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Volkswagen takes stake in Suzuki
Wed, 09 Dec 2009VW takes a 19.9% stake in Suzuki We’re back on the co-operation and rationalisation path again, this time with Volkswagen and Suzuki, with the announcement that VW is to take a 19.9% stake in Suzuki, with Suzuki in turn re-investing up to half of the proceeds in to Volkswagen shares. This deal has been on the cards for some time but has obviously been pushed in to reality by the changing landscape for car manufacturers, where they seek to find a more secure future with takeovers, mergers and partnerships. Which is all very logical, even if it will inevitably lead to less choice for the car buyer in the long term.
Multi-Million Euro Results At Coys Classics Auction
Mon, 07 Apr 2014THE MONEY flowed thick and fast at the recent Essen Techno Classica classic car show, as Coys auctioneers sold some important cars for significant sums of cash. Headline-grabbing cars included a 1972 Ferrari 365 GTB/4 Daytona Berlinetta that went for €487,305, a 1963 Bentley S3 Continental “Flying Spur” for €170,825 and a 1965 Ferrari 330GT 2+2 for €167,468. Other important classic cars that went under the hammer were a 1962 Jaguar E-Type Series I 3.8 Litre Roadster for €112,637 and a 1937 Bentley 3½ Drophead Coupe by Barker for €109,280.
Online driving licence to reduce insurance costs
Thu, 09 Jan 2014First the tax disc, now your driving licence, as government plans to put driving records online are set to make the paper counterpart licence obsolete – reducing your car insurance premium in the process. By creating an online record that insurance companies can easily check, ministers and the Driver and Vehicle Licencing Agency (DVLA) expect insurance costs to fall, as insurers will be able to exactly analyse risk rather than hedging their bets. On Bing: see pictures of the counterpart driving licence Tax disc to be scrapped after 93 years At present it’s tediously time consuming for car insurance companies to check motorists’ driving records with the DVLA, which means most take people at their word about the number of penalty points they have.