Articles by Tim Rose - Page 25

The Financial Conduct Authority has reiterated that all business leaders need to exercise sound judgement and set an example as it announced it has decided to fine former Barclays chief executive James Staley £1.8 million for "misleading statements".

HR Owen has held its second fund raising shoot with customers and friends for the children's charity Chain Of Hope and raised £50,000 to support critically ill youngsters around the globe.

An inquest was opened this week into the sudden death of Dan Kirby, founder of Trade Price Cars in Wickford, Essex and co-founder of brokerage Octane Finance who died from hanging.

Tom Brennan has been appointed UK country manager for National Vehicle Distribution, a logistics firm serving carmakers and dealer groups with vehicle deliveries and preparation.

Reports suggest that America's AutoNation car dealer group is considering increasing its bid for Pendragon to snatch it from rival Lithia Motors.

The AM100 dealer group Lookers is set to be delisted from the London Stock Exchange next week in accordance with its takeover by Global Auto Holdings, a bidding vehicle and sister business to Canada's Alpha Auto Group.

A burglar who raided Holdcroft Motor Group dealerships on two separate occasions has appeared before the judge at Stoke-On-Trent Crown Court.

Motorpoint has been cutting jobs, reducing stock purchase costs and halting its expansion plans as it fights to stem financial losses which the national car supermarket chain blames on difficult macroeconomic conditions.

One of the potential suitors of Pendragon, the UK car dealer group at the centre of takeover talks with several prospective buyers, has publicly backed out.

With affordable models such as this Swace hybrid, Suzuki GB is in a good place as it gets cracking on the final quarter of the year.

Vertu Motors sold more than 95,000 new and used vehicles in the six months to August 31 2023 - an 11% uplift.

Omoda, the Chinese car brand starting new car sales in the UK in 2024, has hired Matthew Banks as its dealer network development manager for the UK.

America's Lithia Motors has increased its acquisition offer for Pendragon by 42%, another £117 million, taking the amount being offered for all its Stratstone, Evans Halshaw, Carstore and PVM motor businesses up to £367 million.

Administrators called in to vehicle transporter firm Glasgow Car Movers have sadly made all the company's 25 staff redundant.

A director of an AM100 dealer group has branded the UK Government’s zero emissions vehicle strategy “a bloody shambles” after targets were reaffirmed by the Department for Transport yesterday.