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Glove box guide
publication date: Nov 13, 2008
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author/source: Robin Roberts
Lotus Group has turned a near £5 million loss into £2 million profit in 12 months and is sitting on more than £8 million in cash.
The famous Norfolk research and engineering company, which includes Group Lotus cars, has bucked the trend sweeping through the automotive sector.
Sales slipped to £109 million from £133 million in fiscal 2007.
Lotus attributes the reversal to cost cutting, efficiency improvements and growth in its engineering consultancy business.
Confidence in our financial system must be revived if the economy is to recover, so the Government must work with industry to find the best way to re-ignite the confidence of both consumers and the business community, said Paul Williams, Chairman of the Retail Motor Industry Federation at the RMIF Parliamentary Dinner last night.
The event, held at the House of Commons was attended by MPs and major motor industry figures.
Motorists across the country are calling on their local authorities to follow the example of Swindon Borough Council and scrap their speed cameras according to a new survey by Motorpoint.
An online poll by the Welsh car supermarket giant found that 76pc of motorists wanted their local politicians to look at alternative ways of reducing speeds rather than simply resorting to using fixed-speed and mobile speed cameras. Only 23pc voted to keep the status quo.
While the modern motoring industry faces extremely tough times, the classic car market remains buoyant as classic marques continue to rise in value.
Whilst some vehicles are purchased as an investment, others are brought for the practicality of maintaining them at home and the exemption from road tax.
Owners from all over the UK, and in some cases Europe, will bring over 1,000 classic cars to Birmingham's NEC this weekend (14-16 Nov) for the Classic Motor Show, a showcase if ever there was one for the current state of the market.
Government is taking a new approach to warning children about the dangers they can face on our roads, following new research that shows today's 6-11-year-olds need bolder and more forthright communication about road safety than ever before.
A new £1.5m THINK! campaign unveiled today by Road Safety Minister Jim Fitzpatrick graphically spells out the dangers of not crossing the road safely and highlights the need to 'stop, look and listen' every time.
Almost half of all motorists (47pc) know someone who drinks and drives, according to an AA Populus poll of 11,388 motorists published at the launch of the Safer Winter Journeys road safety campaign.
Two thirds of those surveyed (67pc) said they would notify the police if someone they knew drove under the influence of a large amount of alcohol that would put them far in excess of the drink drive limit, with 32pc saying they would be very likely to do this.
Alcoa has developed an alloy wheel that makes dirt-engrained wheels a thing of the past.
With Dura-Bright technology, it is easy to remove dirt and brake dust with minimal cleaning using only water, offering a polished finish that will neither chip, fade or "yellow" like traditional alloy wheel finishes. Penetrating the wheel itself, the unique Dura-Bright technology will not crack, peel nor corrode ensuring that the wheel stays looking good for many years and it will appear shortly on the latest Audi A6.
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