Cambria Automobiles has reported increased profitability in interim financial results revealing that the AM100 car retail group was performing 'ahead of expectations' prior to the COVID-19 lockdown.
Pendragon has claimed that it is “well-positioned” despite the end of merger talks with fellow AM100 car retail group Lookers which would have created the UK’s largest car retail group.
Inchcape has appointed former Fujitsu director Duncan Tait as its new Group CEO after the departure of Stefan Bomhard prompted “strong interest and a group of high-quality candidates”.
Pendragon founder Trevor Finn has suggested that he could be poised to make a return to the automotive sector almost 12 months after departing the former AM100-topping car retail group.
Marshall Motor Holdings has achieved a 12th-placed finish in the Super Large category of the annual Best Workplaces ranking presented by Great Place to Work.
Lookers will expand its internal fraud investigations to its entire business after initial findings from one of its operating divisions resulted in an expected one-off charge of over £4 million in its 2019 financial results.
Pendragon has appointed former Mercedes-Benz USA president and chief executive Dietmar Exler as a non-executive director.
Pendragon has announced that 20% of chief executive Bill Berman’s pay will be donated to the NHS as employees across the group were furloughed and took wage cuts during the COVID-19 coronavirus lockdown.
Marshall Motors and Vertu Motors bosses Daksh Gupta and Robert Forrester have recognised the efforts of their car retail workforce to support the NHS and other key workers during the coronavirus lockdown period.
Coronavirus-prompted car dealership closures resulting from Prime Minister Boris Johnson’s lock-down of non-essential retail businesses will see ‘80% of car dealership employees’ placed on Government salary support.
Business leaders from the car retail sector have been taking to email and social media to reassure their members of staff and customers of their actions amid the COVID-19 coronavirus outbreak.
Pendragon has revealed that it suffered a £117.4 million loss after tax in 2019 in an annual results statement that revealed the full impact of “significant H1 losses”.
Pendragon has appointed Scottish and Southern Energy (SSE) divisional director and former chief operating officer of Opus Energy, Nikki Flanders, as a non-executive director.
Marshall Motor Holdings reported revenues rose for a fifth year since its IPO, rising 4.1% to £2.28 billion in the AM100 car retailer group’s latest set of annual financial results.
Cambria Automobiles has claimed that a shift towards luxury car retail enabled it to maintain profits as manufacturers adjusted vehicle supplies to mitigate the impact of new EU CO2 emissions regulations.
Vertu Motors chief executive Robert Forrester suggested that the AM100 PLC will growth through the strong “pipeline of potential acquisition opportunities” in a trading update from the AM100 PLC.
Inchcape reported a 1.3% increase in turnover and a 256% increase in its profit before tax in its full-year financial results for 2019.
A whole range of issues were discussed by some of the industry’s biggest hitters, who pulled no punches about the challenges facing them as they go into 2020.
Group 1 Automotive boss Earl J. Hesterberg has said that the retail group had been able to overcome “serious challenges presented by Brexit uncertainty in the UK” in 2019 thanks to its “powerful US performance”.
Inchcape chief executive Stefan Bomhard has resigned his post with the car retail and import business to take up a position as the chief executive of Imperial Brands.
