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Motor - 2003






















Tsubakimoto UK is to invest £1m in the expansion of its automotive power transmission components factory in Nottingham over the next three years, with the creation of 21 jobs.

HS Atec, the supplier of commercial vehicle parts with annual turnover of £8m, has undergone a management buy-out from Clugston for undisclosed terms, and is planning to open four new depots in the Midlands.

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.

Quaife, the manufacturer of parts for high performance cars, is investing £1m at the former Compair Holman site in Camborne, with the creation of 12 jobs, while OEM Fabrications is to employ 20 people at the site.

LDV has announced a £90m expansion plan that will involve the launch of a new range of commercial vehicles, a new manufacturing facility in Birmingham and the creation of 1,000 jobs over the next five years.

AWG is to sell its Powermarque vehicle leasing business to Venson Holdings for £34m.

Quest Motors has won permission to relocate its Vauxhall dealership in Maldon to a new site at Wycke Hill.

Knorr-Bremse, the manufacturer of brake systems for commercial vehicles, is to set up a new office headquarters and national distribution centre at Emersons Green in Bristol by June 2004.

Reg Vardy is planning to expand its chain of car dealerships from 82 to 160 by 2007, and has also announced plans for a VW outlet in Redditch and two new sites in the west of Scotland.

S MacNeillie & Son is to create 20 new jobs in Walsall, having won contracts worth £3m to equip vehicles for the Metropolitan Police and the Northern Ireland ambulance service.

Hareclive Vehicle Rental, the Bristol-based car hire company with 20 staff and 320 vehicles, has undergone a management buy-out for undisclosed terms.

Carshock is to open a new car sales outlet in York in January, with the creation of 15 jobs, taking its chain to five.

M&S Motorcycles has expanded its Newcastle-based motorcycle dealership with the £1.7m acquisition of Ken's Motorcycles, creating a chain of three sites with 65 staff.

European Motor Holdings has sold its Normand Heathrow Vauxhall dealership to Lance Owen (Kingston) for £0.7m.

Anglesey Council has allocated funding of £1.6m towards a £4m project to expand the Bodorgan Estate motor racing circuit, with the creation of 100 jobs.

Graypaul Ferrari & Maserati is planning to relocate its luxury car dealership and up to 40 jobs from Loughborough to Nottingham, but a date for the move has not been decided.

The Vehicle & Operator Services Agency is seeking a contractor to build and refurbish testing stations for heavy goods vehicles, at a cost of between £10m and £30m.

Listers has awarded a £5.5m contract to Pettifer to build car showrooms in Lincoln and Boston.

Bristol & London is to open an accident management car hire centre in Warrington in partnership with BMW dealer Halliwell Jones, its first outside Bristol.

Nissan is planning to relocate 60 purchasing jobs from its car plant in Sunderland to Cranfield in Bedfordshire by June next year.

ITIS Holdings is to acquire Estimotion, the Israel-based developer of traffic forecasting systems based on the position of mobile phone, for up to £2.8m.

European Motor Holdings is to spend £3.2m relocating its Volvo franchise in Newcastle to a new site, and refurbishing the present location for a Bentley franchise.

Lloyds TSB is setting up a chain of car supermarkets under the Black Horse Car Sales brand, and 50 jobs will be created when a new site opens in Oldbury in January.

Pendragon is to sell its Ford dealerships in Amersham, Aylesbury and High Wycombe to Perrys Motor Sales.

JC Payne, the Aldridge-based manufacturer of lorry bodies with 170 staff, has undergone a management buy-in backed by Baring English Growth Fund for undisclosed terms.

Farmer & Carlisle is creating 10 jobs at a new temporary site for its Toyota car dealership in Leicester, and up to 15 jobs will be created when it moves to a permanent site.

Travelling Car Valeter is planning to expand its Derby-based car valeting business through a nationwide franchising programme, having just recruited its first franchisee in Yorkshire.

Cybit is to raise £4.8m in a share placing to fund the expansion of its vehicle fleet management information business.

The National Assembly for Wales is in private negotiations for the development of two car factories in Wales, with one said to involve the production of up to 500 luxury cars a year under the name of Zircon.

MyTravel is to sell its US-based Auto Europe holiday car rental business to Soros Private Equity for £51m.

The Welsh Development Agency is linking up with the Welsh Assembly and the University of Wales Swansea to build a £10m Technium business innovation centre for the automotive industry at Llanelli Gate.

Telecom 4 is to create 150 jobs at a new installation centre for hands-free mobile phone kits for cars in Bushey.

Volkswagen has awarded its South East Wales franchise to David Jones Garages, and 100 jobs are being created at its new £4m dealership in Cardiff Bay.

Cherwell District Council is to consider plans from Kitewood Estates for the development of a 5-acre site on the edge of Banbury into a "Motor City" for the town's car dealers.

Dutton Forshaw has sold the Dovercourt Audi and VW franchises in Bristol to Heritage Automotive of Weston for undisclosed terms.

CD Bramall has acquired Land Rover and Rover dealerships in Aylesbury from Dutton Forshaw for £4.4m.

Total Maintenance Solutions (TMS) is to create 50 new jobs at its automotive engineering business in Sunderland over the next year.

Lookers has acquired the Lexus Hadleigh car dealership in Essex from E&H Hadleigh for £2m.

MSX International is planning to close its automotive engineering operation in Basildon over the next six months, and some staff will relocate to Southend and Colchester.

EMG Ford has acquired Ford car dealerships in King's Lynn and Wisbech from The John Grose Group for undisclosed terms.

Sytner is thought to be considering plans to set up a Ferrari showroom in Nottingham, following the purchase of the Beechdale garage site next to its existing BMW dealership.

Takao is to expand its car components factory in Gloucestershire, with a 28,000 sq ft extension due for completion next January.

William Jacks has acquired Jaguar and Land Rover dealerships in Maidstone from Dutton Forshaw for £2.3m.

Pendragon has sold Mercedes-Benz dealerships in Northampton and Bedford to United Auto Group in a £6.4m deal.

Reg Vardy has sold an Audi dealership in Leicester to John Fox for £1m and a Vauxhall dealership site in Nottingham to CIS for £10m.

Desira Group is planning to create new jobs in its nine car dealerships across East Anglia and London, with vacancies in management, sales, administration and technical departments.

European Motor Holdings has acquired Land Rover and Jaguar dealerships in Preston from Dutton Forshaw for £4.9m.

Schrader Electronics has announced plans to set up a new plant to manufacture tyre pressure monitoring systems in Carrickfergus, with the creation of 200 jobs.

Automotive Products Driveline Technology has announced a £4m investment programme, in order to expand its clutch systems factory in Leamington and build a new factory in China.

Swansea Council is to consider plans from Sinclair Motor Holdings for the development of two car dealerships in the east of the city.

Epyx has acquired Oasis Global Systems, the developer of IT solutions for the automotive sector, for undisclosed terms.

CD Bramall is to relocate its Reliance ERF commercial vehicle sales business from Brighouse to a new £1.5m site in Leeds next year, with the creation of 20 jobs.

Reg Vardy is to acquire four Land Rover and Jaguar dealerships in Newcastle, Durham and Stockton from Dutton Forshaw for £9m.

Maxsport Competition Tyres is creating 25 jobs at a new £1m sports car tyre retreading facility in Rhayader, Powys.

Mayflower is planning to build a new £30m bus manufacturing plant in Falkirk by 2005, with the transfer of 1,000 staff from its existing TransBus site nearby.

SEV Group has acquired Jumbo Tugs, the Aylesbury-based manufacturer of electric and gas-powered vehicles, for undisclosed terms.

Adonis Construction has gained contracts worth £10m to build car dealerships for Reg Vardy in Nottingham, VW in Cardiff, Hartwells in Abingdon, Chester Meadow in Guildford, Aucott in Tamworth and J&P Arthurs in Shrewsbury.

Laddaw is to set up a new £10m vehicle glass distribution centre at the Interlink Business Park in Leicestershire, which will involve the relocation of 90 staff from Braunstone and 50 from Bedford.

Cosworth Technology is to create up to 60 jobs in Wellingborough next February, having won a £100m contract to make cylinder heads for JCB's new diesel engine.

Bentley is to create 350 new jobs at its luxury car plant in Crewe, in order to increase production of the new Continental GT model.

Uphill Motors is seeking permission to relocate its Vauxhall dealership and about 80 staff to a new site at the Aisecombe Way Business Park in Weston-super-Mare.

Leyland Auto Electrical & Diesel, the supplier of spare parts for commercial vehicles, has undergone a £1.4m management buy-in, saving more than 100 jobs.

Dundee City Council is considering plans from John R Weir to build a £3m Mercedes car dealership on Dunsinane industrial estate.

Westdrive Kia is to relocate its car dealership and 12 jobs to a new £1.7m site at Galleys Corner in Braintree in January, with the creation of ten new jobs.

Mertrux is starting work on the development of a new £1m commercial vehicle servicing centre near Alfreton, which will create 30 jobs.

Nidd Vale Group has sold its General Motors division in Harrogate and Wetherby, which includes 150 staff, to a management buy-out for undisclosed terms.

Walon is to create 50 jobs at Portbury Docks to work on a new contract to repair and refurbish fleet cars for Toyota.

LDV is to spend £125m on the acquisition of equipment from the receivers of Daewoo, which will be used to make a new range of vans at its Birmingham plant with the creation of 1,000 jobs.

Ryland, the car dealership, is planning a £46m management buy-out with financial backing from Barclays.

Standard Motor Products Europe has sold Webcon UK, the Sunbury-based supplier of automotive carburettors to the automotive aftermarket, to a management buy-out for undisclosed terms.

Audi is to build a regional headquarters in Cardiff, including a museum, conference facilities, showroom and the creation of about 70 jobs.

Enterprise Rent-A-Car is planning to create more than 100 jobs in Scotland over the next two years, increasing its number of outlets from 20 to at least 30, while its UK network will grow from 220 to 350 outlets.

Hodgson Toyota is creating 30 jobs at its new £5.5m car dealership site in Gateshead.

Derek Slack Motors is to relocate its Skoda dealership and 17 staff to a new £1m site in Middlesbrough in October.

William Jacks is to sell its BMW and Mini car dealerships in Cobham and Wimbledon to Inchcape Estates for £6.2m.

Caffyns has acquired the Audi car dealership in Eastbourne from Lindbrook for £1.3m.

EMTEC, the automotive training consultancy, has been acquired by Carter & Carter International of Peterborough in a £25m deal.

HR Owen has acquired three car dealerships - the Park West Chiswick BMW dealership in London, the Brighton Mercedes-Benz franchise from Rivervale and the Guy Salmon Jaguar outlets in London from the Sytner Group.

Pantech Vehicle Services is to shed 80 jobs at its car refurbishment business near Bedford, following a fall in demand from car rental companies.

Reg Vardy is planning a multi-million-pound expansion drive in southern England, in order to grow its chain of car dealerships from 77 to 100 by April 2005.

Ricardo is to acquire IFT Group, the German automotive engineering company with 270 staff, for £24m.

Dyson Group is to set up a £15m production line to manufacture fibres for automotive catalytic converters.

The Department of Trade & Industry has announced plans to invest £15m in a new national training academy for the automotive sector, including a hub in the Midlands and nine regional centres throughout the country.

Dixon Motors is to open three new Fiat and Alfa car showrooms at its site in Holbeck, Leeds, early next year, with the creation of 30 jobs.

Heywood Williams has sold Creation Group, the US manufacturer of aluminium parts for recreational vehicles, to Dura Automotive Systems for £36m.

ERF is to shed a further 67 jobs at its truck plant in Middlewich, Cheshire, following the previously-announced decision by parent company MAN to relocate production to Germany.

Westcars, the operator of Saab dealerships in Glasgow and Perth with 75 staff, has been acquired by Eastern Western for about £5m.

Benfield Motor Group has acquired the former Arriva Toyota car dealership in Wakefield, and will retain all 37 staff.

Leasedrive Holdings, the contract hire and vehicle rental company, has undergone a £45m management buy-out.

Volkswagen is to open a £7m flagship sales centre in Milton Keynes this year, displaying more than 200 new and used cars and with 19 workshop bays.

William Jacks has paid £1.8m for a site in Portslade, Sussex, to set up a Volvo dealership.

ISKY Europe is to create about 35 telephone-based jobs in Bristol, having won a new sales and marketing contract from motor retailer Reg Vardy.

Velo, the Marlow-based fleet car management company, has been acquired by West Private Equity for about £10m.

Toyota is to add a third shift at its car factory near Derby, with the creation of 1,000 jobs by the middle of next year.

Ryland has sold its Peugeot dealership in Stoke-on-Trent to Greenhous Group for £2.3m.

Rossetts Commercials is recruiting sales staff, administrators and mechanics at its new £1m Mercedes-Benz van and truck dealership in Crawley.

General Motors is planning to invest £80m at its Ellesmere Port plant to prepare for the production of the new Vauxhall Astra car.

Arriva has sold its Peugeot dealerships in Hartlepool and Middlesbrough to South Cleveland Garages.

Reg Vardy has announced the £11m acquisition of seven more dealerships, including Jaguar and Land Rover sites in Edinburgh, two Volkswagen sites in Wolverhampton and three Ford sites in the west of Scotland.

Arriva is to sell its Stockton-based Peugeot car dealership to Simon Bailes, securing work for 34 staff and creating 20 new jobs.

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.

Traltec UK is to increase production at its automotive mouldings factory in Welshpool, with the creation of 20 jobs.

Zeus Aluminium Products is to create up to 80 jobs at its Brierley Hill-based automotive castings business, and hopes to move to a larger site in Stourbridge in the future.

Antonov has raised a further £1m in a share placing to provide sufficient working capital for the development of its new gearbox design over the next 18 months.

North Kesteven District Council is to consider two applications from Soper of Lincoln for the development of a new BMW car dealership on the A46.

Ryland has sold its Mercedes-Benz van operations in Stockton-on-Tees and Spennymoor to Bell Truck Sales for £0.6m.

HR Owen has acquired the Heathrow BMW dealership in west London for £4.6m.

Hitachi Credit has acquired part of the business of SVM for £12m, in order to expand its Fleetlease contract hire and fleet management division.

Modern Tyre Group has announced the acquisition of the nine Motorway Tyres' depots in Northern Ireland.

Warwick Manufacturing Group is linking up with Ford to set up a £70m automotive research centre near Coventry, in order to improve the performance of suppliers to Ford's Premier Automotive Group.

XL Timbalex, the manufacturer of plastic car components, has been bought out of administration by management, but 123 jobs will be lost at the Bicester site and 80 jobs at Didcot.

BMW is to switch petrol engine production for the BMW Mini from Brazil to Hams Hall, with the creation of "several hundred" jobs over the next five years.
28-Mar-2003 has acquired Holiday Autos, the car rental broker, for £40m.

TRW is to manufacture the next generation of car steering systems at its Resolven factory in Wales, with the creation of an unspecified number of jobs.

Keronite has raised a further £0.8m from investors to expand its Cambridge-based specialist coatings business, in order to develop a new corrosion prevention system for car manufacturers.

Toyota is seeking permission to set up a national car distribution centre at its site in Burnaston, with the creation of 20 jobs, in order to store imports from France, Turkey and Japan.

Lomond Audi has awarded a £6.3m contract to John Dickie to build a new car dealership in Glasgow.

Autoleads, the Armour Group subsidiary, has acquired CTI, the Fareham-based manufacturer of aerials for the automotive and marine markets, for £2.1m.

European Motor Holdings has acquired a Volkswagen car dealership in Walton on Thames for £0.5m.

Stafford Borough Council is to consider plans from Audi for the development of a £1.5m car dealership just outside Stafford town centre, which would create up to 32 jobs.

Bethell Fleet Services has been bought out of administration by a management team for undisclosed terms, securing the future of 26 jobs in Kearsley.

Mayflower Corporation has announced plans to build a £23m car body pressings plant at Fort Dunlop in Birmingham by early 2004, having won a contract from Ford to supply the new Land Rover models.

Octagon Motorsports is to invest £1.9m in a series of upgrades at the Oulton Park racing circuit in Cheshire this year, as part of a £7.5m investment across five sites.

Pendragon is expanding its car dealerships in the US with the acquisition of two Land Rover outlets in California for £8.6m.

Pendragon, the luxury car dealer, is planning to recruit 30 to 40 additional staff at its Nottinghamshire headquarters this year.

Uniloads, the commercial vehicle distribution company, is planning to create 40 new jobs this year by setting up a training programme with Sandwell and Dudley Jobcentre Plus in the West Midlands.

Roulunds Codan, the Corby-based manufacturer of automotive rubber hoses, is to create 50 new jobs, having won a contract from Mexico.

Ballast is to build a £6.5m car showroom in Fazackerley, Liverpool, for Arrowcroft.

Carshock is planning to expand its car sales business with new outlets in Yorkshire, and the workforce is expected to rise from 31 to 50 this year.

Lookers has acquired JN Holdings, the operator of Taggarts Jaguar and Land Rover franchises in Glasgow and Motherwell.

European Motor Holdings has acquired the Preston Hall BMW dealership in Stockton from Arriva for £7.4m.

Ricardo has acquired Tarragon Embedded Technology, the Cambridge-based automotive systems software company with 52 staff, for an initial £3.1m.

Hepworth Motor Group has acquired the Sunwin Motors' Mitsubishi dealership in Bradford for undisclosed terms.

Cirrus Technologies, the Redditch-based car industry service company with 100 staff, has undergone a management buy-out for undisclosed terms.

LDV is planning to develop its Drews Lane site in Birmingham into a European base for Stewart & Stevenson, the US military truck company.

Alan Day Motor Group has acquired four car dealerships in Hampshire from Derek Warwick Motor Group for undisclosed terms, gaining 125 extra staff.

Avis Europe is to acquire car rental operations in Europe, Africa and the Middle East from Budget International for £12m.

CD Bramall is creating about 30 jobs at a new Sanderson Motorhouse used car supermarket in Lincoln, due to open next month.

CD Bramall has acquired Perrys Distribution Services of Borehamwood for £5m, in order to expand its Quickco automotive parts distribution network.

Magna Kansei is to create 96 new jobs at its car components factory in Sunderland, in order to increase injection moulding output by 20%.

Tunbridge Wells Borough Council has approved plans from Porsche dealer Lindbrook for the development of a luxury car dealership in Tudeley.

Lookers has acquired three Renault dealerships and a car rental business from Jackson & Edwards, in order to expand its operations in south Manchester and central Cheshire.

Reg Vardy has acquired one Jaguar and two Land Rover dealerships in the east of Scotland from Arriva for £7.2m, and is looking to expand its network from 67 to 80 by the end of April.

Manheim Auctions has won permission to expand its vehicle auction site in Colchester to over 50 acres.

McConechy's Tyre Service has acquired 33 Hi-Q and Motorway Tyres outlets, in a multi-million pound deal that almost doubles the size of its Scottish truck tyre supply business.

Listers is to set up a new Chrysler and Jeep dealership in Boston, as local company Drayton Motors has ceased trading.

Springfield Motor Group is looking to create up to 100 jobs at its new £1m car dealership, training and inspection centre on the Crowther Industrial Estate in Washington.

Ian Forster Specialist Cars has acquired a one-acre site at East Boldon in South Tyneside to set up a car showroom and offices.

Tomkins has sold Fedco Automotive, the US manufacturer of automotive heater cores, to TransPro for about £5m.