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Archive for September, 2009

Will Aston Martin Be Sold Yet Again?

Aston Martin arguably makes the most beautiful sports cars in the World, and has done so for over ninety years, but under several different owners.

The most recent owner change was just a few years ago, when Ford sold out to a consortium headed by a Kuwaiti investment outfit.

However the latest news is that they – The Kuwaiti Investment Dar, are in financial difficulties and have defaulted on some loans.

At the same time Aston Martin themselves aren’t having such a good time either, due to the global financial crisis, having dispensed with a third of its workforce last December.

The Kuwaiti Investment Dar says that it may have to sell some of its assets to help reduce debt, so that may well mean that this iconic brand will be up for sale yet again.

But then who would have the spare cash to take the risk of investing in the really top end luxury car market today? http://credit-n.ru/zaymyi.html

Storm Erupts Over Ex-Rental Vehicles

A huge storm has erupted in the UK over the highly misleading practice of hiding the identity of ex-rental cars unwittingly bought by the public from official dealerships, paying thousands of dollars more than their real worth.

The UK tabloid newspaper, The Daily Telegraph, reports that it is a widespread practice for car rental companies to register their cars under an ‘innocent’ business name, and then pass their used stock onto the public as a ‘one owner vehicle’.

Of course it’s a one owner vehicle! But with many tens or hundreds of drivers, some of whom love to thrash rental cars!

Had the cars been honestly revealed as ex-rental cars they would have commanded thousands of dollars less in the market place.

The Daily Telegraph claims that two of the UK’s biggest car hire firms used a ‘front’ company name to register vehicles, meaning buyers didn’t recognise the ‘real’ previous owner from the registration documents.

The most controversial cases involve cars that were previously hired out by National Car Rental, which is owned by Europcar, Britains biggest car hire company, which has a fleet totalling 54,000.

The company registered the vehicles in the name of Provincial Securities Ltd. a compnay it owns that did no business.

Can it, does it happen here?

Well, frankly we don’t know. We hope not, but that’s a wish, not a certainty.

If you know, one way or the other, then let us, and our customers, know too. http://credit-n.ru/ipoteka.html

GM Finally Settles On Buyer For Opel, Vauxhall

General Motors has finally annointed Magna International Inc., a Canadian car parts conglomerate and its Russian bank partner, Sberbank as the buyers for 55 percent of the shares in its European operation that produces Opel cars in Germany and Vauxhalls in the UK.

GM will still own a 35 percent stake and employees will own the remaining 10 percent.

Magna have always been the favoured bidder with the German government, even after receiving a last minute increased offer from the other final contenders, RHJ International.

Magna have undertaken not to close any plants nor dispense with any jobs at Opel, but they have not made the same commitment to the British government who are now seeking urgent talks with senior Vauxhall management to abate plant closures and further job losses in the UK.

The main UK plant at Ellesmere Port is slated to produce GM’s proposed all-electric car, the Ampera, and it is expected that some hard bargaining will ensue between Vauxhall and the government over who pays for a national public network of battery charging centres.

Naturally Vauxhall wants the public purse to fund it, but at what cost and guarantees?

Let the bargaining begin! http://credit-n.ru/calc.html

Ten Worst Driving Habits

The experts at Driving Solutions gave us their thoughts on the ten worst driving habits that they’ve seen when teaching thousands of drivers.

They summarized the ten worst as follows:-

1. Tail Gating

2. Using Devices Whilst Driving

3. Keeping to the Left Lane

4. Poor Seating Position

5. Speeding

6. Indicating

7. Motorway Merging

8. Poor Vehicle Management

9. Driving for the Conditions

10. Drink Driving

Do you agree?

Are there any that you think are more annoying than these listed?

Would you like to add your own pet hate to the list?

We’d love to have your opinions so click below and let us know your pet driving hates. http://credit-n.ru/zaymyi-v-ukraine.html