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The information below comes from the UK Activity Report.
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RAC RAC is to shed about 80 jobs at its Bescot control centre by the M6 motorway, having lost a contract to provide customer services for Volkswagen Group. 08-Feb-2007 Aviva is looking to expand its recently-acquired RAC motoring business by adding 1.8m customers. 21-Oct-2005 The RAC motoring organisation is to shed 200 call centre jobs in Bristol, in order to transfer the work to India. 03-Oct-2005 Aviva is to acquire RAC, the motoring services group that offers roadside recovery, driving schools and insurance services, for £1.1bn, which will result in the loss of 1,700 jobs and the transfer of back-office functions abroad. 09-Mar-2005 RAC is expected to relocate its Lex Auto Logistics operations to smaller premises following the loss of its parts distribution deal with Leyland Trucks. 03-Nov-2004 RAC is to buy out Axa's stake in their financial services joint venture for up to £40m. 20-Sep-2004 RAC has won a £1bn contract to operate and expand the contract hire services of Ford Financial, which will initially involve the transfer of 20,000 car contracts to its Lex Vehicle Leasing division. 30-Dec-2003 RAC has sold its Lex Harvey and Lex Birchwood forklift trucks and mobile maintenance operations, including 18 sites and about 1,000 staff, to Finning International of Canada for £99m. 29-Apr-2003 RAC has won a £230m contract to operate the British Airways fleet of 6,300 ground vehicles, which will involve the transfer of 350 staff from existing operator Ryder. 03-Apr-2003 Lex Service is planning to change its name to RAC, the name of the breakdown business acquired two years ago, in order to reflect its new focus on motor services. 22-Feb-2002 The RAC is planning to set up a motoring call centre at Cussons House in Cheadle, which will eventually house up to 350 staff. 09-May-2001 Lex Service is to acquire RAC Motoring Services for £437m, and will use the RAC brand on its Autocentre servicing outlets and its Autosales used car chain. 01-May-1999 RAC Motoring Services has received more than 20 bids in the first round of the auction for the breakdown recovery business, including offers from Ford, Lex Service and British Gas. 27-Mar-1999 Centrica is said to be interested in bidding for the RAC's motoring services division, as part of a strategy to become a leading provider of household services. 22-Feb-1999 The RAC's attempt to sell its motoring services division to Cendant has been blocked by the government due to the effects it would have had on competition. 05-Feb-1999 Trafficmaster is forming an alliance with the RAC motoring organisation to take operational control of RAC Trafficmaster Telematics. 26-Jan-1999 Cendant's £450m bid for the Royal Automobile Club has been referred to the Monopolies & Mergers Commission, as it would give Cendant a 47% share of the breakdown market. 25-Sep-1998 Members of the Royal Automobile Club have voted in favour of plans to sell off the club's motoring arm, but Cendant will not be able to acquire the operation until after a second member's meeting in August. 20-Jun-1998 Cendant of the US looks set to acquire the RAC motoring services business for £450m, which it will be able to merge with the recently-acquired Green Flag vehicle recovery service to create a powerful rival to the Automobile Association. 02-May-1998 RAC has shortlisted six potential bidders for its motoring operations, which indicates that a trade sale is now more likely than a flotation. 24-Apr-1998 The Royal Automobile Club has seen a big rise in the number of membership applications as people are attracted by the possibility of a windfall bonus if the motoring services operation is floated. 18-Apr-1998 The RAC is to conduct a consultation process with its full members to determine whether to consider splitting its motoring services from its social activities. 11-Apr-1998 The RAC motoring organisation has rejected an attempt by its chairman to convert it from a membership organisation into a fully commercial business. 04-Apr-1998 The Royal Automobile Club (RAC) is planning to acquire the British School of Motoring for £54m, which would give it access to new members as they pass their driving tests. 08-Nov-1997 Guardian Royal Exchange is buying the RAC's insurance broking business for £68m, and the business will become part of Guardian Direct but will continue to use the RAC name. 01-May-1996 Guardian Royal Exchange is discussing the acquisition of RAC Insurance's insurance services business, with the intention of combining it with its telephone insurance operation. 19-Apr-1996 The information above comes from the UK Activity Report Copyright UK Business Park 1995-2007