Valeo has announced that 32,383,612 Ichikoh shares have been tendered to its offer, which ran from November 24, 2016 to January 12, 2017, at price of JPY 408 per share. As the offer was oversubscribed, the financial intermediaries will reduce the shares to be acquired by Valeo on a prorated basis, by approximately 30.26%.
On settlement of the transaction, scheduled for January 20, 2017, Valeo will hold 55.08% of Ichikoh’s capital and will thus take control of Japan’s leading automotive lighting company, which will remain listed on the Tokyo Stock Exchange. Ichikoh will be fully consolidated by Valeo as from February 1, 2017.
Valeo announced on December 12, 2016 that it had obtained the necessary approvals from the relevant anti-trust authorities to proceed with the transaction.
Valeo and Ichikoh are delighted with the offer’s success and would like to thank the contributing shareholders.
Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, said:
“I am proud to welcome Ichikoh’s 5,300 employees to the Valeo family. Thanks to the takeover of Ichikoh, Valeo is strengthening its relationship with Japanese customers and continuing to expand in Asia – particularly in Japan and Southeast Asia – which will account for nearly a third of Group sales.”
Renault Trucks is developing a metal 3D printing process for its engine parts, allowing it to make lighter and more efficient engines.
The parts, developed by the Renault Trucks Lyon Powertrain Engineering department, have already been successfully tested inside a Euro-6 engine.
For haulage companies, metal 3D printing carries a number of advantages. Overall operating costs of fleet of vehicles can be reduced since a reduction in engine volume will lead to greater payloads and lower fuel consumption.
“The aim of this project is to demonstrate the positive impact of metal additive manufacturing on the size and weight of an engine. This process has enabled us to reduce the weight of a 4-cylinder engine by 120 kg or 25%”, said Damien Lemasson, project manager at Renault Trucks.
“The tests we have carried out prove the durability of engine components made using 3D printing. It’s not just cosmetic.”
A prototype DTI 5 4-cylinder Euro 6 step C engine has been designed exclusively using 3D printing.
Although the complete engine was already designed virtually, rocker arms and camshaft bearing caps were manufactured by metal 3D printing and successfully bench-tested for 600 hours inside a Euro 6 engine.
Metal additive manufacturing opens up new development opportunities for thermal engines. This printing process, which works by adding materials layer after layer, can be used to create complex organic forms, as well as optimising the sizing of parts and reducing the number of assembly operations and therefore the number of components in an engine.
In the short-term, this manufacturing procedure can be used for highly specific applications or small runs. Now, following on from these successful initial tests, engineers at Renault Trucks will be continuing their work on this manufacturing process to further increase the performance and functionality of truck components.
FTA’s Van Excellence Operational Briefings provide companies with a unique opportunity to explore operational best practice across a range of key areas. Whether you are an existing Van Excellence member, or an operator keen to know where to begin, our Van Excellence briefings are designed to assist you.
The Van Excellence Operational Briefings 2017, with an unrivalled line-up of speakers, will explore risk and driver management, and discuss best practice and compliance issues across a range of key areas.
The programme for this year will include:
One fateful day – a dramatasied serious road traffic collision enacted with mock police interviews under caution
Best practice for managing drivers – discussing ways of overcoming the challenges faced with driver management
Protect against drug-driving – “Almost 8000 drivers have been arrested for drug driving in the last 12 months”. This session will explain the changes to legislation and explore practical protocols for operators to manage their responsibility
Managing driver health issues – The Glasgow bin wagon tragedy has been well covered in the press but what has the industry learnt from it in terms of managing driver health issues
Reducing driver distraction and understanding driver psychology – We welcome a world renowned expert on driver psychology who will be exploring the mindset of van drivers along with methodologies to manage distraction
Strategies for managing drivers and reducing risk – taking on-board previous presentations, we will discuss best practice in driver management and risk management
One fateful day, the repercussions – A live mock trial and sentencing of the defendants from the crash
1 March 2017
Villa Park, Aston Villa Football Club, Birmingham
23 March 2017
Twickenham Stadium, London
29 March 2017
Pavilions of Harrogate, Harrogate
Cost: £50 + VAT per delegate
The briefings will provide delegates with a light lunch and refreshments and a comprehensive delegate pack featuring the day’s presentations.
Please note – the start and finish times below may change subject to programme confirmation.
For further information and to book places, CLICK HERE.
A new telephone system has been rolled out at all FPS locations, providing customers with clearer calls at a lower rate.
FPS has now completed the installation of a new telephone system at all of the company’s locations, paving the way for 0845 numbers to be removed completely next month. By solely utilising local telephone numbers, FPS is able to offer lower cost calls to customers who currently dial the 0845 equivalents.
Historically, 0845 telephone numbers proved necessary in order to redirect calls should an issue occur. However, with a new telephone system now in place, these situations are covered, negating the need for the 0845 solution.
Customers can start taking advantage of lower cost calls immediately, using the local telephone numbers listed below to contact the company’s telesales teams.
These numbers can also be found on the ‘Contact us’ page on www.fpsdistribution.com which lists all FPS locations, including the Admin Centre.
If the 0845 telephone number is pre-set on their telephone, customers should remember to change it as soon as possible.
Overall customers will enjoy clearer calls at a lower rate and with a new telephone system in place; they can rest assured that the quality of service will remain at a consistently high standard.
Volkswagen dealers in the US will get an average of $1.85m (£1.47m) compensation each in a $1.67bn package which has received approval from a US judge over the VW diesel scandal.
The order was granted by Judge Charles Breyer of the US District Court for the Northern District of California.
The full $1.67bn package is made up of nearly $1.2bn in new cash, $270m through a non-offset provision for prior payments and $175m in ongoing sales incentives.
“The Volkswagen-branded franchise dealer class-action settlement finalised represents an outstanding result for Volkswagen’s affected franchise dealers who, like consumers, were blindsided by the brazen fraud that VW perpetrated,” said Steve Berman, managing partner of Hagens Berman which represented dealers in court.
“We are pleased to have been able to reach a swift resolution to allow these small business owners to get back to business and offset the tremendous hit to franchise value, revenue and profits suffered due to VW’s Dieselgate scandal,” he said in a statement.
In the UK, thousands of UK motorists are to launch a lawsuit against Volkswagen over the issue.
The class action is being led by UK law firm Harcus Sinclair UK which specialises in large group litigation.
The group has applied for a group litigation order order in claims against VW, Audi, Seat and Skoda arising out of the Volkswagen emissions scandal where the carmaker fitted cheat devices to bypass emissions legislation. The application will be heard in the High Court on 30 January.
ZF Aftermarket has introduced the appointed members of its Executive Board, who will be steering its new aftermarket organization with effect from January 1, 2017, they are: Helmut Ernst, Head of Division B, Neil Fryer, Senior Vice President IAM, OES, and Market and Product, Evelyne Zaffino as Vice President Human Resources and Andreas Koetz, who will become Senior Vice President Manufacturing, Materials Management and Quality. Thomas Henne, the current Senior Vice President Finance, Process-, IT-Management and Compliance of ZF Services, will assume this role in the new board until March 1st enabling a seamless transfer of the management role to Daniele Pontarollo.
Helmut Ernst, Head of Division B commented, “The Executive Board Members of our new aftermarket organization pull together generous automotive sector expertise and experience from ZF, TRW, and beyond. This will be an absolute asset as we continue to expand our product and service portfolio, with a focus on delivering our global customers with the entire parts and services they need from a single source.”
Additionally Ernst thanked Thomas Henne for his involvement and support in the growth of the aftermarket business as he started six month release phase for personal reasons: “Thomas Henne built up a structure within his responsibilities that has enabled sustainable growth of the aftermarket business. I appreciate him taking the time to support his successor Daniele Pontarollo in making himself familiar with the day-to-day operations as well as with the international locations and customers.”
The ZF Aftermarket Board:
Helmut Ernst began as an apprentice in Mechanical Engineering and went on to graduate in Mechanical Engineering, Precision Mechanics and Petroleum Chemistry from the University of Applied Sciences in Gießen. Ernst joined Continental in 1985, became Head of Production and then progressed into leadership roles at Continental Automotive Aftermarket, with a focus on Europe, Asia and the USA. He became Vice President of the Independent Aftermarket at Continental, and Managing Director of Continental Aftermarket GmbH. He was also responsible for the Regional Sales Organization of Continental’s Commercial Vehicles and Aftermarket Business Unit. Ernst joined ZF in 2014.
Neil Fryer graduated from the University of London with a Degree in English Literature and was awarded his MBA from Warwick Business School in 1989. After gaining automotive aftermarket experience at Lucas and TRW, Fryer went on to become Vice President Aftersales Europe at Fiat Parts and Services, and then co-founder and acting partner of the consultant company Management 3. He joined TRW Parts and Services as Global Marketing and Engineering Director in 2014 and he became Vice President of TRW Global Aftermarket in 2015.
Evelyne Zaffino earned her Degree in Foreign Languages, Translation and Interpreting Studies from the Université Catholique de l’Ouest (UCO) in Angers. After starting in Personnel and Administration at TRW Braking Systems in 1986, Zaffino progressed from the role of Human Resources (HR) Manager at TRW Braking Systems, to become HR Manager, responsible for Europe, at TRW Engine Components, and more recently, Head of HR Director at TRW Aftermarket in Paris.
Andreas Koetz was awarded his Diploma in Industrial Engineering from the University of Applied Sciences in Mannheim and joined the former Boge GmbH in Controlling, in 1992, where he went on to become Head of Logistics. Koetz took over as Plant Manager in 2002 at ZF Friedrichshafen AG and became Production Line Manager in 2012.
Daniele Pontarollo earned his MBA from the Business School CUOA Foundation in 2002, after graduating at the University of Padova. Afterwards he started as an International Management Trainee at ZF Friedrichshafen AG. He has since operated in different functions inside Finance and Controlling in Germany, Brazil and Mexico. In 2009 he became the CFO in Mexico and since 2011 he is responsible for Finance, Controlling, IT, and HR as Vice President for ZF Marine.
Thomas Henne graduated in Business from Cologne University in 1990. After a series of internships in Cambridge, England, followed by four years as an Internal Consultant on business processes and structure at Colonia Insurance, Henne joined ZF Friedrichshafen in 1995. He has since operated as Head of Internal Revision, Head of Controlling and Head of Corporate Controlling. Henne has been Senior Vice President Finance, Process-, IT-Management and Compliance ZF Services, since 2011.
Speeding fines for the most serious cases in England and Wales will rise by up to 50% after new sentencing guidelines were published.
The current limit for a speeding fine is 100% of the driver’s weekly wage, up to £1,000 or £2,500 if they are caught on a motorway.
However, when the new guidelines take affect from April 24, a driver caught doing 41mph in a 20mph zone, or 101mph on a motorway, could be fined 150% of their weekly income – although the upper cash limit will stay the same.
Paul Loughlin, an expert in motoring crime and solicitor at the national law firm Stephensons, said: “While these changes might only be dismissed as ‘sentencing guidelines’, drivers should be aware that – in practice – a magistrate is likely to stick to them unless they have a strong indication that doing so would not be in the interests of justice.
“As such, in the most serious of cases, drivers could expect to be fined one-and-a-half times their weekly salary. The current limit on fines imposed by the courts is £1,000 or £2,500 if the offence took place on the motorway.”
Data gathered by Stephensons last year showed that driving over the speed limit was the single most frequently flouted law across the UK and less than a third of people regretted the offence.
Loughlin continued: “The sentencing council has said that the increase in fines is to demonstrate the ‘seriousness of offending’. Aside from the financial implications, those who are caught speeding will likely face points on their license or – in some serious cases – a ban from driving.”
Scott Chesworth, operations director at vehicle tracking provider RAM Tracking, said: “Safety should always be a number one priority for businesses with fleets.
“The decision to significantly increase the penalty for drivers that exceed the speed limit sends a clear message that such behaviour is not acceptable.
“Whilst fines and other sanctions are an obvious deterrent to those intent on speeding, managers should still put procedures in place to tackle the problem.”
Education and technology can play a key role in changing driver behaviour. “By installing a vehicle tracking system for example, managers will be able to identify those workers who break the speed limit,” said Chesworth. “This will allow them to identify drivers that would benefit from further education and training.
“Fleet managers should also make sure that drivers are aware that speeding can have devastating consequences for themselves and other road users.”
The NTDA has reported that following its Executive Council meeting held in November 2016, the NTDA Executive Officers have formally agreed the following position statement:
“The NTDA advocates the drilling of side walls or the cutting of beads on tyres that have been removed from a vehicle and which the tyre technician/tyre retailer considers end of life as such actions represent an effective approach to ensuring such tyres are permanently removed from the part worn tyre marketplace. Furthermore, the NTDA acknowledges, that based on the individual business decisions of individual members, such actions have become standard practice and are now encouraged throughout our membership on the grounds of improved road safety.”
This announcement follows the NTDA Chief Executive’s recent call for a total ban on the sale of part worn tyres in the UK due to high levels of non-compliance, the current lack of enforcement or an appropriate audit scheme for part worn retailers and the appalling levels of unsafe tyres available to motorists.
Commenting on the statement Stefan Hay said: “Our members are tyre specialists, they replace millions of tyres every year and many have been damaging the end of life tyres they are removing from vehicles beyond repair for some time because they know, as experts, that those tyres do not belong back in the marketplace.”
He continued: “It has become clear, that this is now standard practice and the Association must stand by its members and formally support them in their efforts to remove these dangerous tyres from sale, I am therefore delighted, as are many members, that the Executive Officers have agreed this statement.”
The NTDA is now urging other professional tyre retailers who feel strongly about the dangers of part worn tyres to join the NTDA and work with the Association to campaign for a ban on the sale of part worn tyres in the UK.
Further to the article in the eBulletin Issue 766, the Department for Transport and the DVSA have finally issued the consultation document seeking views on whether the age a vehicle gets its first MOT should be increased from 3 to 4 years.
The options being proposed are:
• to keep the current period for vehicles requiring a first MOT at 3 years, with no change
• to increase the age all vehicles get their first MOT from 3 to 4 years
• to increase the age cars and motorcycles get their first MOT from 3 to 4 years, but keeping it at 3 years for vans in classes 4 and 7
This consultation has been expected for the last 18 months and the views we have gathered over this period would strongly suggest that the membership is in favour of keeping the status quo of 3:1:1. If you have any particular views please submit your comments to us using the link below.
The 12-week consultation period started on 22 January 2017.
To find out more about how the proposed changes will work and to give your views direct, CLICK HERE.
By mid-2017, government and industry body Go Ultra Low says more than 100,000 plug-in cars will be on UK roads.
This landmark prospect is fuelled by record electric car registrations in 2016, a year in which volumes rose 29% on the previous 12 months.
From January to December, motorists flocked to buy electric vehicles in record numbers, with 36,907 electric vehicles registed in the UK. As thousands of motorists switched-on to the cost saving and convenience of electric motoring, public and business appetite for plug-in hybrid and pure electric cars reached a new high.
An ever-increasing selection of electric cars is playing a key role in plug-in vehicle uptake surpassing record levels, Go Ultra Low suggests. Today, more than 35 plug-in models are available to UK motorists – four times the number on the market just five years ago – with yet more new versions set to be launched this year.
Poppy Welch, head of Go Ultra Low, said: “Year after year, we see record levels of electric vehicle registrations as more and more motorists realise the cost-saving and environmental benefits of driving a plug-in electric car. With ongoing government incentives and increasing product choice we expect this trend to contiue, boosting the number of electric cars on UK roads beyond 100,000 by mid-2017.”
Plug-in hybrid uptake was particularly strong in 2016 as annual registrations rose 41.9%, with in-demand models such as the BMW 330e, Volkswagen Golf GTE and Audi A3 Sportback e-tron among the most popular. Every quarter in 2016 produced a year-on-year improvement, while the accumulative registrations total for all electrically powered cars now rests at 87,158.