60,000 drivers take up scrappage offer June 15, 2009 MORE than 60,000 orders for new cars have been made under the government’s scrappage scheme, in a rare piece of positive news for the struggling sector. The drive to encourage spending on motors, which began in May, offers consumers £2,000 on cars over 10 years old. Half of the incentive money is supplied by the [...]
Anna Mann enlists top businesswomen to help crack boardroom glass ceiling June 14, 2009 ANNA Mann, one of the City’s most respected head-hunters, will today launch a new initiative called Women on Board, aimed at tackling the problem of gender imbalance on the boards of Britain’s biggest companies. Mann, co-founder of Whitehead Mann and senior partner at MWM Consulting, argues that women bring “valuable diversity of thinking and a [...]
Search for BP chair nears end June 14, 2009 OIL giant BP’s tortuous two-year slog to find a new chairman is finally drawing to a close, and mining and energy heavyweight Paul Anderson is tipped to be the man to end it. While BP refused to comment on who might fill the post – one of the most prestigious in corporate Britain – Anderson [...]
Defender of the realm June 9, 2009 THE FACTS: Land RoverDefender 90 XSStation Wagon6-speed manual PRICE (MODELTESTED): £26,8150-62MPH: Figuresnot availableTOP SPEED: Figuresnot availableMPG COMBINED/CO2: 28.3/266g/km A FEW years ago I was in mid-Wales for a weekend of tyre-testing, speed and lessons in the laws of physics with Welsh rally driver Mark Higgins and his team at the Forest Experience School. Having been [...]
The devil’s in the detail: the trials and tribulations of a property sage June 3, 2009 THERE comes a time in your life when you can draw a line and say: ‘I’ve done a lot of things in my life’, barks Gerald Ronson, thumping a gnarled fist on the table for emphasis. He’s not wrong. Now the undisputed Sage of Property, Ronson, 70, has spent the past half a century constructing [...]
Small car, big noise June 2, 2009 WHEN I covered the Geneva Motor Show back in early March, I said I wasn’t a fan of the shape of the new Polo. Now in its fifth generation, it looks like a new Golf from the front but with the Lupo attached to the rear. I just don’t get it. I want to get [...]
O’Driscoll in chance to heal Lions scars June 1, 2009 IRELAND captain Brian O’Driscoll will have a chance to exorcise demons when he skippers the British and Irish Lions tomorrow against Golden Lions. O’Driscoll will lead the team for the first time since his ill-fated 2005 tour, when he suffered a dislocated shoulder in the first minute of the opening Test against New Zealand. The [...]
New dawn at Chrysler and GM in the US June 1, 2009 CAR giant General Motors (GM) finally filed for Chapter 11 yesterday, as President Barack Obama said his government’s plan for the carmaker was viable and would see the business rise out of bankruptcy quickly. When GM emerges from the largest-ever bankruptcy filing in US manufacturing history, the debt-heavy company will be majority owned by the [...]
Why the public rejects car firm bailouts May 31, 2009 WE are almost there. Barring a last minute hiccup, General Motors (GM) will enter into bankruptcy today. Like Chrysler, it will be using section 363 of the US code, which ought to allow it to reemerge in a few months having shed assets, liabilities and shareholders, and with the government owning the bulk of the [...]
Market forces should be let loose on GM May 28, 2009 IT is a sign of our troubled and confused times that the US government will end up owning a majority stake in General Motors (GM), the ailing car giant that is heading into bankruptcy. It remains unclear what exactly will happen to Vauxhall, the UK division of Germany’s GM-owned Opel, but it seems likely it [...]