Contract Hire and Leasing News
Porsche Automobil Holding SE, the company which owns the majority share in Volkswagen as well as Porsche badged vehicles, has announced an increase in profits for the first six months of their current business year (August 1, 2008 to January 21, 2009) Upon closer inspection the startling performance, flying in the face of most of the motor industry, would appear to be from financial trading floors rather than cars sold, as the effect of cash settled share option transactions led to the increase in group profits.
Driver reaction times, such as the time taken to apply the brakes or steer away from danger, are 30 per cent slower when driving whilst using a hands-free mobile phone than when driving whilst over the legal alcohol limit, according to a study by car insurer Direct Line, carried out by Transport Research Laboratory (TRL).
Lloyds TSB Autolease (LTSBA) has called for businesses to learn the lessons of the last recession and take immediate action to reduce the costs of mobilising their workforce, as new legislation hits on April 1st.
Nottingham-based, aide automotive has seen a dramatic increase in enquiries for their tyre pressure products since tougher penalties for illegal tyres have been introduced.
SEAT UK is today appointing Nick Andrews as its new Head of Fleet and Business Sales. Nick, 40, was formerly National Fleet Sales Manager at Audi UK, and boasts an extensive fleet, business and leasing background stretching back almost 20 years.