Cambria Automobiles could be trading as a private company by July 29 after a timeframe for the proposed management buy-out by chief executive Mark Lavery was decided this week.
Vertu Motors shareholders voted 32.4% against the remuneration and bonuses of the PLC’s leadership team in a show of dissent against the payments.
Vertu Motors PLC has upgraded its pre-tax profit forecast for 2020 to £28 to £30 million – above current market expectations.
Marshall Motor Group is issuing its 4,000 staff a one-off cash "loyalty" bonus and a backdated pay review after outperforming the market as it emerged from a COVID-hit 2020.
Dealers risk losing out on referrals from new customers who have discovered them online, according to consumer behaviour research from JudgeService.
Aston Martin is set to take a Swiss car dealer to court over allegations that it withheld customer payments for its flagship £2.5 million Valkyrie hypercar.
JCT600 has celebrated 75 years in business and estimates that it has sold more than one million vehicles since it was founded.
Cumbria sports car retailer Parker & Parker has completed the construction of its new £5 million Porsche Centre South Lakes dealership.
The TG Holdcroft car retail group completed its new headquarters and reported a 20.3% increase in pre-tax profits as COVID-19 pandemic caused car sales to falter in 2020.
Retirement home operator McCarthy Stone has renewed its appeal for car retail property as it looks to grow its existing portfolio of 1,300 retirement communities across the UK.
Vertu Motors has followed fellow AM100 car retail PLC Lookers in urging shareholders to stay away from their upcoming AGM after the stalled easing of COVID-19 lockdown measures.
Inchcape has revealed that its year-to-date financial performance has “exceeded expectations” in a brief trading update issued today (June 18).
The Motorpoint used car supermarket PLC aims to almost treble its revenues to £2 billion with a new “medium term” business strategy laid out in its 2020 annual financial results.
Sytner’s CarShop is set to follow in the tyre tracks of Trade Centre UK by developing a new used car supermarket on the site of a former Showcase Cinema.
Sytner Group has gained planning permission to expand its BMW dealership in Coventry despite objections from local residents about noise and vehicle emissions.
Cars2 has secured freehold ownership of its Bradford Hyundai dealership and funded a new Pure Cars premium used car showroom in Wakefield after refinancing its debt with Barclays.
Vertu Motors could be the latest AM100 car retail group PLC to face a backlash over bonus payments to its chief executive Robert Forrester.
Genesis Motor Europe’s home test drives and promise of multiple handovers to facilitate vehicle familiarisation is only being offered to customers in the UK’s South East – for now.
Constellation Automotive Group will expand the used car stocking and preparation capacity for BCA and cinch following the £80 million acquisition of Rockingham Motor Speedway.
Cambria Automobiles chief executive Mark Lavery has said that he looks forward to “capitalising on the growth opportunities ahead” after agreeing the terms of the group’s management buy-out (MBO).
