Benbar adopts Bentleys nameCheshire dealer group Benbar has completed a rebrand for all its dealerships to trade under the Bentleys brand. The Warrington motor retailer, which has represented Toyota for 27 years and Citroën for 20, previously traded as Bentleys Toyota, Barclays Citroen, Mainland Bodycare and Autoquest Direct.Source AM-online Oct 17Read more....RMG Motors opens Subaru and MG site in BelfastRMG Motors has opened a new Subaru and MG showroom in Belfast. The new business at Boucher Crescent has created 15 jobs and represents a
£1 million investment.Source AM-online Oct 17 Read more....Subaru dealer adds SsangYongUnity Automotive, the Subaru franchisee for
Peterborough, has added the SsangYong franchise for the city. The Cambridgeshire dealership will operate the SsangYong franchise from its premises in Newark Road.Source AM Oct 13Read more....Arnold Clark takes on Chrysler and JeepArnold Clark has added the Chrysler and Jeep
franchise for the first time and the brands will join its Fiat dealerships in Ashton, Ayr and Elgin. Chrysler and Jeep are now part of the Fiat Group after it rescused the brands from bankruptcy in 2009.Source AM Oct 13 Read more....Manufacturer newsLatest new car models gain five-star Euro NCAP safety ratingEleven new models have gained the maximum five-star Euro NCAP safety rating this month. October's top scorers with five stars are the Audi Q3, BMW 1 Series, Chevrolet Captiva, Fiat Freemont, Ford Ranger, Hyundai Veloster, Mercedes M-Class, Vauxhall Astra and Vauxhall Zafira Tourer, Lancia Thema and Toyota Yaris. The Lancia Voyager was awarded four stars.Source Euro NCAP Oct 26 Read more....Jaguar recalls 18,000 cars over 'faulty' cruise controlJaguar has recalled almost 18,000 cars over fears the vehicles' cruise control cannot be switched off. The problem affects diesel-engined X-type models produced between 2006 and 2010. Source BBC Oct 21Read more....Fiat Professional appoints new managing directorFiat Professional has appointed Sebastiano Fedrigo to the role of director, responsible for all the business activities of Fiat Group Automobiles UK's commercial vehicle division.Source AM-online Oct 18 Read more....Citroën to launch '3CV' plus DS3 cabrio, DS4 SUV, DS6Citroën is working on a '3CV', a radical new entry-level model positioned between C1 and C3. Imagine the previous C2 pepped up by the glittery polish that's made the DS3 such a success, and you're not far off Citroen's new city car vision.Source CAR Oct 21 Read more....AM Digest News round-up Continued
New car marketUsed CarConferenceNewsNew car newsAMRecruitmentIndexNewsdigestShowroomVolkswagen product plans show no sign of abatingVolkswagen plans to launch critical new models into the city car, lower-medium and upper-medium segments which will show new design flair and will bring new business to the brand. However, it will not build another coupé-convertible once production of the current Eos comes to an end, as the German carmaker expects the newly-launched Golf Cabriolet to cater for these customers, said its head of marketing communications, Giovanni Perosino.Source AM-online Oct 21 Read more....Economy newsQ3 economic growth no rebound, say expertsThe UK economy grew by 0.5% in the third quarter of 2011, according to the Office for National Statistics (ONS). The growth in the July-to-September period compared with a 0.1% expansion in gross domestic product (GDP) in the previous quarter. But analysts said growth in the second quarter of the year had been dampened by one-off factors. As a result, the third-quarter figures should not be interpreted as a big economic rebound, they added.Source BBC Nov 1Read more....Household debts grow to an average £9,070Households have amassed £208.6 billion of outstanding debts in credit cards, bank overdrafts and other loans, equivalent to £9,070 for every household in the country. In the past year household debts - excluding mortgages - have risen by more than £5 billion, the biggest annual increase since the recession, the bank said. In the last month alone, Britons have increased their debts by £629 million. Economists said that the figures show that people are having to borrow money simply to fund their day-to-day living in the face of rising inflation.Source Daily Telegraph Oct 31Read more....Directors' pay rose 50% in past year, says IDS reportPay for the directors of the UK's top businesses rose 50% over the past year, a pay research company has said. Incomes Data Services (IDS) said this took the average pay for a director of a FTSE 100 company to just short of £2.7m.Source BBC Oct 28Read more....October jump in house pricesHouse prices jumped by 1.2% in October, but quarterly figures showed a downward trend, according to Halifax's latest monthly snapshot of the housing market. The lender said the average price of a UK home had risen for the first time in three months, to £163,311. However, this followed falls of 0.5% in September and 1.1% in August, and over the quarter prices dropped by 0.3%. This is the first time since June that the quarterly figure was negative. On an annual basis, comparing the three months to October 2011 with the same period in 2010, prices were down by 1.8%.Source The Guardian Nov 7Read more....Decade for Europe to recoverEurope will take at least a decade to recover from the sovereign debt crisis, German Chancellor Angela Merkel has warned. On Saturday she said that the crisis will not "simply go away" and that it will "certainly be a decade before we are in a better position". However, in her weekly address she said that there was no reason to be pessimistic if Europe bands together to resolve the crisis once and for all.Source Daily Express Nov 6Read more....