The Review ➔ The return of the company car
GE CAPITAL Fleet Services' latest research shows that the company car is coming back into favour. According to its latest quarterly research, the humble company car continues on a path that has seen it regain its once all-important status among businesses now that we have apparently cleared the recession. Its research shows that the importance of the company car is now rated 8.7 out of ten for company car users, compared to 8.0 in 2010 and 7.2 in 2009. Before the recession, in the third quarter of 2007, the response was 9.7. During the survey, 45 per cent of
the 250 fleet decision makers surveyed gave a maximum score of 10, and 85 per cent a rating of 8.0 or above. Commercial director for GE Capital, Fleet Services UK, Gary Killeen explained the 'perceived importance' question as how
employers viewed the company car as a business tool and a benefit to employees. He says, “Since the technical
end of the recession, company cars have become more important to UK employers and their employees. We believe this is
partly a recognition that the company car remains the best business transport solution at a time when costs are still being scrutinised, but also because employees value the company car as a part of their remuneration package in this economic climate.“
ON THE GROUND
VIRGIN TRAINS FAST TRACKS NEW PENDOLINO
VIRGIN Trains has launched a new 125-mph Pendolino train, built by Alstom and leased from Angel Trains. The 439-seat train will be
used to boost capacity of the busy West Coast Main Line, where passenger numbers have doubled to over 28 million in the past six years, making it the fastest growing rail franchise in the UK. The new train adds extra
seats on the busy Birmingham- Scotland and London-Glasgow routes. Its use on the West Coast Main Line is a result of close co-operation between Virgin Trains and the Depart- ment for Transport as part of a wider expansion plan.
The perfect venue for corporate events with a variety of comfortable suites for any occasion. All this set in 165 beautiful acres by the River Thames in Windsor.
Meetings • Corporate Events • Team Building
Royal Windsor Racecourse, Maidenhead Road, Windsor, Berkshire, SL4 5JJ e.
8@windsor-racecourse.co.uk t. 01753 498 585 f. 01753 621 662 w.
www.windsor-racecourse.co.uk/8
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