Rover signs up for traffic system
Wednesday 03 September 1997
Speaking as Trafficmaster reported half-year losses more than halved and said it would break into profit this year after signing three contracts since April worth pounds 30m, Bill McIntosh, finance director said he could not comment on the identity of partners, but hoped to announce "a couple" of new tie-ups before the year-end. "Timing depends on our customers. But we are talking to all the major car makers," he said.
A deal with Rover would be Trafficmaster's third with a car manufacturer. Vauxhall, which already fits Oracle in all its new Vectra cars, has agreed to a new two-year agreement worth pounds 12.5m to buy 150,000 units a year. Vauxhall will also fit the Oracle system, which beams local traffic information through the car radio, as standard in its Omega model.
Mr McIntosh said the Vauxhall and cellular phone contracts alone should deliver 170,000 units in the second half of 1997. Analysts predict full- year profits of up to pounds 700,000 compared with losses of pounds 594,000 in the six months to June on sales more than doubled to pounds 2.88m.
- 1 Michelle Rodriguez: Fast & Furious actor apologises after telling 'minorities' to stop taking on 'white' roles
- 2 Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face the death penalty
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 Robert Mugabe eats a zoo for 'obscene' 91st birthday party
- 5 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
Michelle Rodriguez: Fast & Furious actor apologises after telling 'minorities' to stop taking on 'white' roles
Boris Nemtsov shot dead: Putin critic may have been murdered by Islamic extremists, says president-led committee
British are sexually uptight, dirty and drink too much – according to Spanish book
Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face the death penalty
PornHub turns masturbation into energy in bid to save the planet
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
Russia's roadmap for annexing eastern Ukraine 'leaked from Vladimir Putin's office'
iJobs Money & Business
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...
£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...
£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...
£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...