Renault has laid out plans to implement 14,600 job cuts as it reduces its global vehicle production output by 17.5% in a bid to save £1.8 billion by 2024.
Pendragon has completed a £10.5 million “sale and leaseback” deal for its Porsche Centre car dealership site in Stockport.
The UK car manufacturing sector could suffer a £12.5 billion loss due to production lost during the COVID-19 coronavirus pandemic's enforced lockdown period.
As lockdown eases, dealers returning to trading on June 1 are likely to prompt a ‘step change’ in online motor retail, says iVendi.
Lexus’s franchised retail network has taken the Japanese premium car brand to the top of a What Car? ranking of the UK’s top car service and maintenance providers.
Mazda UK sales director Peter Allibon has said that 2020 new car registrations forecasts have had to rely on some “fairly major assumptions” on what can be achieved by retailers before the end of the year.
Dealers should expect an increase in haggling when they open showroom doors next week as car buyers are demanding discounts on their next car.
Nissan is set to close its Barcelona plant as it consolidates its European manufacturing operations in Sunderland as part of cost-saving measures designed to achieve a 5% profit margin within four years.
Almost 1.1 million unroadworthy vehicles are set to return to the roads as lockdown begins to ease, according to new research by Kwik Fit.
Caffyns has praised its employees' response to the COVID-19 crisis as “outstanding” as it revealed the mitigation measures taken by the business in a trading update published this morning (May 27).
The board of Aston Martin Lagonda has confirmed that Dr Andy Palmer will step down as its president and chief executive, with Mercedes-AMG boss Tobias Moers set to become CEO.
Vertu Motors chief executive Robert Forrester has told BBC Breakfast how the car retail sector will “trust customers” to take unaccompanied test drives as showroom retailing gets back underway.
Car retailers have been urged to “hold their nerve” and not rush to liquidate stock ahead of an anticipated rise in sales demand following June 1’s re-opening of car showrooms across the UK.
Prime Minister Boris Johnson has ended the two-month COVID-19 coronavirus-enforced closure of car showrooms by giving automotive retailers the green light to open their facilities from June 1.
MotoNovo Finance has announced it has seen a surge in proposal and business activity, since it revealed it was lifting lending restrictions.
Dealer website traffic analysis by Blue Interactive ‘paints a positive picture of industry recovery’.
One-third of the UK’s fleet managers expect more than 50% of their company car fleets will be electric within five years, according to a new Go Ultra Low survey.
Over two-thirds of car buyers want to purchase their next vehicle face-to-face, despite the risks posed by the COVID-19 coronavirus – highlighting the importance of showrooms’ June 1 reopening.
The Independent Garage Association (IGA) is urging Government to scrap the temporary MOT extension following Prime Minister Boris Johnson’s “back to work” lockdown easing measures.
Toyota has retained top spot in the National Franchised Dealers Association’s (NFDA) bi-annual car dealer EV Dealer Attitude Survey as new entrant Ford floundered in last place.
