Jaguar Land Rover (JLR) has announced a major £500 million investment to transform its historic Halewood plant into a state-of-the-art facility capable of producing electric vehicles (EVs) alongside traditional combustion and hybrid models.
Start-up Jigcar has completed a £750,000 pre-seed funding round.
Dalkeith Retail Centre is expanding its footprint into Dundee thanks to a £3 million investment package.
The Carwow Group – which includes the Carwow online marketplace, Auto Express, evo, Driving Electric and Carbuyer – has raised £41 million in new funding to accelerate its growth across the UK, Germany and Spain.
The UK has the potential to become a leader in the electrification of supercar production if it can attract investment into its domestic supply chain, according to McLaren Automotive CEO Michael Leiters.
The Society of Motor Manufacturers and Traders (SMMT) is urging the next government to collaborate closely with the automotive industry to unlock its full potential, projecting a £50 billion growth opportunity over the next decade.
TrustFord has officially opened its latest dealerships in Glasgow and Aberdeen.
Lancashire’s Bowker Motor Group is making a £1 million investment in electric vehicle charging infrastructure and 50 new 22 kw and 50 kw charging points.
Investors looking to diversify portfolios are increasingly turning to money-making niche assets with car dealerships top of the list
Investor appetite for car dealership property is accelerating with transaction activity already ahead of 2023
Motorvogue Group is to open a new Hyundai showroom in Dunstable on April 15.
Family-owned Ron Brooks Motor Group has been appointed the Suzuki sales and service franchise for the Derby and Burton area.
Automotive fintech Bumper has raised a further £2 through Suzuki Global Ventures and Marubeni Ventures investing to accelerate its scaled growth across Europe
Pinewood is poised to wrest market share from industry rivals operating in the UK’s £100 million dealership management system (DMS) market
Mike Allen, former automotive analyst and now MD of Cambria Private Capital, shares views on technology playing a crucial role in connecting the buyer to the dealer
Motor dealers are still looking to invest in their forecourts this year despite economic uncertainty, rising costs and business challenges
Cambria Investment Holdings has recruited Mike Allen to head its new investment company Cambria Private Capital.
Netherlands-based motor retailer Van Mossel has announced its takeover of the UK car dealer Jacksons Group, which represents 29 automotive brands in the Channel Islands, the Isle of Man and the Isle of Wight.
Carwow has attracted an investment from Volvo Cars, which has taken a minority stake of the online car sales marketplace through its venture capital arm, Volvo Cars Tech Fund.
Automotive sales and technology company MotorK plans to raise €150 million (£127m) with an initial public offering (IPO) of shares on the dutch stock exchange, Euronext Amsterdam, before the end of the year.
