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RAC Limited (The RAC) is a British automotive services company headquartered in Walsall, West Midlands. Its principal services are roadside assistance and general insurance, and its subsidiaries include RAC Motoring Services Ltd, RAC Financial Services Ltd and RAC Insurance Limited.
When RAC Motoring Services was sold in 1999 the foundation was granted a legacy and was subsequently established as a charity to research and promote issues of safety, mobility, economics and the environment related to motoring. [7] In September 1999 members sold RAC Motoring Services to Lex Service plc, who renamed themselves RAC plc in 2002
Through mergers, a company called Lex Vehicle Leasing emerged. By 2005, it was owned by Aviva as part of their RAC plc company. [5] [6] From 2006 to 2009, it was owned by HBOS. [7] Following the acquisition of HBOS by Lloyds TSB Group, which had owned Autolease since 2000, the new Lloyds Banking Group merged the two operations into the new Lex ...
Aviva plc is a British multinational insurance company headquartered in London, England. It has about 19 million customers across its core markets of the United Kingdom, Ireland and Canada. It has about 19 million customers across its core markets of the United Kingdom, Ireland and Canada.
The RAC Auto Windscreens business was included as part of the deal to buy RAC plc by the global insurance group Aviva in March 2005. [ 6 ] In December 2008, as their first acquisition in the United Kingdom, the business was purchased from Aviva by the German private equity company Arques Industries AG, a business restructuring and development ...
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Canadian Automobile Sport Clubs (CASC) was the national governing body for auto racing in Canada from 1958 to 1988.. Its origins stretched back to 1951, when three independent car clubs met in Kingston, Ontario to found the Canadian Auto Sport Committee (CASC).
His most notable achievement at Lex was the acquisition of the RAC in 1999 for £425m, [1] which completely changed the nature of the company and led to its change of name in 2001 to RAC plc. In 1989 he initiated the Lex Report on Motoring (now the RAC Report on Motoring), the most authoritative study of motorists' attitudes in Britain.