After an illustrious 40-year career in the automotive industry, including two decades with Sytner Group and the last ten years as its chief executive, Darren Edwards has announced his retirement.
American motor retailer AutoNation said on Tuesday it had withdrawn its offer for Pendragon only weeks after Hedin Mobility and PAG International also dropped their joint bid.
One of the potential suitors of Pendragon, the UK car dealer group at the centre of takeover talks with several prospective buyers, has publicly backed out.
American motor retailer AutoNation has now joined the bidding war for Pendragon, with its own 32p per share pitch matching the revised offer proposed by its US rival Lithia.
Pendragon has unanimously rejected an unsolicited and preliminary proposal by Hedin Mobility and Penske
Sytner Group and CarShop owner Penske Automotive has reported a record set of annual financial results in which revenues rose 9% and pre-tax profits swelled by 16%.
Inchcape has grown its bravoauto used car supermarket division with the opening of a new store in Sytner’s former Volkswagen and CarShop Express dealership in Halifax.
Sytner and CarShop owner Penske Automotive has reported a record quarter performance after delivering and 8% increase in pre-tax profits to $500 million (£412m).
Sytner Group and Car Shop owner Penske Automotive has revealed “all-time record quarterly results” in Q1 2022 in a trading update from the car retail giant.
Sytner Group and CarShop owner Penske Automotive has reported a 25% rise in revenues and 127% increase in pre-tax profits in its annual financial results for 2021.
Sytner Group’s CarShop used car division is celebrating the “astounding success” of its first Express Store concept retail site in Leicester.
Sytner Group has revealed a 39.8% rise in pre-tax profits despite COVID-19 enforced showroom closures during its 2020 financial year.
Sytner Group rewarded 39 top technicians from its 2020 Elite Technicians Programme with a trip to the Goodwood Festival of Speed and lunch with business owner and racing driver Roger Penske.
CarShop has revealed its plans to create its 14 used car supermarket site with the redevelopment of a Autoworld dealership in Willenhall, near Wolverhampton.
Sytner Group will be the only automotive retail partner of the 2021 Goodwood Festival of Speed, showcasing models from the Alpina brand.
Car retail's switch to omnichannel retailing during successive COVID-19 lockdowns have ensured that used cars buyers have “never had it so good”, according to CarShop CEO, Nigel Hurley.
The CarShop brand is set to go global as Penske Automotive looks to rebrand its US CarSense operation and expand its used car supermarket footprint from 17 to 40 locations by 2023.
Sytner Group has reported a 7% increase in turnover and 14.2% rise in pre-tax profitability as it delivered a record set of annual financial results in the year to December 31, 2018.
Sytner Group’s Car People used car supermarket network has been rebranded and brought under the CarShop banner.
Sytner Group has reported a rise in sales revenue and pre-tax profit from its trading to October 1.
