The RMIF has written to its independent repairers with more details of the Right to Repair Campaign, as this should help to assure the non-discriminatory provision of technical repair information within the retail motor sector.

‘As expected the Bank of England has held interest rates at 5 per cent in May. Although we are disappointed that there has not been a further cut in rates to stimulate the economy, we believe that the current rate of interest rates should help keep consumer credit affordable,’ said Sue Robinson, Director of the RMI National Franchised Dealers Association (NFDA).

‘The sudden removal of the Vehicle Excise Duty (VED) exemption for older vehicles will severely damage the market value of thousands of vehicles, which will be bad news for dealers and owners alike,’ according to Sue Robinson, director of the RMI National Franchised Dealers Association (NFDA).

Carmaker hopes latest development will end strike. General Motors has agreed to pay $200m (£102m) to aid employee buyouts at American Axle & Manufacturing Holdings in the hope of settling the ongoing strike at the parts supplier.

James & Jenkins MD Mark James talks to Alex Grant in the latest video interview of leading industry figures.

First quarter profits fall 28 per cent. Toyota has recorded a profit fall of 28 per cent during the last quarter, its first drop in seven years.

Bank of Scotland Dealer Finance has launched a training scheme to boost productivity and profits for its dealers.

David Foster joins as dealer development manager. SsangYong has announced the appointment of former Bank of Scotland executive David Foster as dealer development manager.

Do you like hassle? Do you like being ripped off? Lawgistics have three top tips to make 2008 a better year for you.