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.
Marshall Motors and Vertu Motors bosses Daksh Gupta and Robert Forrester have recognised the efforts of their car retail workforce to support the NHS and other key workers during the coronavirus lockdown period.
Coronavirus-prompted car dealership closures resulting from Prime Minister Boris Johnson’s lock-down of non-essential retail businesses will see ‘80% of car dealership employees’ placed on Government salary support.
Business leaders from the car retail sector have been taking to email and social media to reassure their members of staff and customers of their actions amid the COVID-19 coronavirus outbreak.
Pendragon has revealed that it suffered a £117.4 million loss after tax in 2019 in an annual results statement that revealed the full impact of “significant H1 losses”.
Pendragon has appointed Scottish and Southern Energy (SSE) divisional director and former chief operating officer of Opus Energy, Nikki Flanders, as a non-executive director.
Marshall Motor Holdings reported revenues rose for a fifth year since its IPO, rising 4.1% to £2.28 billion in the AM100 car retailer group’s latest set of annual financial results.
Cambria Automobiles has claimed that a shift towards luxury car retail enabled it to maintain profits as manufacturers adjusted vehicle supplies to mitigate the impact of new EU CO2 emissions regulations.
Vertu Motors chief executive Robert Forrester suggested that the AM100 PLC will growth through the strong “pipeline of potential acquisition opportunities” in a trading update from the AM100 PLC.
Inchcape reported a 1.3% increase in turnover and a 256% increase in its profit before tax in its full-year financial results for 2019.
A whole range of issues were discussed by some of the industry’s biggest hitters, who pulled no punches about the challenges facing them as they go into 2020.
Group 1 Automotive boss Earl J. Hesterberg has said that the retail group had been able to overcome “serious challenges presented by Brexit uncertainty in the UK” in 2019 thanks to its “powerful US performance”.
Inchcape chief executive Stefan Bomhard has resigned his post with the car retail and import business to take up a position as the chief executive of Imperial Brands.
Vertu Motors has added to the recent flurry of acquisitions and disposals within the Volkswagen retail network with the £8.8 million acquisition of four dealerships from Sytner Group.
Sytner Group has opened the doors of its £9 million BMW car dealership in Cardiff after contractor MCS Group met its Christmas deadline for completion.
Stoneacre Motor Group has opened the doors to a new Volvo Car UK dealership in Sheffield following a £6 million investment.
Sytner Group’s used car supermarket division will launch a new drive-in service centre concept when it opens the doors to its 10th CarShop site in Bristol this weekend.
Lookers has appointed former HBOS chief information officer Heather Jackson as a non-executive director of the company with effect from today (November 25).
Group 1 Automotive has parted company with its managing director Darren Guiver after the Spire Automotive founder decided to "take time away from the business”.
Cambria Automobiles’ transition towards luxury car sales with the opening of new Bentley, Lamborghini and McLaren showrooms has helped it to a 37.4% increase in profit before tax in its latest annual financial results.