All articles by Mike Cobb
Mike Cobb
VW increases profits by 22% in Q1 2014
VW Financial Services contributed 353m (£290m) to the operating profits of the Volkswagen Group as the company posted first quarter 2014 profits of 2.9bn (£2.38bn), up 21.8% or 0.5bn on last year.
VW Group increases global sales by 5.8%
The Volkswagen Group continued to grow its sales as the manufacturer delivered over 2.4 million vehicles in the first quarter of 2014, a rise of 5.8% on the year before, according to a statement from the company.
Dürheimer rejoins Bentley as chief executive
Wolfgang Dürheimer, currently the VW Group committee member for motorsport, has been appointed as the chairman and chief executive of Bentley Motors Ltd, as well as being appointed to the VW Group committee responsible for the Chinese and US markets starting 1 June.
European car market grows for three successive quarters
European car sales have climbed by 7.2% in the first three months of 2014, making it seven consecutive months of growth, according to the information provider JATO.
45% of UK will buy a car in 2 years – Nielsen
Just under half of UK consumers are looking to buy a new or used car over the next 24 months, trailing the global average, according to a survey by data provider Nielsen.
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DSG appoints ex OFT official as compliance officer
Independent finance provider DSG Financial Services has appointed a head of compliance to help ease the implementation of the Financial Conduct Authority’s regulations among its dealer partners.
General Motors’ auto finance revisited
It’s been an up and down journey for General Motors’ auto finance arm, but the company is now back in its parents hands and enjoying renewed success and optimism, as Mike Cobb reports
UK motor industry better off in EU KPMG and SMMT
The automotive industry has strongly urged the UK to maintain a strong voice in the European Union according to a report complied by the accountancy firm KPMG and UK industry body the Society of Motor Manufacturers and Traders (SMMT)
UK used market expands by 0.9% in 2013
The used car market has experienced its best year since 2008 with sales in excess of 6.8 million units in 2013, according to information provider Experian.
Products need to be more flexible suggest Paragon
Industry body the Finance and Leasing Association (FLA) and finance providers have been commenting on the switch to the new Financial Conduct Authority (FCA) led regulatory environment which started today after months of concern throughout the industry.