The London Stock Exchange has extended the deadline for Sweden-based Hedin Group to continue discussions and due diligence with Pendragon before it must decide whether to make a formal takeover bid for the major AM100 dealer group which trades under the Evans Halshaw and Stratstone brands.
Auto Trader has sold off its Webzone subsidiary, which trades as Carzone in the Republic of Ireland, for 30m euros (approx. £26m).
A new tax-efficient short subscription scheme for electric vehicles has been launched to target company employees.
Tottenham in London has been chosen as the site for the UK's first service and maintenance hub for the electric vehicle brand Volta Trucks.
Stellantis UK will adopt a contiguous market area-style network plan to streamline its franchised dealer relationships. The new approach is part of a wide reorganisation at Stellantis UK, including management team changes.
Nissan has launched its most premium model yet with a clear desire to capitalise on the surging interest in electric vehicles (EVs).
Used car supermarket chain Motorpoint has reported a 30% annual rise in half year revenues to £785 million thanks to a richer mix of bigger ticket vehicles and price inflation.
Registrations of new cars in the plate-change month of September reached 225,269 units; the 4.6% uplift marking the new car market's second successive month of year-on-year growth, SMMT data shows.
The pain of energy charges is being offset by the pleasure of stretching the legs of our Cupra Born electric car.
Dr Rebecca Harding, an advisor to the Council of the Society of Professional Economists and former chief economist of the British Bankers Association, will deliver a keynote presentation at Automotive Management Live next month to help guide motor retailers through the turbulent economic conditions.
More than a dozen new and innovative suppliers have signed up to exhibit at Automotive Management Live 2022, the annual exhibition at Birmingham's NEC for the UK's motor retail industry.
Tributes to Queen Elizabeth II for her lifelong support of, and interest in, the UK's automotive sector feature in the September 2022 issue of AM magazine, available to read here free in digital format.
An MOT tester who issued 31 MOT certificates without testing the cars while working at Halfords Autocentre has received a suspended jail sentence.
AM is hosting a webinar for law firm Freeths this Thursday to give UK motor retailers insights into how they must prepare for the Consumer Duty, the new regime from the Financial Conduct Authority.
