A good news week for UK auto industry SOME excellent news is seeping out this week securing investment in the UK auto industry. Nissan is expected to confirm a gigafactory to supply batteries to its Sunderland plant, while it appears that the future of the Stellantis Ellesmere Port plant is also secure with an announcement due shortly – possibly to build electric Vivaro…
GLASGOW-based leasing broker Fleet Alliance has engaged the services of Eco3 to help it identify the pathway to a carbon zero footprint. Already a member of EV100, a group of global businesses that have committed to zero emission fleets by 2030, the company says it has set aside a £10,000 investment to move the business to a carbon neutral footprint. Fleet Alliance…
NEWCASTLE-based leasing and finance broker, Eurodrive Vehicle Contracts, has just completed a management buyout (MBO). Primarily involved in providing finance to motor dealers for stocking and personal car finance under the Eurodrive Motor Finance brand, the company is also a registered BVRLA leasing broker and a provider of asset finance. The MBO brings to a close the acquisition in 2016 by Australian…
More diversity please DIVERSITY in the automotive and broker worlds has always been in short supply. But, thankfully, that is changing. No more so than at Porsche Cars which has just appointed its first ever female CEO. Congratulations to Sarah Simpson below. And congratulations as well to the trio of Alphabet executives that have been named rising stars in the Autocar Great…
PROMOTED FEATURE LEASING brokers were undoubtedly in pole position to take advantage of the pandemic. With dealers closed and unable to transact, brokers offered a digital alternative that allowed customers to view vehicles, compare leasing rates, and research specifications. Not to mention the ability to transact online. Brokers were also advantaged by the digital nature of their business – if you didn’t…
SARAH Simpson is the new boss at Porsche Cars. She takes over the CEO role of Porsche Cars and the Porsche Retail Group at the beginning of September. Current CEO Marcus Eckermann is moving to a role within Porsche AG. The team at Porsche – both in Reading and in our Porsche Centres across the country – have an excellent reputation. It…
ESTABLISHED leasing broker Ash Vehicle Contracts has become an Appointed Representative (AR) of Fleet Alliance. Run by Karen Elwall for the last 16 years, and a Fleet Alliance partner for the past four years, Elwall says it was a natural progression to become an AR. When you are running a business, you have to wear so many hats and the BVRLA audit…
Van supply becoming critical THE BVRLA has articulated in its latest industry report what several brokers have been telling me for a while – that getting hold of new vans is becoming difficult, moving close to impossible. The ramifications for van specialist leasing brokers are fairly obvious. On the other hand it does offer the opportunity for brokers to exercise fleet management competency…