Pendragon
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Car Dealer News 22 SepHedin and Penske now raise their takeover after Pendragon shrug off
A second pitch from Anders Hedin and Roger Penske's dealer groups to acquire Pendragon in its entirety has upped their offer from 28p per share to 32p per share.
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Acquisitions and deals 21 Sep
Pendragon rejects new £391m bid by Sytner parent and Sweden’s Hedin
Pendragon has unanimously rejected an unsolicited and preliminary proposal by Hedin Mobility and Penske
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Acquisitions and deals 18 Sep
USA's Lithia Motors to buy Pendragon in £250m deal to become UK's 2nd biggest dealer group
US-based Lithia Motors could be set to take over Pendragon's dealership and leasing businesses in a £250 million deal which would leave Pinewood, Pendragon's software division, behind as a standalone entity retaining Pendragon's stock market listing.
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Car Dealer News 20 JulPendragon continues to strengthen profits in 2023
A trading update by Pendragon has reported a "robust performance" in the first half of 2023, despite the headwinds of rising interest rates and inflation.
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Car Dealer News 11 JulPendragon boss gets new targets for carbon reduction, management diversity and OEM expansion
Reducing Pendragon's carbon emissions by 5%, increasing female representation in management positions and bringing at least two new OEMs on board are among the three-year targets set for the AM100 dealer group's chief executive Bill Berman and chief financial officer Mark Willis.
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Car Dealer News 7 JulNew chief executive revealed for Marshall Motor Group
The new chief executive of AM100 car dealer Marshall Motor Group has been revealed to be Pendragon veteran Martin Casha.
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Car Dealer News 30 JunPendragon needs to find a new chairman
Car dealer group Pendragon, which trades as Evans Halshaw and Stratstone, is beginning the search for a new chairman of the board. Ian Filby is leaving.
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Car Dealer News 24 MayPendragon opens Porsche Nottingham destination showroom
Pendragon has opened its new 11,200 square metre “destination Porsche” centre in Nottingham.
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Car Dealer News 19 AprPendragon’s ‘strong start’ to 2023 delivers 23% rise in pre-tax profits
Pendragon’s board expects the AM100 car retail PLC to “comfortably outperform” its previous expectations for 2023 after delivering a 23% rise in underlying pre-tax profits during Q1.
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Technology 24 MarNews insight: car dealers' data obsession has cybercriminals circling
Car retailers have been told “there is no silver bullet” in the fight to avoid potentially devastating data-grabbing cyberattacks as high-profile AM100 businesses continue to recover from hits on their digital systems.
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Car Dealer News 22 Mar
Pendragon's £57.6 million profits 'exceeded 2022 expectations'
The £57.6m underlying pre-tax profit that Pendragon made in 2022 has exceeded expectations, despite being a 30.6% drop on 2021's £83m earnings.
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Car Dealer News 15 MarPendragon opens two of six new BYD EV dealerships today
Pendragon has opened the doors to two new BYD electric vehicle (EV) dealerships in Birmingham and Milton Keynes today – with a further four planned openings for the Chinese car brand.
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Car Dealer News 13 FebVospers takes over Vauxhall Plymouth franchise from Evans Halshaw
Vospers has grown its Stellantis representation in Plymouth by taking over the Vauxhall franchise in Plymouth from Pendragon’s Evans Halshaw business.
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Market Insight 25 JanLithia Motors’ Jardine takeover talks highlight UK's ‘undervalued’ car retail PLCs
Lithia Motors’ Jardine Motor Group takeover talks have highlighted the undervaluation of UK car retail businesses, analysts have claimed.
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Car Dealer News 25 Jan
Pendragon predicts ‘better than expected’ 2022 financials after Q4 growth
Pendragon has said that car sales growth in Q4 helped propel it to a “better than expected” 2022 financial performance in a trading update published this morning (January 25).
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Car Dealer News 9 JanPlanners approve Pendragon’s Motherwell Ford dealership development
Planning officials have approved Pendragon’s plans to develop a new Ford car dealership in Motherwell.
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Car Dealer News 9 Dec
Hedin Group withdraws £411m Pendragon takeover offer
Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.
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Acquisitions and deals 24 NovPendragon suitor Hedin Group completes Mercedes-Benz Retail Group acquisitions
Pendragon suitor Hedin Mobility Group has secured a foothold in the UK car dealership sector with the acquisition of four franchise points from Mercedes-Benz Retail Group.
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Acquisitions and deals 21 Nov
Hedin Group’s Pendragon ‘put-up or shut-up’ takeover deadline extended
Hedin Group’s ‘put-up or shut-up’ deadline for a takeover offer for Pendragon PLC has been extended to December 9.
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Car Dealer News 25 OctStrong Q3 result for Pendragon with 14% uplift in new car sales volume
AM100 group Pendragon said gross profit for the three months to September 30 was maintained at the “exceptional level” seen last year as it outperformed the overall UK new car market.
