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…
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…