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BMW Mini Factory Invests In UK Future |
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Written by Jorn Madslien - Business reporter, BBC News
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Thursday, 09 June 2011 07:38 |
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BMW to invest £500m in UK factories
9 June 2011 Last updated at 06:25
BMW is pouring fresh cash into its Mini factory in the UK
BMW has announced a plan to invest £500m in UK car production over the next three years.
The money will help fund the production of the next generation Mini in the UK, safeguarding more than 5,000 jobs.
BMW's investment plan is the second major boost to the UK's motor manufacturing industry this week.
Its announcement came the day after Nissan said it would invest £192m and safeguard 6,000 jobs by building its next generation Qashqai here.
BMW's main facilities are its vehicle assembly plant in Oxford, the pressings plant in Swindon and the company's engine plant at Hams Hall near Birmingham.
The motor industry produces the country's most valuable manufactured exports, with £27bn worth of vehicles and parts going overseas in 2010.
Continue reading the main story
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FSA warning to price comparison websites |
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Written by Emma Wall - Telegraph Media Group Limited
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Thursday, 09 June 2011 07:15 |
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FSA warns comparison websites over unfair treatment of customers
The Financial Services Authority has found that 19 comparison websites are treating customers unfairly after flouting rules.
By Emma Wall
6:15AM BST 09 Jun 2011
Betton was director of agency-only stockbroker SP Bell, along with Simon Eagle, who himself was banned and fined £2.8m by the FSA in May this year Photo: Peter Payne
Comparison websites have made bumper profits in recent years as families have looked to save money during the economic downturn.
The FSA has written to the websites highlighting concerns over fair treatment of customers, following a review that found the websites were offering advice without the proper licence.
The letter called into question how the comparison websites were selling insurance and asked that the websites 'think carefully' about whether they are introducing or recommending certain policies without proper authorisation to provide financial advice.
James Daley, editor of Which? Money magazine said that the FSA action was long overdue.
"It is great that the FSA is finally holding the comparison websites to account. In the last couple of years the number of people buying insurance from these sites has risen exponentially. We raised concerns about the exclusions these websites' policies have and the prominence they put on price. Read full story
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Last Updated on Thursday, 09 June 2011 07:42 |
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UK Automotive Directory - Promote Your Business More Effectively |
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The UK Motoring Directory by MotoWorld is a free resource for use by the entire motoring community in the UK. We provide automotive businesses with a place to display their business offering to the public and commercial sectors online. We are exclusively British & American and our content is family friendly. Whether you are looking for car insurance, gap insurance, how to extend your cars warranty or how to save a few pounds on your renewal quote, we have the answers. So for your nearest tyre fitment center, more about how to service your car, to find a driving instructor or car build enthusiasts looking for hard to source car spare parts and new drivers looking for a trick car radio system or set of alloy wheels, our directory is a great place to start your search. |
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Retailer Predicts Electric Shock For Plug-In Car Owners |
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Written by ACFCarFinance.co.uk
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Monday, 23 May 2011 00:00 |
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Electric cars now on sale could plummet in value by two-thirds when they reach the second-hand market in a few years time, predicts a major used car retailer.
At five years old, says ACF Car Finance, such vehicles could fetch just ten percent of their new price.
The shock drop is due to the cost of replacing the electric batteries around the car's eighth birthday - which could cost the owner up to £8000.
The company, which specialises in mid-range family cars, says that many customers are likely to steer clear of buying electric models more than a couple of years old.
Leyton Cooper, ACF's group buying manager, believes that the widespread usage of electric cars will depend on a flourishing second-hand market.
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Last Updated on Monday, 23 May 2011 14:36 |
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Manufacture MOT Failure Rates - Nationwide Autocentres Study |
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Written by Nicola Toulson - Halfords
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Monday, 06 September 2010 08:09 |
New Study Reveals Most Likely MOT Failures
Cars most likely to fail the MOT are revealed in a comprehensive study of top selling motors. Should you be thinking of buying a new car any time soon, think about getting a gap insurance quote and if the car is a few years old find out if the car you are about to buy has a car warranty as extended car warranties are an essential part of todays motoring costs.
Halfords-owned Nationwide Autocentres, which performs more MOTs than any other garage group, has undertaken research which details the how cars perform when it comes to the annual road worthiness test.
It found that three year old Renault Meganes examined in 2009 had a one in four chance of failing, while similarly aged Vauxhall Corsas had a one in five chance.
For five year old cars, the Corsa had the biggest number of failures, 39%, while over a third (35%) of Meganes failed. This compared with 1 in 5 Ford Fiestas, which was shown to be the best performer of the top 10 selling model of that year.
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Last Updated on Monday, 06 September 2010 08:25 |
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Car Finance Lenders & Car Dealers Tackle Motor Finance Fraud |
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Written by Helen Saxon for the fla.org.uk
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Wednesday, 01 September 2010 16:51 |
Lenders Fight Back Against Motor Fraud
Lenders and dealers are working together to tackle motor finance fraud. The Finance & Leasing Association's statistics show that only 8.7% of attempted motor finance frauds succeed. And of those that do succeed, 44% of the cars involved are recovered by lenders.
The FLA (which financed more than 46% of all new car registrations in the UK during 2009) statistics reveal that in Q2 2010, there were 2,361 cases of attempted or suspected motor finance fraud. Rigorous checks by dealers and finance companies kept the actual number of cases where the fraud was not spotted down to 224. This figure is also down 5% on cases of actual fraud recorded in the first quarter of last year.
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Last Updated on Wednesday, 01 September 2010 17:15 |
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SEAT Says 'VAT Hike? What VAT Hike? |
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Written by Helen Saxon for the fla.org.uk
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Wednesday, 01 September 2010 16:51 |
Spanish car maker SEAT is bringing some welcome Latin excitement to the post-Christmas gloom
With news that it is extending and refreshing its successful VAT-free offer.While the TV and papers may be full of ominous reports about the Government's increase in VAT to 20%, SEAT is happy to share some good news with the nation's car buyers: its VAT-free deals are continuing well into 2011.
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Last Updated on Tuesday, 11 January 2011 12:09 |
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