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Councils make £594m from parking

RECORD SURPLUSES from parking revenues have been achieved by councils, according to the RAC Foundation. In 2012/13 councils in England generated a combined "profit" of £594 million from their on and off-street parking operations, the foundation said. This was a 5% increase on the figure of £565 million for 2011/12, and just 52 of the 353 parking authorities in England reported a deficit in 2012/13.

Nissan Ellure concept (2010) unveiled

The Nissan Ellure has today made its world debut at the 2010 LA auto show. Nissan's senior vice president and chief creative officer, Shiro Nakamura states that 'it's not intended as a preview of any upcoming production model' and that 'the Ellure confirms Nissan’s intention to be a strong player in the sedan segment for many years to come' An interesting u-turn, as Nissan has steadfastly pioneered niche markets over the last decade, whilst turning their back on the traditional sectors. Well, the drivetrain's worth a mention: the Ellure boasts a supercharged 2.5-litre four-cylinder with Intelligent Dual Clutch Control (one motor/two clutch design with lithium-ion battery) and 25 kW electric motor.

CPP reacts to news of Spyker sale to North Street Capital

CPP's Brendan O'Toole & Spyker's Victor Muller - when things seemed simple The rather surprising news breaking overnight that Victor Muller has done a deal with a North American Private Equity firm – North Street Capital – to buy Spyker was something of a surprise; we still expected the deal with CPP, backed by Muller’s banker Vladimir Antonov, to conclude in an orderly fashion. So before we jumped in with a report we thought we ought to dig a bit and see what’s going on. But we’re still really none the wiser.