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Markerstudy is ready for more deals as it moves through 2021 according to underwriting director, Gary Humphreys who spoke to
Insurance Age following the news of its Brightside buy.
He commented: “We always liked the business. It’s got an interesting distribution we don’t currently have access to and 40% of the business is also through SME channels which is an area we’re looking to grow in.
“So, it’s always been seen as something quite complimentary to what we already do.
“Missing out all
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Honda Motor launches new Honda City 2021
07 Mar 2021 - 8:47
The Peninsula
Doha: Honda Motor Company announced the All New City 2021 for the GCC, Jordan and Egypt at a Virtual Launch Event held on their YouTube channel yesterday and the respective social media channels of the country wise distributors. The All-New 5th Generation Honda City is the longest and the widest sedan in its segment and has exceeded the benchmark with its premium design, technological prowess, unmatched comfort, advanced safety, with class leading fuel economy, rear a/c vents and advanced connectivity.
The Grand Concept of the All New City 2021 is based on ’Ambitious Sedan’ giving ambitious people seeking better living confidence to upgrade their lives. All New City is based on Our Grand Concept which is supported by the City’s core values of Smart Style and Outstanding interior space. To this the value of ‘Strong’ was added based on the demand in the Middle East. The All New 2021 City is an a
SsangYong reorganization stalls as main lender locks horns with new investor
Posted : 2021-03-07 14:56
By Lee Min-hyung
Cash-strapped SsangYong Motor s reorganization plan is making little progress as main creditor Korea Development Bank (KDB) locks horns with the automaker s new investor, HAAH Automotive.
The U.S.-based vehicle distributor is known to have presented a plan to provide $250 million (282 billion won) financial aid for SsangYong s possible revival under the precondition that KDB offers a similar amount of financial support.
HAAH Automotive projected that SsangYong would incur losses of around 500 billion won to 600 billion won over the next two years before the investor completes legal and regulatory preparations for the sale of SsangYong vehicles in the U.S.
Hardly the best good news story on
just-auto this week, but our report Tata-owned Jaguar Land Rover (JLR) was planning to reduce its manufacturing capacity by a quarter over a five-year period to 2027, as part of its latest strategic plan under new CEO Thierry Bollore, was the most-read article. I m not surprised. We re UK-based and I hold there is a lot of underlying industry and public support for home team players (and big local employers) like JLR, and its domestic manufacturing rivals, especially as we strike out anew into uncharted post-Brexit waters after years yoked to the EU. The premium carmaker also said in a presentation to investors it had reduced its breakeven point from c.600,000 units pa to c.400,000 units, helped by some GBP6bn of cash and profit improvements under project charge . And there was even some good news: the automaker also reported an encouraging turnaround in China, despite COVID-19, and said there had been a significant improvement in business
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