Manchester-based dealer group Horners is in talks with its banks over the future viability of the business.
Pendragon’s 500 redundancies were essential because of falling sales of new cars to retail buyers and small businesses, said chief executive Trevor Finn.
Fiat has said it will close four of its six plants in Italy for three weeks this autumn following a slump in sales.
Camden Fleet Solutions has launched an online remarketing tool, letsbid4cars.co.uk, in order to market ex-lease vehicles to motor retailers.
A survey by Churchill Insurance has highlighted the regions where motorists are most likely to experience windscreen damage.
Mark Jackson, the chief executive and a founder of accident management group Helphire, has announced a wish to retire.
Transport Secretary Ruth Kelly has today launched a consultation on European Commission proposals to introduce compulsory CO2 targets for new cars of 130g/km by 2012.
The Bank of England has held interest rates at 5%.
Lotus will unveil its Eco Elise concept car at the British International Motor Show this month, showcasing new environmentally friendly technology under development.
Kwik-Fit has opened a £10m National Distribution Centre in Corby, Northamptonshire, to provide quicker deliveries and reduce carbon emissions.
