The deadline for the takeover of Cambria Automobiles by chief executive Mark Lavery has been extended by a week after shareholders held-back from accepting the terms of his £82.5 million offer.
SMMT chief executive Mike Hawes has said that OEMs were doing “all they can” to deliver new cars to customers after the UK suffered its worst August sales performance since 2013.
Shortages of key components including semiconductor microchips have prompted Jaguar Land Rover (JLR) and Mercedes-Benz to warn fleet customers of lengthy lead times and vehicle specification changes.
A call for “more context” has been issued after Harratts, Marshall Motor Group and Vertu Motors appeared in the HMRC’s ‘name and shame’ list of businesses who failed to pay the National Minimum Wage.
Ben has been forced to postpone its Industry Leader Challenge to climb Mount Kilimanjaro due to COVID-19 travel restrictions in Tanzania.
Record used car prices are not deterring new car buyers from switching into a used alternative to avoid the lengthy lead times triggered by supply shortages, according to Auto Trader.
Former CarShop chief executive and Sytner Group board member Jonathan Dunkley has been appointed as senior strategic advisor at online car retailer Cazoo.
Vertu Motors has embarked on a £3 million share buyback programme and is set to resume dividend payments after upgrading its 2021 profit expectations to £50m to £55m.
A car thief has been jailed after colliding a BMW into a motorcyclist then threatening to “shank” a car salesman as he stole a Range Rover during two test drive incidents in the space of an hour.
Toyota has revealed that it plans to cut its global vehicle production by 40% because of the impact of COVID-triggered semiconductor shortages.
Cambria Automobiles chief executive Mark Lavery has dismissed angry US-based shareholders’ allegations that his £82.5 million takeover bid for the car retail PLC is akin to “stealing”.
Bristol Street Motors Banbury Hyundai business manager Shahzad Yousaf has helped raise more than £150,000 by completing a four-day charity bike ride.
Registration has officially opened for the Automotive Management (AM) Live 2021 car retail expo.
Car buyers heading into showrooms this September will be able to achieve discounts of up to 20% on a new car despite stock shortages resulting from the global semiconductor production crisis.
A former Stoneacre Motor Group car salesman whose racist social media rant about Home Secretary Priti Patel went viral has been jailed for 10 weeks.
