UK accounting watchdog the Financial Reporting Council (FRC) has opened an investigation into Deloitte audit of Lookers PLC’s financial statements for 2017 and 2018.
Marshall Motor Holdings chief executive Daksh Gupta has said that the AM100 PLC will consider repaying Government furlough payments “if we have the opportunity”.
Marshall Motor Holdings reported revenues down by 5.3% to £2.15 billion as pre-tax profits rose 3.7% to £20.4 million in a COVID-19 impacted 2020 car retail market.
Stellantis-owned Robins & Day has officially closed the doors of its "landmark" Peugeot car dealership in Bristol.
Lookers PLC has appointed former Toyota GB president and managing director Paul Van der Burgh as a non-exec director.
Vertu Motors chief executive Robert Forrester has insisted that his business is not making a switch to online car sales after a 360% rise in end-to-end digital transactions in 2020.
Inchcape has revealed its plan to create a new Destination Porsche Centre premium car dealership in Bournemouth - substantially expanding the brand's presence in the coastal town.
Vertu Motors has invested in robotic process automation (RPA) to help improve productivity across previously manual data entry processing tasks.
AM100 car retail PLC Cambria Automobiles has reported that it has been “trading ahead” of its previous financial year during the first five months of its 2020/21 reporting period.
The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
The Vertu Motors board has said that the AM100 car retail group is positioned to realise “ambitious growth aspirations” after crediting a huge Vertu team effort for a creditable 2020 trading performance.
Inchcape has confirmed that its London Stock Exchange listing has been reclassified to remove reference to retail as it disposed of 13 UK dealership locations as part of a renewed focus on distribution in 2020.
Lookers PLC’s Northern Ireland car retail division, Charles Hurst Group, has appointed Jeff McCartney as its new group operations director.
Hendy Group is set to increase its representation with the Lotus Cars brand with the addition of new dealerships in Hampshire and Devon.
Sales of new petrol and diesel cars and vans will stop in the UK from 2030, as part of the Government’s “green industrial revolution”.
TrustFord has gained planning permission for a new dealership site in Guernsey which will allow the business to bring its Ford retail, aftersales and body shop businesses under one roof.
Vertu Motors has reported that it expects its pre-tax profits for the financial year ending February 28, 2021, to exceed analysts’ current £18 million forecasts.
Marshall Motor Holdings has opened a new dealership featuring Seat and its performance sister brand Cupra in a former Vauxhall franchised site in Oxford.
Pendragon has completed the £16.3 million sale of its Hornburg Jaguar Land Rover (JLR) premium car dealership in Los Angeles, California.
AM100 motor retailer HR Owen is investing heavily in 2021 ready to win over more luxury car buyers, despite a heavy hit to its 2020 profits as coronavirus lockdowns took their toll.
