News - Page 74
Executive View: Government's ICE ban shift now risks huge skills confusion
After UK prime minister Rishi Sunak suddenly eased off the 2030 deadline for final sales of petrol and diesel new cars last week to 2035, Steve Nash, chief executive of the Institute of the Motor Industry (IMI) shares an urgent warning about a fundamental risk to automotive aftermarket services in the coming years.
Debt restructuring "will do little to fix Cazoo's rickety engine"
The restructuring agreement announced by online car dealer Cazoo this week to “deleverage” its capital structure and further improve its “financial flexibility” won't yet smooth its investors' journey, and stakeholders should "buckle up" according to one expert.
Executive View: Unlocking global supply is key to faster electrification of the UK
Jordan Brompton, co-founder and chief marketing officer of myenergi, explains why supply chain challenges are holding the UK back in the transition to electrification, as well as the subsequent impact this has on dealer sales struggles.
USA's Lithia Motors to buy Pendragon in £250m deal to become UK's 2nd biggest dealer group
US-based Lithia Motors could be set to take over Pendragon's dealership and leasing businesses in a £250 million deal which would leave Pinewood, Pendragon's software division, behind as a standalone entity retaining Pendragon's stock market listing.