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USED CAR BUYER CONFIDENCE “UNLIKELY TO IMPROVE” IN 2011 SAYS RAC
Thu, 10 Oct 2013USED CAR buyer confidence is unlikely to improve significantly in 2011, meaning that demand for safety net products such as extended warranties will remain strong, says RAC Warranty. The company points out that at the end of 2010, used car warranties are still being enhanced – by both length of time and depth of cover – at around the same rates as during the worst parts of the recession, indicating that the mood of consumers remains cautious. Ian Simpson, sales and marketing director, said: “Next year, the measures that the coalition Government has undertaken to reduce public spending will really start to bite and that will have a definite impact on general confidence.
McLaren F1 to buy BMW F1 Engine ops
Sun, 04 Oct 2009McLaren could be about to buy up BMW's F1 engine operations BMW are quitting F1 at the end of this season, and the Sauber team is up for sale. But the engine operations are not part of the deal. So it’s starting to look as if McLaren are looking to buy up the engine side from BMW and become a completely independent F1 car builder – just like Ferrari.
Mazda design chief Ikuo Maeda brings new meaning to zoom-zoom
Tue, 09 Mar 2010Ikuo Maeda, the new design chief at Mazda Motor Corp., earned the nickname "Speedy" for his lead-footed driving on the race course and off. He may be the only standing auto executive to have had his license revoked--twice. It's only natural then that Maeda, who took the design reins last April, views himself as the rightful guardian of Mazda's zoom-zoom brand heritage.