupply was a consequence of the ZEV ...