Aston Martin’s decision to raise £120m in senior secured bonds in a move which will see it paying 12% interest has been described as an “all-or-nothing rescue attempt” by the Financial Times.
An 8.7% decline in new car registrations across Europe during August has been attributed to the rush to sell vehicle not compliant with the incoming WLTP a year earlier.
The Society of Motor Manufacturers and Traders (SMMT) has highlighted a “failure to make back spring Brexit shutdown losses” despite a 3.3% growth in UK car manufacturing volumes during August.
Ancaster Group will take on the franchise for Hyundai Motor UK’s former Rockar-operated store at Bluewater Shopping just over a month after Motorline announced its departure from the site citing viability concerns.
Lookers has completed its development of Teeside’s first-ever FordStore in a £3m renovation and extension project at the former Jennings Group site.
Simon Bailes Peugeot customer Elizabeth Hutchinson has been labelled as Peugeot UK’s most dedicated car owner having exclusively driven a series of the French brand's latest models since 1970.
Volkswagen Group has branded allegations that chief executive Herbert Deiss and chairman Dieter Poetsch were guilty of market manipulation in connection to the dieselgate scandal as “groundless”.
Shelbourne Motors has opened its new £5m multi-franchise complex, adding Renault, Dacia and Kia retail outlets to its business in Newry.
MG Motor UK has extended its ‘MG Grant’ customer offer which makes its debut electric vehicle (EV), the ZS EV, available from £21,995.
The Toyota Corolla Touring Sports has received a rugged makeover with the addition of a new Trek trim level created in partnership with Trek bicycles.
Representative from the industry bodies behind Europe’s automotive manufacturing sector have united in their efforts to deter the UK and EU from allowing a ‘no deal’ Brexit to go ahead.
Six apprentice Ferrari supercar service technicians attended the Silverstone round of the Ferrari Challenge UK race series for a special graduation ceremony.
TrustFord will aim to smash its fund-raising targets once again with the re-launch of its Breakout for Ben charity fund-raising road trip with the help of adventurous automotive industry suppliers.
Williams Group claims to have brought together “blue chip” brands BMW/Mini and Jaguar Land Rover (JLR) for the first time ever with the opening of its new £41m flagship TraffordCity car dealerships.
LSH Auto UK has welcomed an influx of commercial vehicles after its newly-opened Stockport and Erdington dealerships became part of the Mercedes-Benz Vans retail franchise.
Soper of Lincoln have provided a test bed for new digitalised car retail systems after BMW Group UK responded to calls from their franchised network to overhaul its internal processes and communications.
The new Skoda Kamiq will appear in showrooms before the end of the year, expanding the brand’s SUV line-up to three models.
Perrys Motor Sales has continued its recent run of car dealership developments with the opening of its new £2m Ford Car and Transit Commercial showroom in Dover.
Endeavour Automotive has opened its second London EV Company (LEVC) taxi retail franchise at its newly-refurbished Volvo Slough car showroom.
Volkswagen dealers can now accept orders for the brand’s first R-branded high performance SUV - the T-Roc R.
Kia Motors UK’s marketing director David Hilbert has been named as one of the most effective UK marketers in Marketing Week ‘Top 100’.
Volvo has become the first car manufacturer to offer plug-in hybrid versions of its entire range with the launch of the new T5 Twin Engine petrol-electric hybrid powertrain to its XC40 SUV.
Perrys Motor Sales has brought together the PSA Group’s Citroen and Peugeot franchises under one roof at a new dual-brand showroom in Nelson, Lancashire.
BMW has said that its workers may have to go unpaid for a more than three weeks during an enforced shutdown of its Oxford manufacturing plant after Britain’s departure from the EU.
Volkswagen retailers across the globe will set about replacing the brand’s logo at 10,000 car showrooms and service partners as part of a new corporate identity for the German brand.
