Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.
Former Mackie Motors managing director Kevin Mackie has won the right to appeal a ‘seismic’ High Court Judgment which could pave the way for an end to a seven-day termination period for franchised car retailers.
Snows Motor Group is celebrating record financial results in its 60th anniversary year after more than doubling its return on sales and growing pre-tax profits by 183% in 2021.
Vertu Motors has added its first Ferrari supercar and Volvo dealerships to its car retail portfolio through the £117 million acquisition of Helston Garages.
Sandicliffe Group MG dealership staff were left “shocked” but unhurt after a Citroen MPV crashed through the glass front of its newly-refurbished showroom.
FJ Chalke has handed its workforce a total of up to £3,600 in cost-of-living payments as part of a profit-share scheme designed to ease the burden of inflation of its staff.
JCT600 chief executive John Tordoff has set himself the challenge of trekking to Everest base camp after emergency surgery forced him to miss Ben’s charity climb to the summit of Mount Kilimanjaro.
Warnings of the longest recession on record could signal further market disruption that will turbocharge the motor retail sector’s mergers and acquisitions (M&A) outlook.
LSH Auto customers in Stockport were stunned when they came face to face with football royalty turned I’m A Celebrity… Get Me Out of Here! jungle queen Jill Scott at a festive dealership event.
Police have arrested two men after Marshall Motor Group’s Hyundai dealership in Worcester was targeted in two burglaries in the space of 24 hours.
Arnold Clark will add its first new franchise car retail partner since it exited the Ford and Toyota networks when it becomes Scotland’s sole BYD electric vehicle (EV) retailer next year.
Hendy Group ramps-up the luxury of its franchise portfolio with the opening of a Maserati car dealership in Poole today (December 1).
Arnold Clark’s bid to acquire Yorkshire based franchised car retailer Car2 has ended after the two businesses were unable to strike a deal.
Roadside Garages Kia has been named the National Garage Star in The Motor Ombudsman’s 2022 Star Awards as fellow car retailers Glyn Hopkin, Hayselden and Listers all claimed regional awards.
Yeomans Group has completed the acquisition of 11 Audi, Volkswagen, VW Commercial Vehicles and Skoda franchised car dealerships from Helston Garages for an undisclosed sum.
Lookers’ Charles Hurst car retail division has struck an agreement with sports car maker Lotus Cars to develop its only dealership in Northern Ireland.
Luxury and supercar retail group HR Owen claims to have introduced new technology which streamlines its online customer journey to make it “more geared towards their curiosities and desires than ever before.”
Car retail group leaders from JCT600 and Marshall Motor Group have successfully completed their trek up Africa’s Mount Kilimanjaro in aid of the automotive charity Ben.
Inchcape chief financial officer Gijsbert de Zoeten will stand down with immediate effect over issues with his “personal behaviour” at a recent event.
Franchisees from Stellantis’ UK dealership networks have told AM of their support of the car manufacturing giant’s plan to delay the roll-out of its agency model agreements by six months.
