Cambria Automobiles chief executive Mark Lavery, finance director James Mullins and managing director Tim Duckers are exploring the possibility of a management buy-out of the AM100 PLC.
Lookers has said that it expects to deliver a “small profit” and reduced debt in its 2020 annual financial results – defying analysts’ loss predictions.
Vertu Motors has “cemented” its position as the biggest Honda retailer in Europe with the acquisition of Hepworth Honda in Huddersfield.
UK accounting watchdog the Financial Reporting Council (FRC) has opened an investigation into Deloitte audit of Lookers PLC’s financial statements for 2017 and 2018.
Marshall Motor Holdings chief executive Daksh Gupta has said that the AM100 PLC will consider repaying Government furlough payments “if we have the opportunity”.
Marshall Motor Holdings reported revenues down by 5.3% to £2.15 billion as pre-tax profits rose 3.7% to £20.4 million in a COVID-19 impacted 2020 car retail market.
Lookers PLC has appointed former Toyota GB president and managing director Paul Van der Burgh as a non-exec director.
Vertu Motors chief executive Robert Forrester has insisted that his business is not making a switch to online car sales after a 360% rise in end-to-end digital transactions in 2020.
Inchcape has revealed its plan to create a new Destination Porsche Centre premium car dealership in Bournemouth - substantially expanding the brand's presence in the coastal town.
AM100 car retail PLC Cambria Automobiles has reported that it has been “trading ahead” of its previous financial year during the first five months of its 2020/21 reporting period.
The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
The Vertu Motors board has said that the AM100 car retail group is positioned to realise “ambitious growth aspirations” after crediting a huge Vertu team effort for a creditable 2020 trading performance.
Inchcape has confirmed that its London Stock Exchange listing has been reclassified to remove reference to retail as it disposed of 13 UK dealership locations as part of a renewed focus on distribution in 2020.
Lookers PLC’s Northern Ireland car retail division, Charles Hurst Group, has appointed Jeff McCartney as its new group operations director.
Vertu Motors has reported that it expects its pre-tax profits for the financial year ending February 28, 2021, to exceed analysts’ current £18 million forecasts.
Marshall Motor Holdings has opened a new dealership featuring Seat and its performance sister brand Cupra in a former Vauxhall franchised site in Oxford.
Pendragon has completed the £16.3 million sale of its Hornburg Jaguar Land Rover (JLR) premium car dealership in Los Angeles, California.
Lookers has applied to recommence share trading on the London Stock Exchange following publication of interim financial results which revealed a £50 million loss in a COVID-impacted H1, 2020.
Pendragon has revealed its plans to develop new BMW and Mini dealerships in Derby and Hull, bringing the two brands together under one roof for the first time at the two locations.
Marshall Motor Holdings chief executive Daksh Gupta is set to reflect his “most challenging period in car retail” and reveal his approach for 2021 as one of the sector leaders speaking at Automotive Management Live Virtual.
