Pure-play software business Pinewood has signed a five-year contract with Volkswagen Group Japan to implement its Pinewood Automotive Intelligence platform across all Volkswagen and Audi dealerships in Japan.
Pinewood recorded a static profit before tax performance at £8.5 million over the last 11 months as it rolled out its DMS services to all Lithia UK dealerships.
Pinewood Technologies Group has started trading on the OTCQX Best Market which will open the door to US investment in the business.
Dealer tech firm Pinewood Technologies Group is making a £33 million acquisition of Dubai-based artificial intelligence and machine learning company Seez, with an aim to enhance its offerings to motor retailers.
Pinewood Technologies has landed a significant five-year contract with Lookers owner Global Auto Holdings to implement its Automotive Intelligence platform across its entire dealership network in the UK, North America, and Scandinavia.
Pinewood Technologies has upgraded its earnings guidance as the pureplay automotive software firm prepares for major overseas expansion supported by a brand refresh as Pinewood.AI.
Automotive retail software provider Pinewood Technologies has secured a major five-year contract with AM100 heavyweight Marshall Motor Group.
Automotive retail software provider Pinewood has reported significant progress in the first half of FY24, executing a roll-out of its system into Lithia UK dealers and expanding internationally.
Pendragon PLC's sale of all its Evans Halshaw and Stratstone dealerships and vehicle leasing businesses to Lithia netted a £40.7 million for the remainder of the business, which now continues as Pinewood Technologies PLC.
Pendragon’s multi-million pound sale of its dealerships and leasing businesses to Lithia & Driveway creates a business with considerable market influence.
The Financial Conduct Authority has given the go-ahead for US-based Lithia Motor's takeover of the motor retail part of Pendragon, including its Pendragon Finance and Insurance Services Limited business.
Dealer management system firm Pinewood will be focused on growth in the UK and USA once parent group Pendragon has sold its motor retail business to US-based Lithia and Driveway.
Pendragon is accelerating its plans to conduct a “comprehensive review” of its business in light of Hedin Group’s £411 million bid to take over the PLC.
Pendragon is providing its customers a new payment option with Pinewood DMS and Vyne open banking in-store and online.
Renault has certified Pinewood DMS as an approved international dealer management system provider, in recognition that it supports a range of Renault interfaces to help franchisees operate their businesses effectively.
DMS firm Pinewood has secured its latest integration with Volkswagen Group to support its franchised networks with leads.
Pendragon’s Pinewood Technology has launched a new online payment feature for car retailers’ aftersales departments – enabling customers to pay before collecting their car.
Pendragon’s profit before tax total slipped to a £44.4m loss in 2018 as revenues declined by 2.4% to £4.63bn in its annual results to December 31, 2018.
Vauxhall retailer Thurlow Nunn has re-implemented Pinewood DMS across all 12 of its locations.
Pendragon has projected full-year financial results delivering a further 17.2% decline in underlying profit before tax in an interim management statement revealing declines in turnover and profit during Q3.
