The new chief executive of AM100 car dealer Marshall Motor Group has been revealed to be Pendragon veteran Martin Casha.
Car dealer group Pendragon, which trades as Evans Halshaw and Stratstone, is beginning the search for a new chairman of the board. Ian Filby is leaving.
Pendragon has opened its new 11,200 square metre “destination Porsche” centre in Nottingham.
Pendragon’s board expects the AM100 car retail PLC to “comfortably outperform” its previous expectations for 2023 after delivering a 23% rise in underlying pre-tax profits during Q1.
Car retailers have been told “there is no silver bullet” in the fight to avoid potentially devastating data-grabbing cyberattacks as high-profile AM100 businesses continue to recover from hits on their digital systems.
The £57.6m underlying pre-tax profit that Pendragon made in 2022 has exceeded expectations, despite being a 30.6% drop on 2021's £83m earnings.
Pendragon has opened the doors to two new BYD electric vehicle (EV) dealerships in Birmingham and Milton Keynes today – with a further four planned openings for the Chinese car brand.
Vospers has grown its Stellantis representation in Plymouth by taking over the Vauxhall franchise in Plymouth from Pendragon’s Evans Halshaw business.
Lithia Motors’ Jardine Motor Group takeover talks have highlighted the undervaluation of UK car retail businesses, analysts have claimed.
Pendragon has said that car sales growth in Q4 helped propel it to a “better than expected” 2022 financial performance in a trading update published this morning (January 25).
Planning officials have approved Pendragon’s plans to develop a new Ford car dealership in Motherwell.
Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.
Pendragon suitor Hedin Mobility Group has secured a foothold in the UK car dealership sector with the acquisition of four franchise points from Mercedes-Benz Retail Group.
Hedin Group’s ‘put-up or shut-up’ deadline for a takeover offer for Pendragon PLC has been extended to December 9.
AM100 group Pendragon said gross profit for the three months to September 30 was maintained at the “exceptional level” seen last year as it outperformed the overall UK new car market.
Pendragon has become motor retail's latest victim to hackers, who have reportedly issued a $60 million (£53m) ransom demand to the major AM100 dealer group.
The London Stock Exchange has extended the deadline for Sweden-based Hedin Group to continue discussions and due diligence with Pendragon before it must decide whether to make a formal takeover bid for the major AM100 dealer group which trades under the Evans Halshaw and Stratstone brands.
Just Stop Oil protestors followed up a tomato soup attack on Van Gogh’s Sunflowers by daubing Pendragon’s Stratstone Aston Martin dealership on Westminster’s Park Lane with orange paint.
Hedin Group has withdrawn its move to block rival bids for AM100 car retail group Pendragon after a “surprise” announcement from the PLC’s board.
Pendragon is accelerating its plans to conduct a “comprehensive review” of its business in light of Hedin Group’s £411 million bid to take over the PLC.
