Liverpool City Council is taking part in a trial of hybrid-powered LCVs, with the vehicles – Ashwoods Hybrid Transit vans – supplied by Hitachi Capital Vehicle Solutions on a contract hire basis. The vans have been fitted with hybrid converters provided by low-emission technology company Ashwoods, which use a system similar to a Kinetic Energy Recovery System (KERS), as seen in Formula 1, to recover the energy normally wasted through braking and deceleration to charge the battery, Hitachi Capital said.
A new trade association has been established in order to represent the UK remarketing industry, which turns over £9 billion (10 billion) each year. The Vehicle Remarketing Association (VRA) is a not for profit association, set up by senior members of the remarketing industry, both inventory owners and service providers. Its inaugural chairman is John Davies, currently a non-executive director of Autologic, who spent seven years as MD of Lloyds TSB Asset Finance.
Roger Partridge, CEO since 2003, is to move away from day-to-day executive involvement with the fleet management and leasing company, while David Bird, formerly Leasedrive Velo’s chief operating officer, will become managing director
The post of managing director at Toyota Financial Services (TFS) UK plc has been filled, with Doug Gillies, former operations director at the captive, stepping into the role vacated by David Betteley upon his retirement in October Gillies, who took up the post as of November 1, has a long history at the captive, having first joined when it was still a joint venture between Toyota Finance and Lloyds Bowmaker; he was part of the original Toyota Financial Services team when the captive was set up in 1998
International fleet management and leasing company LeasePlan has announced that its results for the first half of 2009 show that its portfolio size remained “stable” over the period, while continuing operations delivered a “solid” net profit of 61 million. Compared with the same period in 2008, however, its H1 2009 net profit of 61 million represents a significant fall against H1 2008’s equivalent figure of 112 million