Toyota and Peugeot Citroën entered into an agreement for Toyota to rebadged PSA vans for the European market. As a first step, starting in the second quarter of 2013, PSA Peugeot Citroën will supply Medium Size Vans derived from its existing vehicles Peugeot Expert and Citroën Dispatch. The agreement also includes collaboration on next generation [...]
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The unstoppable Volkswagen Group kept ahead of the game in the first half of 2012. The Group increased its sales revenue to €95.4 billion in the first six months, up 22.6 per cent on the prior-year period. Volkswagen Commercial Vehicles sold 228,000 vehicles in the first six months, up 4.8 per cent on the previous [...]
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Vehicle leasing company, the Autorama Group, is profiting from the banks inability to lend to small businesses. Despite a reluctance to lend by the high street banks, Autorama tell us they are experiencing a healthy appetite to lend in the commercial vehicle sector. The company is taking advantage of this and is expanding its national [...]
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Ryder Europe has completed the outright purchase of commercial vehicle contract hire and fleet management specialist Euroway. Euroway provides a commercial truck and trailer contract hire service, together with fleet management and vehicle maintenance from its base in Leighton Buzzard, Bedfordshire. Euroway’s fleet of 1,419 commercial vehicles ranging from 44 tonne tractor units to 3.5 [...]
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August is always a quiet month. The fact that we have a big sports day in London Village that’s going to last three weeks is one reason the job’s quiet. Most manufactures are on shut down in Europe for summer holidays and most UK senior management tend to join them. Consequently nobody can make any [...]
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Commercial Vehicle Auctions Ltd (CVA) has successfully launched a regional sales initiative designed to take its auctions closer to vendors and buyers throughout the country. Its first regional event, staged just off M1 (Junc 12) at Toddington, took place at Mercedes-Benz dealership, Intercounty Truck and Van. Speaking of the event, CVA Managing Director Adrian Yates [...]
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Despite a month-on-month drop of 5.2 per cent in the value of the average van from June to July, the UK market for vans is still in good shape, according to Manheim, the world’s largest automotive auction business. Figures from the company’s latest Market Analysis show that while the average value of vans dropped by [...]
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The Fleet Auction Group Limited (FLAG) has acquired Protruck Auctions Limited for an undisclosed sum in a multi-million pound transaction. On completing the transaction, Martin Betts, Co-Chairman of FLAG said: “The acquisition of Protruck represents a good opportunity to grow our commercial vehicle and plant offering. Charlie Wright and his team have built a highly [...]
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Mercedes-Benz commercial vehicle dealer Road Range Commercials has opened a purpose-built site at a cost of £1.5 million and incorporating a dedicated VOSA Authorised Test Facility. The dealer operated previously from a site in Zone 3 of the Deeside Industrial Park, but these premises offered no scope for the expansion required to cope with business [...]
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Daimler Trucks, with its Mercedes-Benz brand in Europe and Brazil, its Fuso brand in Japan, and its Freightliner and Western Star brands in the U.S., can look back on a successful year in 2011 with sales and revenues up 20% and return on sales at 6.5%. Andreas Renschler, the Daimler AG Board of Management member [...]
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