Swedish car retailer Hedin Group has tabled its second takeover bid for Pendragon in six months – this time “highly conditional” 29p per share offer.
Pendragon chief executive Bill Berman has spoken to the car retail PLC’s “continued momentum” after delivering an “encouraging” set of financial results for the first half of 2022.
Lookers has affirmed that it has no plans to close its Motherwell Land Rover dealership after an AM-online report incorrectly stated that the site was being considered for redevelopment.
Pendragon is providing its customers a new payment option with Pinewood DMS and Vyne open banking in-store and online.
Pendragon has officially reopened its Stratstone BMW and Mini car dealership in Hull following a major refurbishment.
US-based Lithia Motors is said to have been identified as the “large international corporate” which launched a £460 million takeover bid of Pendragon.
One of Pendragon’s five major shareholders has blocked a takeover bid launched for the AM100 car retail PLC by “a large international corporate”.
Pendragon chief executive Bill Berman has said that an anticipated £33 million underlying first-half pre-tax profit will give the car retail PLC “good momentum” for H2 2022.
Leading lights in the Pendragon car retail group have continued the sector’s tributes to former colleague Stuart Foulds.
Friends and colleagues of former TrustFord chairman and chief executive have paid tribute to a “straight-talking, true professional” following his death yesterday (July 14).
Pendragon has broadened the footprint of its Sell Your Car and Click and Collect used car retail services with the opening of 10 Carstore Direct sites at Morrisons and Homebase stores across the UK.
Pendragon has vowed to formulate new remuneration policy after its shareholders voted 65.5% against its plan to hand over multi-million bonuses to its leadership team.
Pendragon remuneration committee chair Mike Wright has left the car retail PLC after it emerged that the business looked set to face a third successive AGM shareholder revolt over its leadership bonuses.
Pendragon’s leadership team could be set to face another shareholder revolt over “inappropriate” financial bonuses – a year after their last showdown with investors.
A dozen premium SUVs suffered “extensive damage” when vandals attacked Pendragon’s Stratstone Land Rover dealership in Cardiff this week.
Pendragon will open the doors to its first CarStore Experience Centre this weekend as it targets “first-class in person experiences for any customer” with its reimagined used car retail division.
Arnold Clark chief executive Eddie Hawthorne, Pendragon chief marketing officer Kim Costello and Auto Trader’s chief operations officer Catherine Faiers are among the headline speakers at this year’s Driving Digital conference.
Pendragon’s push to “maximise margins” on its new and used car sales to mitigate against automotive supply constraints have helped deliver a 73.1% increase in Q1 pre-tax profits.
Pendragon has agreed a naming sponsorship deal with British Touring Car Championship (BTCC) team Power Maxed Racing (PMR).
Pendragon has united the BMW and Mini brands in Derby following a multi-million project to redevelop its existing Stratstone car retail site.
