Marshall Motor Group is issuing its 4,000 staff a one-off cash "loyalty" bonus and a backdated pay review after outperforming the market as it emerged from a COVID-hit 2020.
JCT600 has celebrated 75 years in business and estimates that it has sold more than one million vehicles since it was founded.
Vertu Motors has followed fellow AM100 car retail PLC Lookers in urging shareholders to stay away from their upcoming AGM after the stalled easing of COVID-19 lockdown measures.
Inchcape has revealed that its year-to-date financial performance has “exceeded expectations” in a brief trading update issued today (June 18).
Vertu Motors could be the latest AM100 car retail group PLC to face a backlash over bonus payments to its chief executive Robert Forrester.
Cambria Automobiles chief executive Mark Lavery has said that he looks forward to “capitalising on the growth opportunities ahead” after agreeing the terms of the group’s management buy-out (MBO).
Lookers has revealed that chairman Phil White will stand for re-election at its AGM as the AM100 PLC’s search for a successor continues.
South of England car dealer group Caffyns has clawed soundly back into the black amid the coronavirus pandemic thanks to efficiencies, state support and investment in online sales.
Lookers will return to “normalised reporting” of its annual financial results after renewing its banking facility and reporting continued strong trading momentum the first four months of 2021.
Marshall Motor Group will develop a new dual-franchise Jaguar Land Rover dealership for Cheltenham and Gloucester after acquiring the franchise from Heritage Automotive.
Macklin Motors hedged its bets with football fans in Scotland’s capital by securing sponsorship deals with rival teams Heart of Midlothian FC and Hibernian FC.
Pendragon chief executive Bill Berman will receive bonus payments criticised as being “out of tune” despite a 42.2% vote against the PLC’s director remuneration at today’s AGM.
Stoneacre Motor Group has officially opened the first of three new Renault and Dacia dual-brand car dealerships – creating a multi-brand site alongside its Vauxhall franchise in Backburn.
Pendragon’s leadership team are today preparing for a shareholder revolt as Hedin Group joined other key stakeholders in stating it will vote against “out of tune” bonus payments.
Harwoods Group has opened the doors to its newly-developed Jaguar Land Rover (JLR) premium car dealership in Brighton.
The board of directors at Cambria Automobiles has confirmed that chief executive Mark Lavery has been given more time to negotiate a management buy-out (MBO) of the AM100 car retail PLC.
Drive Motor Retail has further expanded its previously Vauxhall-dominated franchise portfolio with the addition of three new MG Motor UK dealerships in Leicester, Bristol and Darlington.
TrustFord has continued the consolidation of the Ford's car retail network in London through the acquisition of Cambria Automobiles’ franchises in Croydon and Wimbledon.
Vertu Motors chief executive Robert Forrester has said the AM100 PLC will continue to drive a “big brand” profile through high-profile marketing after adding 30 car retail outlets in 15 months.
Experts from ICDP, ASE and UHY Hacker Young respond to suggestions that motor retail's evolution could leave 'regional hero' dealer groups vulnerable.