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GLOVEBOX GUIDE – News in a handy packCardiff will replace voucher parking in the city centre with pay-and-display meters from October. Ford has confirmed it is discussing the sale of Jaguar and Land-Rover and says it will also make a decision on Volvo in five months.
While reporting its achievement of profit in the second quarter of this year, Ford said it is “currently exploring in greater detail the potential sale of the combined Jaguar and Land Rover business, and is in discussions with unnamed selected parties who have expressed interest and conducting a strategic review of Volvo.Union Unite says it must have a say in the sell-off. The Mercedes Car Group sold 320,200 vehicles in the second quarter this year, slightly down on the same time 12 months ago but revenue of €12.6 billion was level year on year. Second-quarter sales of 285,600 Mercedes-Benz brand passenger cars were 2pc down and smart brand sales decreased although second-quarter sales of the smart fortwo. Hyundai Motor Co. announced its second quarter net profit was 52pc up year on year, to 611.5 billion won (£333million). Turnover in the second quarter rose 15pc to 8.03 trillion won (£4.35 billion). In the first half, Hyundai’s net profit reached 918.9 billion won, up 23pc year on year, on turnover up 4.9pc to 2.775 trillion won. Hyundai sold 1,296,694 units worldwide during the first six months of this year, a y/y increase of 3.7pc. Domestic sales rose by 8.3pc while export sales were up 2.4pc to 992,411 units. Business is starting to turn the corner for Peugeot.
Sales in Western Europe in the first six months of this year went from 1,274,500 registrations versus 1,265,600 in first-half 2006. It took 14.2pc of the European marketversus 14.0pc at June 30, 2006 and 13.8pc at December 31, 2006. Higher sales of assembled vehicles outside Western Europe saw 436,600 assembled vehicles, up 7.2pc, and sustained growth in the three priority regions. Fiat Group closed its 2nd quarter 2007 with record revenues of €15.2 billion, up nearly 12pc year on year to the highest level in its history on a like for like basis. Group trading profit rose 44pc to €946 million, the highest level ever reached by the Group, with all sectors posting positive results and improving over 2006. Net income of €627 million is €297 million or 90pc ahead of the same period last year. Drivers are slowing down, according to figures from the Department for Transport. Latest traffic flow figures that the majority stay within posted 40mph limits and that fewer speed in roads with 30mph limits, so contributing to increased congestion, journey times, and accidents are still rising. Figures show that the number of cars on UK roads has hardly altered but small vans are rapidly increasing in numbers and motorway traffic has dramatically risen while A-roads are seeing less vehicles. Over five million British drivers confess to causing road rage offences on our roads, according to a new report. The ‘Courtesy on the Road’ report reveals that 16% of motorists admit to initiating a road rage incident. Significantly, seven in ten (70%) motorists felt that the type of car someone drives can attract more aggression from road rage offenders. The MG Owners' Club will become a franchised dealer for Nanjing-MG. Manufacturers and businesses are facing a new compulsory carbon offset tax. The Parliamentary Select Committee on Environmental Audit’s sixth report says the UK has the opportunity to lead the international field in developing robust and helpful guidance and codes of practice at a national government level. This compares poorly with 58pc in Germany and 75pc in Sweden. While progress on standard fitment has been made, with a rise of 7pc over 2006 figures, Thatcham remarks that this level of ESC fitment remains disappointing, since approximately 380 lives could be saved annually if the UK motorist had the same fitment levels as those in Scandinavia. |
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