Articles by Tim Rose - Page 28

American motor retailer AutoNation has now joined the bidding war for Pendragon, with its own 32p per share pitch matching the revised offer proposed by its US rival Lithia.

A second pitch from Anders Hedin and Roger Penske's dealer groups to acquire Pendragon in its entirety has upped their offer from 28p per share to 32p per share.

The restructuring agreement announced by online car dealer Cazoo this week to “deleverage” its capital structure and further improve its “financial flexibility” won't yet smooth its investors' journey, and stakeholders should "buckle up" according to one expert.

Laura Brailey has been promoted to the position of sales director at Mazda UK in recognition of her 28 years’ experience and familiarity with Mazda UK and its dealer partners.

BDO partner Chris Bond has taken over from Steve Le Bas as its new head of motor retail in the UK.

At mid-September Cap HPI’s data showed the average value of a used car was down -1.1%, and its values experts are expecting the month-end drop to be another 2% overall, similarly to August’s outcome.

Dealer management system firm Pinewood will be focused on growth in the UK and USA once parent group Pendragon has sold its motor retail business to US-based Lithia and Driveway.

US-based Lithia Motors could be set to take over Pendragon's dealership and leasing businesses in a £250 million deal which would leave Pinewood, Pendragon's software division, behind as a standalone entity retaining Pendragon's stock market listing.

TC Harrison Group is investing in systems and training to help its workforce identify and support vulnerable customers in line with Financial Conduct Authority demands.

The European Commission is to investigate whether to impose punitive tariffs to protect European Union vehicle producers against cheaper Chinese electric vehicle (EV) imports.

The head of a franchised dealer group has blasted Halfords' latest 'Dealer or No Dealer' campaign as "nonsense", adding that "going cheap is often a false economy".

An Essex car dealer has been fined after admitting selling an unroadworthy Nissan Pathfinder described by magistrates as a 'death trap'.

Autovista Group, the owner of UK car values brand Glass's, has been acquired by the global automotive data and analytics firm JD Power.

Cycling and motoring chain Halfords is telling motorists they may be paying "over the odds for repairs" and they should use its services with no fear of affecting their car's manufacturer warranty.

Sohail Khan, a senior executive at a dealer group, has avoided being banned from driving because of the impact it would have on his ability to get across the north of England to his various dealerships.