News - Page 72
Car dealer Lookers set to be delisted from London Stock Exchange
The AM100 dealer group Lookers is set to be delisted from the London Stock Exchange next week in accordance with its takeover by Global Auto Holdings, a bidding vehicle and sister business to Canada's Alpha Auto Group.
Motorpoint fights to stem losses, £1m cost of redundancies
Motorpoint has been cutting jobs, reducing stock purchase costs and halting its expansion plans as it fights to stem financial losses which the national car supermarket chain blames on difficult macroeconomic conditions.
Lithia adds an extra £117 million to its Pendragon acquisition offer
America's Lithia Motors has increased its acquisition offer for Pendragon by 42%, another £117 million, taking the amount being offered for all its Stratstone, Evans Halshaw, Carstore and PVM motor businesses up to £367 million.