Corporate Business
Jaguar Land Rover Invests in Blockchain Firm Circulor
InMotion, Jaguar Land Rover’s venture capital and mobility services arm, has invested in blockchain technology firm Circulor. […]
investment
MG
MG Motor Invests in People and Premises
MG Motor UK is delighted to announce three new senior management appointments as part of its strategic drive to significantly increase sales volumes and develop its dealer network in the UK. Daniel Gregorious joins as the new Head of Sales and Marketing, bringing over 20 years’ experience in the automotive industry, having held senior sales, planning and marketing roles at Renault, Chevrolet, Kia Motors, and Peugeot. One of Daniel’s first appointments welcomes experienced automotive PR, Carly Escritt, in the role of PR and Events Manager. Carly brings with her over 15 years’ experience in the automotive industry, having worked with Kia Motors for 13 years. Her extensive knowledge of the industry, as well as organizing and overseeing national and international events, along with her ability to cultivate brand reputation amongst journalists, will help MG to continue its development and increase its market […]
MG
MG’s Investment in the Future
New state-of-the-art test facilities have been installed at MG Motor UK’s Longbridge site demonstrating investment in technology, and commitment to the future and the quality of its products. £1.2 million has been invested to install a fifth engine test facility and to further enhance the vehicle rolling road on-site at MG HQ in Longbridge. The state-of-the-art engine test facility has significant improvements on the existing test resource and brings with it a major step change for MG Motor’s test and development capability.
Auctions & Sales
Tracking Individual Classic Car Values with Classic Trader
Classic Trader has just added a very useful function to its website, www.classic-trader.com: international visitors and users of Germany’s largest marketplace for classic vehicles now have access to Classic Trader’s brand-new interactive guide, revealing the financial performance of the top 100 individual classic cars which have recorded the biggest shifts in value over the last six years. This has been achieved by tracking cars sold in that period of time, identified by their chassis number.
Auctions & Sales
Price Of Classics Tumbling?
Driving.ca is reporting that the current financial crisis is having an impact on the collector-car scene, with prices all over the map at the first Barrett-Jackson Auction held in Las Vegas, Nevada recently. Hemi Mopar madness has ended – the days of the $80,000 Austin Healey and six-figure E-Type Jaguars are over for now. A 1962 Healey 300 MKII (Lot 762), which was a ground-up restoration by Healey Lane, of Oregon, was perfect yet sold for a mere $53,900. In January, that car would have sold in Scottsdale, Ariz., for $80,000. (All prices in U.S. dollars.)