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.
Cinch, the online used car retail business, has been tipped for market leading potential amidst reports its owner Constellation Automotive Group is trying to raise £500 million of institutional funding.
Businesses need to focus on productivity and skills investment to help the UK power its way out of the global recession caused by the COVID-19 pandemic, says professor Joe Nellis of Cranfield School of Management.
Dubai-based conglomerate AW Rostamani has made its first acquisition in the UK, taking a majority stake in Brayleys Motor Group, whose franchises include Honda, Kia, Mazda and Renault/Dacia.
Paragon is injecting £4.7 million into the business over the next 12 months to build its capacity and support its growth plans.
Motorline Group has opened a new state-of-the-art Maserati dealership in Maidstone, Kent.
