The London Stock Exchange has extended the deadline for Sweden-based Hedin Group to continue discussions and due diligence with Pendragon before it must decide whether to make a formal takeover bid for the major AM100 dealer group which trades under the Evans Halshaw and Stratstone brands.
Auto Trader has sold off its Webzone subsidiary, which trades as Carzone in the Republic of Ireland, for 30m euros (approx. £26m).
Picador, the Hampshire dealer group which has retailed Vauxhalls for almost 60 years, has been sold to Snows Group.
Automotive advisory and benchmarking firm ASE has sold its professional services division to Armstrong Watson, and ASE's motor retail taxation expert Michelle Malone will now head Armstrong Watson's automotive team.
Inchcape has taken over Bentley Motor Group's Toyota and Citroen sites in Warrington, adding 70 people to the AM100 group's workforce.
CitNOW Group is expanding its international portfolio with the acquisition of multi-channel messaging software platform, Web1on1.
Brothers Glen and Thomas Obee have been awarded a new Strategic Success Award at the 2022 AM Awards in recognition of their work to grow Motorline, the AM100 dealer group which they sold to Marshall Motor Holdings in 2021.
AM100 dealer group Brayleys is set to climb up the rankings from its current 89th position with its acquisition of Orpington Honda from Lookers.
Taxi and van manufacturer LEVC has appointed a new dealer for the Greater Manchester region.
Inchape is pulling out of the Russian market as a result of the ongoing conflict in Ukraine.
Constellation Automotive’s private equity fund owner TDR Capital is set to dispose of its LeasePlan vehicle leasing business after securing a €4.9 billion (£4.1bn) sale.
Marshall Motor Holdings has confirmed its largest shareholder, Marshall of Cambridge, is considering the sale of its 64.4% stake in the AM100 motor retailer.
Swedish motor retailer Anders Hedin has increased his stake in the UK's top 10 AM100 group Pendragon to just over 25% of voting rights.
Top 10 AM100 motor retailer Marshall Motor Holdings has secured a £64.5 million takeover of 48-site Motorline Holdings from the Obee family.
CitNOW has expanded its international portfolio with the addition of two automotive software providers, Quik and Reef Business Systems.
Lloyd Motor Group has bought Inchcape's Jaguar Land Rover business in York, expanding its geographic footprint further into Yorkshire.
Stoneacre Motor Group has increased its Toyota, Lexus and Renault/Dacia representation with its takeover of RMB Motor Group in the North East of England.
Pendragon has completed the £16.3 million sale of its Hornburg Jaguar Land Rover (JLR) premium car dealership in Los Angeles, California.
Cazoo is set to acquire Drover, the UK's best-known car subscription platform, in a step set to boost Cazoo's growth in the UK and into Europe.
Pendragon has agreed to sell another of its Jaguar Land Rover dealerships in a £11.8 million deal.
