AM100
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People News 7 SepMarshall appoints Endeavour and Vertu directors to maintain growth strategy
Former Endeavour Automotive managing director Adrian Wallington has re-joined former employer Marshall Motor Holdings as commercial development director as one-of-four new appointments for the AM100 PLC.
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Car Dealer News 3 SepStoneacre owner Richard Teatum invests over £3m in Vertu Motors
Stoneacre Motor Group’s founder and owner Richard Teatum has invested over £3 million in rival car retail group Vertu Motors.
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Car Dealer News 2 SepPendragon's digital car sales strategy targets £85m to £90m profit by 2025
Pendragon will rebrand and restructure its Car Store used car division while driving digital innovation in a new growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.
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Car Dealer News 2 SepCambria embarks on 'significant reduction' in workforce following COVID-19
Cambria Automobiles is embarking on series of cost-cutting measures which will include a "significant reduction" in employee headcount due to the impact of COVID-19 lockdown.
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Car Dealer News 30 Jul‘False economy’ masks extent of impending car retail job cuts, says Pendragon boss
A ‘false economy’ which has seen the UK’s car retail sector deliver on pent-up demand from the COVID-19 lockdown is masking the true extent of impending redundancies in the sector, Pendragon boss Bill Berman has told AM.
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Car Dealer News 30 Jul
Pendragon plans 1,800 job cuts and car dealership closures across the UK
Pendragon has announced a plan to axe 1,800 jobs from its UK car retail network as part of a bid to create a “leaner and more sustainable operating model” in the wake of the COVID-19 crisis.
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Car Dealer News 30 JulInchcape continues restructure plan after £188m H1 2020 loss
Inchcape is driving forward plans for a restructure to be completed by Q1 next year after reporting a 36% decline in overall revenues and pre-tax losses of £188 million in the first half of 2020.
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Car Dealer News 29 JulPark’s Motor Group to open Lotus Cars Hamilton sports car showroom
Park’s Motor Group is poised to open a new Lotus Cars sports car dealership in Hamilton in preparation for the brand's “exponential growth”.
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Car Dealer News 22 JulPentagon and Charles Hurst Vauxhall dealerships on the move
Pentagon Motor Group and Charles Hurst Group are both moving Vauxhall dealerships as they look to maximise their use of space to accommodate the PSA Group-owned car brand.
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Car Dealer News 17 JulCaffyns reports 5.4% revenue decline in 2020 financial results
COVID-19 and the EU’s new RDE CO2 emission regulations were cited as the “key events” which resulted in a 5.4% decline in revenues in the car retail group’s 2020 annual financial results.
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Car Dealer News 14 Jul
Vertu Motors to reduce employee headcount by 345 to 'future proof' business
Vertu Motors has taken the decision to cut 345 jobs as it looks to future proof its operations through increased automation in the wake of the COVID-19 lockdown.
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Car Dealer News 7 JulCOVID-19 impact prompts Jardine Motors restructure and redundancies
Jardine Motors Group has confirmed that it has opened consultation over redundancies as part of a restructure prompted by COVID-19.
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Car Dealer News 1 JulLookers share trading suspended after fraud probe delays 2019 results
Lookers has requested that the listing of its ordinary shares be temporarily suspended, pending publication of its 2019 annual financial results.
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Car Dealer News 30 JunJobs ‘at risk’ at Cambria Automobiles’ JLR Swindon dealership
Over 20 employees could be at risk of redundancy at Cambria Automobiles’ Jaguar Land Rover (JLR) dealership in Swindon as part of plans to mitigate against the impact of COVID-19.
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Car Dealer News 29 Jun
Pendragon rebrand to ‘power’ Evans Halshaw, Stratstone and Car Store
The Evans Halshaw, Stratstone and Car Store car retail businesses will have a “powered by Pendragon” prefix added to their name as part of a rebrand of the AM100 car retail group aiming to add confidence to car buying consumers.
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People News 8 JunFormer CarShop CEO Jonathan Dunkley officially departs Sytner Group
Former CarShop chief executive Jonathan Dunkley has officially handed the used car supermarket business’s operations over to “the Sytner Group machine”
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Car Dealer News 8 Jun
Lookers annual results delay to trigger share trading suspension
Lookers expects to be hit by a temporary suspension of shares trading after conceding that its 2019 annual financial results will not be published in time for the Financial Conduct Authority’s (FCA) June 30 deadline.
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Car Dealer News 5 JunMotorline Group plans 10% pay cuts due to COVID-19 impact
Motorline Group has opened consultation with its workforce over a 10% cut to employee pay in response to challenges faced as a result of the COVID-19 crisis.
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Car Dealer News 4 Jun
Lookers to axe up to 1,500 jobs and close 12 more car dealerships
Lookers will close a further 12 car dealerships and cut its employee headcount by up to 1,500 as part of a restructure plan aiming to make annual savings of £50 million.
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Car Dealer News 3 JunVertu Motors announces acquisition intention in 2019 financial results
Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown.
