Lookers has ‘unanimously rejected’ the 725 pence per share offer which Pendragon announced yesterday.
The head of the union which represented MG Rover’s workers has stood by the Government’s decision to intervene in the survival of MG Rover last year, which has cost the UK taxpayer a total of £250 million.
Chrysler is looking at ways of better supporting its London dealers following the collapse of Capital Chrysler last year.
The revised franchise and operational standards introduced by General Motors last year give Vauxhall retailers an ideal opportunity to dual-franchise with sister brands Saab or Chevrolet, according to Vauxhall chairman and GME vice president sales and marketing Jonathan Browning.
Brand centre Audi Cardiff has got off to a flying start since opening its doors on January 23.
Jardine Motors Group has strengthened its presence with Bentley in the south east after opening a £1.2m dealership at Sevenoaks, Kent.
A new company is set to launch into the remarketing arena and is aiming for a large slice of the 1.4 million cars disposed of every year by carmakers.
Volkswagen has agreed to sell Europcar to Eurazeo, the French investment group for €3.32bn (£2.3bn).
BMW profits stalled last year even as it set a sales record and surpassed rival Mercedes as the biggest selling luxury carmaker in the world.
Toyota has marked its two-millionth new car sale in the UK this month.
Andrew Mathis, sales manager of Westover Škoda in Corfe Mullen, Dorset, came top of 120 of the Škoda network’s UK sales executives during its recent product training course for the Octavia vRS.
AM would like to thank its generous guests who attended the AM Awards dinner last month and raised £14,627 for the motor industry charity BEN.
Nanjing Automobile Corporation (UK) is serious about the future of MG Rover and Longbridge and has even discussed strategies for the dealer network, according to MG Rover dealer council chairman, Richard Cort.
The price of the average one-year-old prestige brand Sports Utility Vehicle (SUV) is seven per cent lower than at the same point 12-months ago, equivalent to a £2,500 fall in the typical asking price.
Vauxhall is planning to trim its volume with daily rental fleets by 25,000 units this year in a bid to build better residual values.
The number of employees driving for business while uninsured or medically unfit has reached epidemic proportions, way above official statistics.
Results from sales around the UK.
Hamish McCowan has been promoted to aftersales director of Kia Motors (UK) Limited, reflecting the growth in the company’s parts and aftersales business.
All the glitz and the glamour of the show in pictures.
Pendragon has set out its final terms for its interest in rival dealer group Lookers, a day before its deadline.
Ford has given its Ranger pick up a makeover in time for its September launch this year.
Bentley Newcastle has appointed Neil Metcalf, 41, to lead the dealership’s 10-strong aftersales team.
Europe’s funkiest car maker got just about everything right when it launched the Ibiza. And as a result, it’s had a popular small car on its hands; one that’s desirable without being unaffordable.
The light commercials market has seen some of the most spectacular growth in the automotive sector in recent years.
Pendragon has almost acquired the entire share capital of Reg Vardy, with 54,048,037 valid acceptances for its mandatory offer of 900p per share, which represents 96.1% of the company.
The MG Rover Task Force, set-up by the Government to help staff affected by the closure of Britain’s last major manufacturer, has come to an end.
The Automotive Academy and Ford has teamed up in the UK to share best practices around quality and productivity-improvements for manufacturing and assembly plants.
The former directors of MG Rover have missed a third deadline for filing the car manufacturer’s 2004 accounts, amplifying fears about what is holding up the figures.
Tickets for this year’s British International Motor Show in London will be priced from £8, the lowest price in 14 years.
