A finance company demanded £2.3 million in compensation from a used car dealer who breached the terms of numerous motor finance loans through a series of “illegitimate side agreements”.
Progress Suzuki owner Terence Byrne has said that the UK’s automotive retail sector “will flourish again” following the COVID-19 coronavirus crisis – just days after his business went into liquidation.
Fiat dealer Richard Cort Italia has gone into voluntary liquidation, with the loss of 19 jobs.
A used car dealer who failed to pass on £174,450 of proceeds from five cars sold as part of ‘sale or return’ agreements has been disqualified from acting as a director for ten years.
