Pendragon has made good progress in the first quarter of 2013 and is performing in line with expectations, the UK's largest franchised motor retailer said this morning.
Former Microsoft and Travis Perkins executives are due to join Pendragon's board of directors later this month.
The Financial Reporting Council (FRC) has launched an investigation into whether KPMG Audit Plc was independent when it conducted the audits of Pendragon financial results for the years ended 31 December 2010 and 2011.
Pendragon, the UK's largest franchised dealer group, expects to complete a refinancing of its debt next week.
The UK's largest franchised dealer group is planning action to refinance its debts.
Top AM100 group Pendragon saw turnover increase by 5% to £3.63 billion and profit before tax rise by 58% from £24 million to £37.8m in 2012, which analysts believes indicates a recovery of the automotive market.
An employment tribunal has ruled that a franchised dealership unfairly dismissed a 64-year-old employee due to his age.
Pendragon, the UK's largest car dealer group, has announced a new non-executive director will join its board on January 28.
This weekend Driving.co.uk, the News International used car site, launches an online guide to buying a used car in 2013.
Pendragon has this morning reported a Q3 trading performance with new car volume and used car margin ahead of the prior year.
Pendragon’s revenue and pre-tax profits increased for the six months to June 30, 2012 but operating profits and margins reduced.
Vertu Motors has added its sixth dealership with the Honda franchise.
Stockbrokers Panmure Gordon said it anticipates a strong set of first half results from Pendragon when the UK's biggest car dealer reports its results next month.
The UK’s largest car dealer Pendragon will tell shareholders at its AGM this morning it is making good progress this year, with quarter one trading in line with expectations.
Pendragon has been hit with a £35,000 fine by Her Majesty’s Revenue & Customs (HMRC) after deductions from staff pay took 40 employees below the national minimum wage.
Teams from Pendragon and Inchcape will take on the Three Peaks 24 hour challenge on June 16 and 22 respectively to raise money for BEN, the automotive charity.
Stratstone has picked up nine manufacturer awards over the last twelve months as Pendragon seeks to provide an ‘unrivalled, personalised service’ in the luxury segment.
Dealer group Stratstone, Clare James Automotive and Lightcliffe will be displaying cars at the Magnificent Marques at Cholmondeley Pageant of Power.
Pendragon had to redeploy the staff of its Durham Evans Halshaw Renault dealership earlier this month after the business was destroyed by fire.
"When you have a period where you've not grown in any material sense and you can just concentrate on the business you've got, we've probably got a much better business footprint today than we've ever had - stronger, more robust, better people, more depth, than we've had in 20 years."
