For all the pitches, car sales could skid off course if the UK economy continues to bump along the border of recession and knocks consumer confidence, which hit a 12-month high in January in terms of people’s expectations about making a big purchase. Already, Britons are stretching their average car ownership to four-and-a-half years from three-and-a-half years, according to Auto Trader.
“If the UK falls back into recession, the doom and gloom surrounding that could really put a spanner in the works,” motor dealer Jarvis said.
- Carmakers pin hopes on Europe’s UK bright spot, Reuters, February 19, 2013.
3. One of the world’s biggest PC makers is reported to be pouring over BlackBerry's books, having signed a non-disclosure deal agreement with the ailing company to view its accounts, reports Wall Street Journal.
This is the latest twist in the BlackBerry sale story - it emerged last week that its co-founders too are mulling over a buyout of the company shares they don’t already own, potentially putting a spanner in the works of the proposed buyout by Canadian Insurance company Fairfax Financial.
Lenovo could make good use of BlackBerry’s mobile patents, manufacturing and other assets, considering the PC company is currently ramping up its smartphone unit.
The rumored takeover seems to be an increasing sign of the new economic power of Asian companies, snapping up struggling western companies.
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