AM100
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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 JunPendragon 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to be hit by a temporary suspension of shares trading after conceding that its 2019 annual financial results will not be published in time for the Financial Conduct Authority’s (FCA) June 30 deadline.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.
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Car Dealer News 29 MayVertu Motors 'Haircuts for Heroes' hits 20k fundraising target
Vertu Motors employees across the UK have achieved their fundraising target of £20,000 by donating the cost of their haircuts to NHS charities.
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Car Dealer News 21 MayHendy Group fully reopens its service centres after 8-week lockdown
Hendy Group has completed the reopening of aftersales operations across its entire South coast operating area - eight weeks after COVID-19 lockdown began.
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Car Dealer News 7 May
Vertu Motors will ‘capitalise on opportunities’ after COVID-19 lockdown
Vertu Motors’ director have asserted that the group has sufficient liquidity to exit the COVID-19 coronavirus lockdown and “capitalise on trading opportunities” in an interim trading statement.
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Car Dealer News 6 MayCambria considers redundancies as COVID-19 threatens ‘Darwinian evolution’ of car retail
Cambria Automobiles chief executive Mark Lavery has conceded that “over 100 redundancies” are possible within his car retail group when the Government's coronavirus job retention scheme’s (CJRS) furlough period ends.
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Car Dealer News 6 MayCambria Automobiles performing 'ahead of expectations' before COVID-19 lockdown
Cambria Automobiles has reported increased profitability in interim financial results revealing that the AM100 car retail group was performing 'ahead of expectations' prior to the COVID-19 lockdown.
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Car Dealer News 4 MayPendragon ‘well-positioned’ despite stalled Lookers merger talks
Pendragon has claimed that it is “well-positioned” despite the end of merger talks with fellow AM100 car retail group Lookers which would have created the UK’s largest car retail group.
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People News 4 MayInchcape appoints former Fujitsu director Duncan Tait as Group CEO
Inchcape has appointed former Fujitsu director Duncan Tait as its new Group CEO after the departure of Stefan Bomhard prompted “strong interest and a group of high-quality candidates”.
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People News 1 MayPendragon founder Trevor Finn to start 'next chapter' in automotive sector
Pendragon founder Trevor Finn has suggested that he could be poised to make a return to the automotive sector almost 12 months after departing the former AM100-topping car retail group.
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Car Dealer News 1 MayMarshall Motor Holdings achieves sixth annual Best Workplaces ranking
Marshall Motor Holdings has achieved a 12th-placed finish in the Super Large category of the annual Best Workplaces ranking presented by Great Place to Work.
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Car Dealer News 24 Apr
Lookers widens fraud investigation after initial findings result in £4m charge
Lookers will expand its internal fraud investigations to its entire business after initial findings from one of its operating divisions resulted in an expected one-off charge of over £4 million in its 2019 financial results.
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People News 21 AprPendragon appoints former Mercedes USA president and CEO Dietmar Exler
Pendragon has appointed former Mercedes-Benz USA president and chief executive Dietmar Exler as a non-executive director.
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Car Dealer News 8 AprPendragon donates 20% of CEO’s pay to NHS in COVID-19 impact mitigation plan
Pendragon has announced that 20% of chief executive Bill Berman’s pay will be donated to the NHS as employees across the group were furloughed and took wage cuts during the COVID-19 coronavirus lockdown.
