Cambria Automobiles
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Car Dealer News 12 OctCambria Automobiles re-privatisation approved at car retailer’s AGM
Cambria Automobiles return into private ownership has been officially approved at the car retail group’s annual general meeting.
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Supplier News 4 OctSteps for Q4 success discussed at AM webinar this Wednesday
Steps for successful trading in Q4 and insights into Q3's sales tactics will be discussed at the quarterly AM Motor Retail Review webinar this Wednesday, October 6.
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Car Dealer News 29 SepCambria Automobiles to ditch PLC status with October 13 end to shares trading
Cambria Automobiles will officially relinquish its PLC status as of October 13 after chief executive Mark Lavery successfully completed his takeover bid this week.
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Manufacturer 29 SepINEOS signs Grenadier sales agreements with Cambria and JT Hughes
INEOS has agreed franchised sales and servicing contracts with Cambria Automobiles and JT Hughes as it works to establish a 23-site UK retail network by July next year.
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Car Dealer News 13 SepCambria £82.5m takeover bid exceeds 75% required acceptance
Cambria Automobiles’ £82.5 million takeover by the car retail group’s chief executive Mark Lavery has now exceeded the required 75% acceptance rate needed to succeed.
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Car Dealer News 6 Sep
Cambria takeover deadline extended as shareholders stall deal
The deadline for the takeover of Cambria Automobiles by chief executive Mark Lavery has been extended by a week after shareholders held-back from accepting the terms of his £82.5 million offer.
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Car Dealer News 27 Aug
Cambria gives "cautious" update as investors appraise Lavery's MBO bid
Investors clamouring for a trading update from Cambria Automobiles before they vote on its chief executive's bid to take the dealer group private have had their wish Friday afternoon.
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Car Dealer News 18 Aug
Cambria £82.5m takeover: CEO dismisses US investors’ ‘poor deal’ allegations
Cambria Automobiles chief executive Mark Lavery has dismissed angry US-based shareholders’ allegations that his £82.5 million takeover bid for the car retail PLC is akin to “stealing”.
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Car Dealer News 30 Jul
Improved £82.5m offer tabled in Cambria CEO's takeover bid
Cambria Automobiles chief executive Mark Lavery has agreed an improved management buy-out offer of £82.5 million with the AM100 PLC’s board or directors.
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Car Dealer News 24 Jun
Timeframe settled for Cambria CEO Mark Lavery’s proposed £80m MBO
Cambria Automobiles could be trading as a private company by July 29 after a timeframe for the proposed management buy-out by chief executive Mark Lavery was decided this week.
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Acquisitions and deals 14 MayTrustFord continues Ford network consolidation with Cambria dealership acquisitions
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.
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Car Dealer News 6 MayCambria experiences car brands' ‘tension’ over showroom COVID measures
Cambria Automobiles chief executive Mark Lavery has said that the group has experienced “tension” from certain OEM partners over COVID safety measures which have seen customers turned away from its car showrooms.
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Car Dealer News 5 May
Cambria Automobiles sets out roadmap for car retail's COVID-19 recovery
Cambria Automobiles has set out its roadmap to car retail recovery in a trading updated for a six-month period which saw the majority of its dealerships closed for more than 100 days due to COVID-19 restrictions.
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Car Dealer News 5 MayDealers urge Government 'stop playing snakes and ladders' with PICG support
Car retailers and manufacturers are urging the Government to establish a roadmap to 2030 to help drive electric vehicle (EV) sales after “overnight” changes cut the plug-in car grant (PiCG) purchase incentive from £3,000 to £2,500 and capped at £35,000.
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Car Dealer News 19 AprCambria Automotive PLC takeover team granted more time to complete MBO
The Cambria Automobiles board has granted its management team more time to complete its proposed management buy-out of the AM100 PLC.
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Market Insight 9 Apr‘Cazoo effect’ and showroom reopenings cause car retail's PLCs to rally
Car retail’s impressive response to the COVID-19 pandemic, the impending reopening of car showrooms after ‘Lockdown 3’ and the “Cazoo effect” have triggered rallying share prices for the sector’s PLCs.
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Car Dealer News 22 Mar
Cambria Automobiles CEO leads MBO bid for AM100 car retail PLC
Cambria Automobiles chief executive Mark Lavery, finance director James Mullins and managing director Tim Duckers are exploring the possibility of a management buy-out of the AM100 PLC.
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Car Dealer News 3 Mar
Cambria ‘trading ahead’ of previous financial year after COVID-related cost actions
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.
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Market Insight 23 FebCar retail and OEM bosses respond to April 12 showroom reopening ‘green light’
Car retail group bosses from Cambria, JCB Group and Arbury Group were among those hoping that news of showrooms re-openings on April 12 will be the start of a prolonged bounce-back from COVID-19 ‘Lockdown 3’.
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Car Dealer News 7 Jan
Cambria Automobiles trading update shows impact of COVID-19 lockdown
Cambria Automobiles has claimed that its trading performance in the first quarter of its 2021 financial year was ahead of the previous year, despite the impact of November’s COVID-19 lockdown.
