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BMW’s pay-as-you-go heads to London – BMW will with week launch its pay-as-you-go car club in London in the latest sign of carmakers’ eagerness to tap the “sharing” economy. The German manufacturer, which h as steered a revival of its popular Mini brand in the UK, is due on Thursday to announce the arrival of its Drive Now scheme in London after launches in Berlin, Vienna and San Francisco. Launched in 2011, DriveNow, a joint venture with Sixt car rental company, has 360,000 customers in Germany, making it the country’s biggest car-sharing organisation.
The Daily Telegraph
Banks cut red tape delaying alternative loans to businesses – Britain’s major banks have removed red tape that meant businesses often had to wait months to secure loans from alternative lenders. Royal Bank of Scotland, HSBC, Lloyds and Barclays have introduced common standards meaning it will take no more than seven working days to process applications allowing rival lenders to secure loans against businesses’ assets. When a business takes out a loans with more than one lender, using their property or other assets as collateral, the lenders must agree a “deed of priority”, which determine who would be first to seize assets in the vent of a default.
AA aiming for an online connection to drivers’ wallets – AA members could soon be going online in their cars through the motoring company’s mobile internet service, as expand beyond its core service. The company is hoping to leverage its brand and begin offering a wider range of services under its new bosses, who led a management buy-in and accelerated flotation in June. Chief financial officer Martin Clarke said the AA is looking to take a greater share of drivers’ spending.
Boris looks at banning cars on Sundays – Car-free Sundays could be introduced in parts of central London, Boris Johnson has suggested. The mayor of London, who had previously rejected the idea, said it should be reconsidered after joining Indonesia’s new president Joko Widodo, on a mass cycle ride in Jakarta. Every Sunday, several min boulevards of Jakarta are close to motorised traffic from 6am, allowing tens of thousands of Indonesians to pour into the streets on bikes and on foot, with street stalls and music offering a carnival atmosphere.
DVLA pockets £25m from parking firms – The DVLA has pocketed nearly £25million in five years selling sensitive personal details of millions of motorists to controversial parking enforcement firms. Details are sold at £2.50 a time, often to firms levying parking charges on drivers using privately-owned car parks at NHS hospitals, supermarkets, shopping centres and even tourist attractions.
Manufacturing leads the way for growth – Britain’s manufacturers are ending 2014 on a high with output, investment and recruitment on the rise to meet buoyant domestic demand. The relative strength of the UK economy, led by industries such as motor vehicles, electronics and aerospace, has enabled Chancellor George Osborne’s vision of March of the Makers to gain momentum.