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Businessman opens private toll road
Tue, 05 Aug 2014THE BUSINESSMAN behind a private toll road by-passing a closed commuter route is confident he will not have to sell his home if the venture fails. Mike Watts, 62, has until Christmas to recoup his £300,000 investment or face losing his house. He is charging motorists £2 per journey to use his bypass made from rolled chippings and avoid the closed section of the A431 between Bath and Bristol.
News watch October 2011: today's auto industry news
Mon, 31 Oct 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourMonday 31 October 2011• The two companies planning to buy Saab - China's Youngman and Pang Da - have agreed to pay a €50 million bridging loan, court documents show. And they are pledging €610m in long-term funding from 2012, according to ANE (Automotive News Europe) • Martin Winterkorn, the CEO of the Volkswagen group, says he is pleased with the performance of Seat and Skoda.
Range Rover Evoque top financed luxury car
Wed, 22 Aug 2012A top luxury car finance house has revealed that the Range Rover Evoque is now the most popular financed car. Land Rover is still struggling to keep up with demand for the Range Rover Evoque, and is busy recruiting like mad and moving production to a 24hr, three shift system to help keep up with the number of Evoques flying out of showrooms. In the first year on sale, the Evoque racked up sales of 18,000 and so in demand is the Evoque that Land Rover are even resorting to trying to block grey market sales.