People and Business: Second thoughts

YESTERDAY AT midday we received a fax from Mitsubishi Motors saying that Stephen Dixon was stepping aside as managing director of Colt Car Company, the UK distributor for Mitsubishi cars, after four years with the company.

Then four hours later we received another fax from Mitsubishi, saying that Mr Dixon "would like to thank all those who had helped and supported him during his time with the company". It added that Colt had hoped to extend his contract for a further period but"satisfactory terms could not be agreed."

Evidence of a bust up? Not at all, said Colt: "We just couldn't get hold of Mr Dixon for a quote when we sent the first fax out."

E-mail: j.willcock@independent.co.uk