Quicks has revealed that it is in talks with a prospective buyer, as details of a share offer leak out. It has released the following statement.
Following extensive discussions, Land Rover and KPMG, the receivers of UPF (UK) Limited, have today reached an agreement which will safeguard jobs and guarantees the supply of chassis for the Discovery model.
Pendragon, the UK's largest dealer group, enjoyed one of its most successful years in 2001, posting pre-tax profits of £30.6m, compared to £4.1m in 2000. Turnover increased 5% to £1.7bn.
Each month Grant Thornton Motor Retail plots the movement in share price of the 15 quoted motor retail distributors, and compare the 12-month trend to the change in the FTSE All Share index and the 'Motor Distributors Index', which is in effect the average performance of the 15 share prices. These latter two indices are based on monthly trends in movement, and do not cover their true price (the FTSE All Share trades around 2,600 which simply will not fit on the graph axes).<p>
Companies which won gold, silver and bronze trophies in the Automotive Management Awards 2002 were honoured at the Birmingham ICC last night.
UnitedAuto Group, the £4bn turnover US motor retailer, has agreed to pay £94.3m for Sytner Group, the UK's 18th biggest dealer business with annual sales topping £500m.
Land Rover is finalising a settlement with receivers KPMG that will see it taking effective control of the collapsed components supplier UPF-Thompson.
Sytner Group has renamed its Stonelake Land Rover dealership in Wakefield Guy Salmon, the name synonymous with the marque.
Harratts will open a £2m Volvo showroom in Bradford next month, a city it believes is set for massive investment.
E-trading in the motor industry has been given a boost by this week's European Commission announcement on revised block exemption, according to Epyx.
Virgin Cars believes the changes to the rules regarding the distribution and sale of new cars is good news for the British consumer and will herald cheaper cars and after-sales servicing.
Fred Maguire, Lookers executive chairman, has welcomed the European Commission's draft proposals for car retailing.
The European Commission said today it wanted to create a better deal for car buyers throughout the EU by increasing sales competition.
Sytner Group was today in talks with a company interested in making a take-over bid. The £532m turnover group is the UK's largest dealer group in terms of sales.
Crash International, the Dutch-based exhibitions organiser, has been forced to drop plans to launch two bodyshop events in the UK this year blaming “economic uncertainty” after the September 11 US attacks.
PPG Industries UK is investing several hundred thousand pounds rebranding its ICI Autocolor refinish division.aaa
Mazda Motors Europe has denied an <i>Automotive Management</i> article that claimed it had ditched plans to launch a successor to the 323 after pulling out of a joint platform venture with Ford and Volvo.
Camden Motors has completed a deal with communications experts Q.bit Systems to install a new customer contact centre at its Allen Ford outlet in Romford, London.
Direct Car Finance is embarking on a £20m advertising and marketing campaign to be headed by new group marketing director Pat Farrell, as it seeks to boost sales by 30%.
Car importers are under threat from a strengthening euro, which is making prices of cars sourced in mainland Europe more expensive, according to internet retailer Showroom4cars.com.
Renault has confirmed plans to limit sales of the luxury-class Vel Satis and Avantime to 35 dealers in the UK which meet its required standards of customer care.
Dealers have been urged to embrace independent training to complement courses offered by manufacturers.
The Berkshire-based leisure group Gowrings plc runs a number of Burger King outlets besides Ford dealerships in Wokingham, Newbury and Bracknell.
The internet is set to play a vital role in Fiat UK's campaign to try to ensure the success of the Stilo, which goes on UK sale this month.
Used car retailers have access to a wider customer base after internet search engine Lycos UK launched a stock locator and valuation guide on its motoring channel.
Auto Trader is to exploit the popularity of its website to compile data on car buyers which it will make available to dealers and manufacturers through its Trend Report 2002, due to be published in August.
B2b online vehicle sourcing outfit Ecom Auto Auctions has launched Ecom Direct, a timed auction service.
The Home Office has revealed a range of new measures under the Vehicles (Crime) Act 2001 in a bid to stamp out car clocking and make it tougher for thieves to sell parts from stolen cars.
The AA intends to focus more on used car sales than new after launching its Buyacar internet and phone car buying service. It believes there is a gap in the market for an online used car business.
