The founder of former used car buying business Sell Your Car With Us has been banned from holding a directorship for nine years after conning 48 customers out of over £750,000.
Cambria Automobiles’ £82.5 million takeover by the car retail group’s chief executive Mark Lavery has now exceeded the required 75% acceptance rate needed to succeed.
Lexus UK has cemented its position as UK car retailer’s favourite franchise in the National Franchised Dealers Association’s (NFDA) latest dealer attitude survey.
MotoNovo Finance managing director Karl Werner to play “active part” in promoting diversity after joining the Automotive 30% Club.
Lookers chief executive Mark Raban has said that the AM100 PLC’s ability to repay its furlough support grants to the Government has made him “very happy”.
The impact of car supply shortages has been blamed for a 20% decline in the volume of new business in consumer car finance in July.
Car retailers enjoyed a 364% year-on-year increase in profits during July as appreciating used car values boosted the sector, according to ASE.
Lookers has vowed to repay £4.1 million in Government furlough support after reporting record H1 financial results and completing the appointment of a new chairman and chief financial officer.
Toyota car retailer Lindop Brothers has expressed concerns that planning officials rejection of its dealership expansion plans could jeopardise its franchise agreement with the Japanese brand.
Hyundai has revealed its plans for a high-performance fuel cell sports car as part of a “hydrogen for everyone” strategy as part of plans to be zero emission by 2035.
Performance electric vehicle (EV) brand Polestar has revealed plans to grow its global presence from nine to 30 markets by the end of 2022.
Cox Automotive has warned that car dealers across the UK will have to compromise on their usual stock demands in order to fill their forecourts in a sector now “starved of stock”.
Dacia is set to offer the new car market’s cheapest seven-seat vehicle when its Jogger SUV arrives in UK showrooms early next year.
UHY Hacker Young has announced the expansion of its automotive team with the appointment of experienced ex-ASE partner Ian McMahon.
SsangYong Motors UK has welcomed PJ Nicholls as the latest addition to its growing franchised car dealer network.
