Articles by Tim Rose - Page 27

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.

The Department for Transport (DfT) has officially announced the implementation of a Zero Emissions Vehicle (ZEV) mandate slated to take effect next year.

The 2023 AM Dealer Technology Guide has now been published in a digital magazine format, here., packed with information provided directly by the motor retail industry's technology suppliers.

The end of 39 years selling Toyota new cars as the Japanese brand restructures its retail network has left staff at Scottish car dealer group Struans "devastated and very disappointed".

UK motor retail executives have shared their tributes following the sad deaths of two automotive sector experts, Brian Hawkins and Dan Kirby, this month.