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2020 registrations based on ‘major assumptions’, says Mazda’s Peter Allibon
Mazda UK sales director Peter Allibon has said that 2020 new car registrations forecasts have had to rely on some “fairly major assumptions” on what can be achieved by retailers before the end of the year.
Nissan restructure follows 2019's worst financial results in 11 years
Nissan is set to close its Barcelona plant as it consolidates its European manufacturing operations in Sunderland as part of cost-saving measures designed to achieve a 5% profit margin within four years.
Richmond Motor Group completes Newmans Southampton acquisition
Richmond Motor Group has completed the acquisition of Newmans Southampton and revealed plans to grow its business with the opening of four more dealerships in the next 18 months.
Big Motoring World eyes future growth after 34% profit rise in 2019
Big Motoring World Group has revealed a 43% growth in turnover and a 34% increase in pre-tax profits in a statement detailing the successes of its performance in 2019.
Progress Suzuki closes as COVID-19 lockdown proves ‘too much to bear’
Progress Suzuki owner Terence Byrne has said that the UK’s automotive retail sector “will flourish again” following the COVID-19 coronavirus crisis – just days after his business went into liquidation.
Dealer positivity, Kia's strategy and motor finance developments since lockdown - in the new issue of AM
The new July issue of AM magazine is now out (view it here as an e-zine), with coverage of the help dealers are giving key workers and the steps they’re taking to bring their dealerships out of lockdown.
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Analysis And Features
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