Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.
Inchcape chief financial officer Gijsbert de Zoeten will stand down with immediate effect over issues with his “personal behaviour” at a recent event.
Caffyns has cited stock shortages, economic uncertainty and energy concerns in a “cautious” trading outlook after a half-year trading statement revealed its profits had declined by a third.
Hedin Group’s ‘put-up or shut-up’ deadline for a takeover offer for Pendragon PLC has been extended to December 9.
Luxury car retailer HR Owen has said the foundations for its future success are “firmly in place” after growing its revenues and profits while driving investment in property and business growth in 2021/22.
Vertu Motors has become the UK’s largest BMW Motorrad motorcycle retailer with the £4.4 million acquisition of two Yorkshire dealerships from Saltaire Motor Company, which trades as Allan Jefferies.
Inchape has appointed former BP finance director Byron Grote as a non-executive director.
Lookers increased its full-year profit expectations to £75 million and kicked-off a £15m share buyback programnme after reporting strong performance in a Q3 trading update.
Lookers has re-opened its Nissan dealership in Chester following £750,000 investment in the Japanese carmaker's new corporate identity (CI).
Taggarts' Jaguar Land Rover (JLR) and Volvo premium car dealerships will be rebranded after more than 120 years' trading as Lookers moves to unify its operations in Scotland.
Marshall Motor Holdings has reported 74.6% turnover growth and a 354.4% rise in pre-tax profit in its first financial results since the acquisition of Motorline and privatisation by new owner Constellation Automotive.
Growing AM100 PLC Vertu Motors' high-profile efforts to leverage marketing and sponsorships to boost its profile will deliver "surprises" in the months ahead.
Vertu Motors chief executive Robert Forrester has said that the car retail giant could grow “anywhere at any time” after revealing H1 results which suggest it is scaling the AM100 rankings.
Hedin Group has withdrawn its move to block rival bids for AM100 car retail group Pendragon after a “surprise” announcement from the PLC’s board.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.
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' director of group operations Paul Bentley has revealed that he is taking “time out” to pin-point his next challenge after departing the AM100 car retail PLC.
Lookers chief people officer Chris Whittaker has voiced fears the cost-of-living crisis affecting the car retail sector’s workforce is “not going to be a short-lived”.
Vertu Motors is taking its car dealerships “off grid” as part of efforts to combat the soaring cost of energy in the second half of 2022.
