Feud over scrap scheme ends after UK carmakers commit May 19, 2009 CARMAKERS ended their dispute with the government over the new cash-for-bangers scheme yesterday, and confirmed they will take part in the programme. Ford and Honda delayed their involvement in the scheme at the eleventh hour over concerns about how their financial contribution to the scheme would be structured. Both wanted clarification of VAT arrangements and [...]
Dixon the risk-taker changes his tactics to thrive in the recession May 19, 2009 You could almost be mistaken for thinking Mark Dixon, the founder and chief executive of office space provider Regus, is enjoying this recession. Perhaps it is because Regus’ share price has bounced 50 per cent since March. What is clear is that the short, fair-haired, serial entrepreneur who is sitting in one of his flagship [...]
Cash-for-banger scheme dealt opening day blow May 18, 2009 BUSINESS secretary Lord Mandelson’s scrappage scheme was dealt a blow at its launch yesterday, as two of the scheme’s backers delayed registration of their new vehicles at the eleventh hour. The cash-for-bangers programme, designed to kickstart the ailing auto industry, gives motorists a £2,000 incentive when they trade in their old car for a new, [...]
Ford in the red with £213m losses October 21, 2005 Ford fell into the red as losses in its key North American division increased and sales of high-margin sport utility vehicles dropped. The world’s third largest automaker, which is facing a deepening financial crisis, reported its third quarter results yesterday. It announced a $377m (£213m) pre-tax loss compared to a $718m (£406m) profit the previous [...]