We Help Companies Find New Sales Opportunities
Motor - 1996
General Motors is to expand its IBC Vehicles plant in Luton to build 60,000 vans a year, creating about 900 jobs.
Pressac Holdings is acquiring Italmec, the Italian automotive components maker, for £21m.
Bertrand Faure Seating of France is to set up a £12m factory to make frames for car seats in Tredegar, south Wales, creating 290 jobs.
Benteler of Germany is to set up a £14m plant to make automotive chassis assemblies in Corby, creating 120 jobs.
Pride Automotive Group, the US-registered car leasing company, is acquiring AC Cars, the sports car maker, from the reveivers for £5.5m.
Rover Group is to recruit a further 100 specialist engineers to develop new cars at its engineering centre in Gaydon.
Honda is creating a further 250 production line jobs at its Swindon plant.
BSG International, the auto components concern, has acquired Premier Hazard, the maker of warning systems, for £6m.
H Young, the automotive distributor, has acquired Madison, the distributor of bicycle parts, for £6.9m.
Mayflower, the UK automotive engineering concern, is acquiring SCSM, the US automotive body-pressings company, for £101m.
Denso Manufacturing is planning a £31m expansion of its car air conditioning plant in Telford, creating over 300 jobs.
British Steel is to set up an automotive engineering group in Coventry, employing 30 engineers and boosting the company's links with the motor industry.
Ford is planning a £34m expansion of its Belfast motor components plant to produce plastic components for both European and North American vehicles, a move which will create 55 jobs.
Lex Service is to set up a £50m national network of 50 vehicle accident repair centres that will work on a production line basis, in a move that will create 3,000 jobs.
Nissan is to invest £70m on the manufacture of a Primera estate car at its Sunderland plant, a move which will create 150 jobs and increase output to 20,000 cars a year in 1998.
Finelist Group has bought South London Pistons, the engine parts distributor, for £1.9m.
Honda is planning a £50m press plant at Wantage to supply metal panels for UK-built cars, with 100 employees.
Abbey National has acquired Elton Holdings, the contract car leasing concern, for £9.9m.
Cowie is acquiring Lathom Van Hire, the vehicle rental concern, for £4.5m.
The British Racing Drivers Club is planning to create a technology village at Silverstone motor racing circuit, which will work on behalf of the UK's motor sport industry as well as the motor industry in general, and provide hundreds of high technology jobs.
Honda and Unipart are to jointly form three component manufacturing companies, involving investment of over £80m and the creation of up to 500 jobs in Coventry and Kent.
Standard Motor Products of the US has bought Intermotor, the auto electrical components maker, for over £20m.
Trico of the US is planning a £5m expansion of its motor components factory in Pontypool, south Wales, creating 150 jobs.
Dixon Motors of Hull is acquiring Gordon Plunkett Group, the vehicle parts distributor, for £6m.
ADT, the second hand car and burglar alarm group, is to be acquired by Republic Industries of the US for $5bn.
UPF has bought Pioneer, the car exhaust systems maker, for £7.5m.
Finelist, the auto parts distributor, has bought Teviot Motor Factors (Hawick) for £2.6m.
Partco, the motor parts distributor, is acquiring Serck Marston, which is 70% owned by BTR, for £56m.
Showa Corp of Japan is planning a £10m plant to make car parts in Cynon Valley, Wales, creating 200 jobs.
Adwest is buying Rearsby, the automotive component maker, for £29m, thus creating a leading player in the manufacture of control cables, clutches and gear parts.
Siemens Automotive Systems is planning a £20m expansion at its plastic engine parts factory in Telford, thus creating 200 jobs.
Western Star Trucks Holdings of Canada is to acquire ERF Holdings, the last UK-owned heavy trucks maker, for £27.4m.
Hella of Germany is to spend £27m building a new factory in Banbury to make car headlamps, creating 300 jobs.
National Home Loans has bought RCR Contract Hire & Leasing, the vehicle contract hire business based in Coventry, for £7.5m.
Marley has sold its 50% stake in Davidson Marley, the Dutch maker of automotive instrument panels, to Davidsons Overseas Investment for £28m.
TIP Europe, the GE Capital Services division, has bought Smith Self Drive, the truck rental company, for £45m.
Kwik-Fit has acquired an additional 45 outlets by buying three companies for £12.3m - Autospeed Tyre & Exhaust Centres, Manor Tyre Group, and Ebley Tyre Services.
The European Commission has approved a £71m aid package for Jaguar to build the X200 small sports saloon at Castle Bromwich, creating 1,360 jobs.
Motorhouse, the car retailer, is undergoing a £32m management buy-out, in which NatWest Ventures will get a 25% stake.
BMW is to invest about £500m a year in Rover for the next five years, with new models including a small Land Rover and replacements for the Rover 600 and the Mini, creating an unspecified number of new jobs.
Magna International of Canada is acquiring most of Marley's automotive components operations for £53m, including Marley Automotive Components in the UK, Karl Fels of Germany and its stake in a joint venture with Kansei of Japan.
The government is expecting EC approval next week to allow it to provide £72m of aid to Jaguar for a new car plant in the Midlands, which will employ 1,300.
Vauxhall is to spend £650m on modernising its UK plants and on building new models over the next five years, and there is to be a 20% capacity increase at Ellesmere Port, creating 200 jobs.
Simula Automotive Safety Devices of the US is to set up a factory in Ashington to make side-impact head protection air bags, creating 180 jobs.
Finelist is acquiring Edmunds of Bridgend, the Welsh automotive parts distributor, for £450k.
Quicks, the Manchester-based motor distributor, is buying Premier Parts of Leeds and Chester for £2.1m.
Itochu of Japan is to set up a distribution centre in the west Midlands to distribute steel to the UK motor industry.
Tomkins has bought Gates Rubber, the US auto components concern, for $1.4bn.
Lookers is buying Charles Hurst, the Northern Ireland motor distributor with franchises for Rover, Renault and Nissan.
McKechnie has bought Thompson, the US wheel trim maker, for £32m.
BTR is buying Metalurgica Carto, the Brazilian motor parts maker.
Nissan has opened a £10m European Data Centre at its Sunderland plant to control production and distribution.
ADT has sold off its vehicle auctions activities in the UK and Europe to management for £216m.