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Motor - 1996

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1996


General Motors is to expand its IBC Vehicles plant in Luton to build 60,000 vans a year, creating about 900 jobs.
20-Dec-1996


Pressac Holdings is acquiring Italmec, the Italian automotive components maker, for £21m.
20-Dec-1996


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.
12-Dec-1996


Benteler of Germany is to set up a £14m plant to make automotive chassis assemblies in Corby, creating 120 jobs.
12-Dec-1996


Pride Automotive Group, the US-registered car leasing company, is acquiring AC Cars, the sports car maker, from the reveivers for £5.5m.
09-Dec-1996


Rover Group is to recruit a further 100 specialist engineers to develop new cars at its engineering centre in Gaydon.
05-Dec-1996


Honda is creating a further 250 production line jobs at its Swindon plant.
05-Dec-1996


BSG International, the auto components concern, has acquired Premier Hazard, the maker of warning systems, for £6m.
03-Dec-1996


H Young, the automotive distributor, has acquired Madison, the distributor of bicycle parts, for £6.9m.
03-Dec-1996


Mayflower, the UK automotive engineering concern, is acquiring SCSM, the US automotive body-pressings company, for £101m.
08-Nov-1996


Denso Manufacturing is planning a £31m expansion of its car air conditioning plant in Telford, creating over 300 jobs.
24-Oct-1996


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.
16-Oct-1996


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.
05-Oct-1996


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.
03-Oct-1996


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.
02-Oct-1996


Finelist Group has bought South London Pistons, the engine parts distributor, for £1.9m.
04-Sep-1996


Honda is planning a £50m press plant at Wantage to supply metal panels for UK-built cars, with 100 employees.
31-Aug-1996


Abbey National has acquired Elton Holdings, the contract car leasing concern, for £9.9m.
14-Aug-1996


Cowie is acquiring Lathom Van Hire, the vehicle rental concern, for £4.5m.
09-Aug-1996


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.
12-Jul-1996


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.
11-Jul-1996


Standard Motor Products of the US has bought Intermotor, the auto electrical components maker, for over £20m.
11-Jul-1996


Trico of the US is planning a £5m expansion of its motor components factory in Pontypool, south Wales, creating 150 jobs.
03-Jul-1996


Dixon Motors of Hull is acquiring Gordon Plunkett Group, the vehicle parts distributor, for £6m.
03-Jul-1996


ADT, the second hand car and burglar alarm group, is to be acquired by Republic Industries of the US for $5bn.
02-Jul-1996


UPF has bought Pioneer, the car exhaust systems maker, for £7.5m.
22-Jun-1996


Finelist, the auto parts distributor, has bought Teviot Motor Factors (Hawick) for £2.6m.
18-Jun-1996


Partco, the motor parts distributor, is acquiring Serck Marston, which is 70% owned by BTR, for £56m.
12-Jun-1996


Showa Corp of Japan is planning a £10m plant to make car parts in Cynon Valley, Wales, creating 200 jobs.
07-Jun-1996


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.
04-Jun-1996


Siemens Automotive Systems is planning a £20m expansion at its plastic engine parts factory in Telford, thus creating 200 jobs.
28-May-1996


Western Star Trucks Holdings of Canada is to acquire ERF Holdings, the last UK-owned heavy trucks maker, for £27.4m.
21-May-1996


Hella of Germany is to spend £27m building a new factory in Banbury to make car headlamps, creating 300 jobs.
13-May-1996


National Home Loans has bought RCR Contract Hire & Leasing, the vehicle contract hire business based in Coventry, for £7.5m.
04-May-1996


Marley has sold its 50% stake in Davidson Marley, the Dutch maker of automotive instrument panels, to Davidsons Overseas Investment for £28m.
30-Apr-1996


TIP Europe, the GE Capital Services division, has bought Smith Self Drive, the truck rental company, for £45m.
24-Apr-1996


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.
18-Apr-1996


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.
28-Mar-1996


Motorhouse, the car retailer, is undergoing a £32m management buy-out, in which NatWest Ventures will get a 25% stake.
27-Mar-1996


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.
22-Mar-1996


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.
21-Mar-1996


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.
19-Mar-1996


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.
08-Mar-1996


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.
08-Mar-1996


Finelist is acquiring Edmunds of Bridgend, the Welsh automotive parts distributor, for £450k.
19-Feb-1996


Quicks, the Manchester-based motor distributor, is buying Premier Parts of Leeds and Chester for £2.1m.
07-Feb-1996


Itochu of Japan is to set up a distribution centre in the west Midlands to distribute steel to the UK motor industry.
05-Feb-1996


Tomkins has bought Gates Rubber, the US auto components concern, for $1.4bn.
31-Jan-1996


Lookers is buying Charles Hurst, the Northern Ireland motor distributor with franchises for Rover, Renault and Nissan.
23-Jan-1996


McKechnie has bought Thompson, the US wheel trim maker, for £32m.
17-Jan-1996


BTR is buying Metalurgica Carto, the Brazilian motor parts maker.
09-Jan-1996


Nissan has opened a £10m European Data Centre at its Sunderland plant to control production and distribution.
04-Jan-1996


ADT has sold off its vehicle auctions activities in the UK and Europe to management for £216m.
04-Jan-1996