News

The Joint Administrators of automotive parts manufacturer and distributor Quinton Hazell Automotive Limited (“QH”) and its parent company Klarius Group have announced 117 redundancies at the QH Glasson Dock site in Lancaster and 79 redundancies at the QH Colwyn Bay site in North Wales today. Both sites have ceased to operate.

The QH business has been sold to Tetrosyl following the administration of Klarius Group yesterday, while a new Klarius emissions business is taking up the reigns at the Cheadle.

As widely expected for the last two weeks, it has been confirmed that Klarius Group today entered into administration. There is no further information at the moment, but a statement from Klarius/KPMG is expected soon.

"Sogefi Group, Europe’s leading OE and Aftermarket filter manufacturer, is announcing the sale of the Crosland Filters brand to Euro Car Parts."

As much as £1.2 billion of last year's designated transport funding from the Department for Transport (DFT) is being spent by local authorities without any oversight, a report from the Public Accounts Committee (PAC) says.

As Britain continues to struggle to get out of a double-dip recession, an increasing number of finance directors are being faced with the same dilemma. A key customer keeps asking for extra time to pay its outstanding invoices. Here's how to protect yourself against the zombie businesses.

Sogefi has extended its 25-year contract with Groupauto, securing another three-year term as preferred supplier in the UK and Ireland. Sogefi says the renewal shows a confidence in the "quality, scope and value" it offers.

David Cameron has promised to hold a referendum in the UK to decide if Britain will remain part of the EU. The referendum will come in the early part of the next parliament if the Conservatives win the next election.