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Motor - 1997

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1997

1996


Toyota is said to be planning to announce a £240m investment at its Deeside plant in north Wales to produce engines for the new car that will be built in France, creating a substantial number of jobs.
22-Dec-1997


Lonrho has sold Dutton-Forshaw, the franchised vehicle dealership, to a management team named Tanel for £113m.
18-Dec-1997


Honda is to increase car production at its Swindon plant to 150,000 units next year, creating an additional 400 jobs.
16-Dec-1997


Ryobi of Japan is planning a £28m expansion to its Northern Ireland factory that makes aluminium transmission and clutch cases, increasing the workforce to 155.
11-Dec-1997


Morris Ashby, the automotive castings company, is being acquired by Automotive Components Investments of the US for £49m.
04-Dec-1997


Continental of Germany is planning a 25% increase in output at its Newbridge tyre plant near Edinburgh, creating 170 jobs.
24-Nov-1997


IBC, the Luton based van maker owned by General Motors, could increase employment by 40% over the next few years due to a new medium van being developed with Renault.
21-Nov-1997


Allied Signal of the US is acquiring Holt Lloyd, the car care products company, for £95m.
17-Nov-1997


Ascot has sold Sagar Richards, the automotive gearbox components business, to Valeo of France for £8m.
15-Nov-1997


FKI is selling its automotive division, which makes components for carmakers, to a management team called Trident Automotive for £92.5m.
14-Nov-1997


The Royal Automobile Club (RAC) is planning to acquire the British School of Motoring for £54m, which would give it access to new members as they pass their driving tests.
08-Nov-1997


Motorcycle City, the chain of motorcycle dealers, has been sold to a management buy-out with the support of venture capitalist Electra Fleming for undisclosed terms.
07-Nov-1997


Sanderson Bramall is acquiring Charles Sidney, the Mercedes-Benz distributor, in a £37m deal that will improve its geographical coverage and increase its representation in prestige marques.
06-Nov-1997


Finelist has acquired Wheels Motor Factors, the car parts business, for £6.8m.
04-Nov-1997


Honda is said to have chosen Swindon as the site to build a compact hatchback model, a move which will increase output at the plant to 250,000 cars a year, and official confirmation is expected in early 1998.
27-Oct-1997


Jardine International Motor of Hong Kong is to acquire Appleyard Group for £55m, creating the largest motor dealer in the UK.
11-Oct-1997


Sixt of Germany is to acquire European Car Rental of the UK, and will expand the business from eight to 50 offices as it launches a major assault on the UK market.
10-Oct-1997


Holt Lloyd has acquired the Simoniz car care products business from Burmah Castrol for £7m.
04-Oct-1997


Land Rover is taking on an additional 300 workers at Solihull to cope with higher than expected demand for its new Freelander vehicle.
03-Oct-1997


Quicks is acquiring Caverdale's 24 car dealerships for £45m, giving it its first Volvo, Jaguar and Lotus franchises and increasing its presence in the south and the Midlands.
02-Oct-1997


Car Group is acquiring Empress Car Co (Abertillery) for £20m, thus doubling its car sales to over 600,000 per year.
10-Sep-1997


Goode Durrant has acquired Transport Development Group's vehicle rentals business for £28.2m, taking it into Scotland and the south of England for the first time.
03-Sep-1997


Marling Industries, the seat belt webbing company, is being acquired by Autoliv of Sweden for £31m.
30-Aug-1997


Republic Industries of the US has made a £95m recommended offer for EuroDollar, the UK car rental company.
12-Aug-1997


Dixon Motors is buying Carnell Motor Group, the car and motorcycle retailer, for £13.4m.
06-Aug-1997


Henlys is selling its motor dealerships to a management buy-out for £56.6m, in order to focus on its growing bus building business.
06-Aug-1997


Mitsubishi Motors is setting up a £2m import centre at Portbury Docks in Bristol in anticipation of an expected doubling in imports to 40,000 cars a year, creating about 80 jobs.
22-Jul-1997


Shalibane, the maker of products for the European motor industry, is acquiring BWL Component Engineering and Alpha Tubes for £3.6m.
11-Jul-1997


Eurosil, the maker of synthetic rubber components for cars, is planning a £2.6m expansion of its plant in County Durham, creating 111 jobs.
03-Jul-1997


General Electric Capital of the US is acquiring TLS, the vehicle rental company, for £68m.
28-Jun-1997


Lear Corporation of the US is acquiring Dunlop Cox, the maker of frames for vehicle seats, from BTR for £36m.
07-Jun-1997


TRW of the US and Toyoda Motor Works of Japan are setting up a joint venture called TRW Toyoda Automotive, to make pumps for power-assisted steering systems near Neath in Wales, creating 220 jobs.
31-May-1997


Hyundai of South Korea is said to be considering Bristol, Tyne and Wear, and Scotland as potential sites to build a major European car plant capable of making 100,000 cars a year, with the creation of over 2,000 jobs.
25-Apr-1997


Tomkins is acquiring Stant Corporation, the US car parts maker, for £372m.
10-Apr-1997


Pressac Holdings is acquiring Kaumagraph, the US supplier of dashboard displays for cars, for £9m.
02-Apr-1997


T&N is acquiring Metal Leve's US auto parts business for £31m, which will make it one the world's largest piston manufacturers.
21-Mar-1997


Finelist Group is acquiring Maccess, the car parts retailer, from Heywood Williams for £32.6m.
21-Mar-1997


BSG International has sold its Bristol Street motor dealership to management for £68m, but will retain a 20% stake under its new name Britax International.
19-Mar-1997


Partco, the vehicle parts distributor, is acquiring Dana Distribution Europe from Dana Corp of the US for £103m.
28-Feb-1997


Cooper Tire & Rubber is acquiring Avon Rubber's tyre division for about £60m, as Avon aims to focus on automotive components and technical products.
19-Feb-1997


Nissan is to manufacture a lower-mid-sized car at its Sunderland plant from the year 2000, creating 800 jobs.
22-Jan-1997


Finelist is acquiring Ferraris Piston Service, the vehicle parts distributor, from Tomkins for £61m.
17-Jan-1997


Express Group is investing £3.2m in Express 2 Automotive, a new company based in County Durham to make machined parts for the automotive sector, in a move which will create an initial 61 jobs, rising to 300 jobs later.
03-Jan-1997