PLCs
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People News 31 JanLeadership changes at Aston Martin as consortium acquires 17% share
Aston Martin has announced a series of key leadership appointments after news that a consortium led by F1 race team owner Lawrence Stroll has acquired a 17% share of the British sports car maker.
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People News 30 JanInchcape appoints BP's Alexandra Jensen as non-executive director
Inchcape has appointed BP’s chief marketing officer, global retail and senior vice president, Alexandra Jenson, as a non-executive director.
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Car Dealer News 29 JanPendragon update claims ‘significantly improved’ H2 2019 performance
Pendragon has claimed that its performance “improved significantly” during the second half of 2019, as it carried out the closure of 22 of its nationwide Car Store used car dealership sites.
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Acquisitions and deals 16 JanVertu Motors acquires four Sytner Group Volkswagen dealerships
Vertu Motors has added to the recent flurry of acquisitions and disposals within the Volkswagen retail network with the £8.8 million acquisition of four dealerships from Sytner Group.
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Car Dealer News 9 JanCambria ‘well positioned for 2020’ despite 9.4% new car sales dip
Cambria Automobiles has reported that it is “well positioned for 2020” despite suffering a 9.4% decline in new car sales in the first three months of its current fiscal year.
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Car Dealer News 22 Oct
Pendragon reports Q3 revenue decline amid mass site closures
Pendragon has delivered an interim statement to share news of a 57.9% growth in underlying profit before tax as revenues and profits continued to decline amid mass site closures during Q3.
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Opinion 21 OctAston Martin? The plan just might work… A guest opinion
Having recently secured a major £120m bonds deal, Aston Martin appears to be banking on innovating its way through the current tough trading conditions and CEO, Andy Palmer, has promised that its ambitious investment plan can succeed.
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Acquisitions and deals 10 Oct
Inchcape agrees £100m sale of UK fleet solutions business to Toyota
Inchcape looks set to continue its recent round of business disposals after agreeing to sell its Inchcape Fleet Solutions (IFS) UK vehicle fleet management and funding division to Toyota for £100m.
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Car Dealer News 9 OctVertu maintains ‘discipline’ to deliver turnover and profit growth
Vertu Motors chief executive has said that maintaining the car retail group’s strategic “discipline” to achieve growth in turnover and profits during the six month period to August 31, 2019.
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Car Dealer News 3 Oct
Inchcape leaves Chinese market with £54m car dealership disposals
Inchcape has announced that its will leave the Chinese car retail market with the sale of its Lexus, Porsche and Mecedes-Benz dealerships in the country for over £54 million.
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Car Dealer News 17 SepLookers opens 63,600sq-ft Audi Farnborough showroom
Lookers Group claims to have created “a true destination for everything Audi” with the official opening of its new 63,600sq-ft car dealership in Farnborough.
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Car Dealer News 11 Sep
Inchcape generates £76m with Australian car dealership disposals
Inchcape has generated £76m with the disposal of six Volkswagen, BMW, Mini and Jaguar Land Rover (JLR) retail sites in Australia.
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Car Dealer News 10 Sep
Pendragon business restructure could include 1,300 redundancies
Pendragon could be poised to make 1,300 redendancies as part of a business restructure designed to stem its faltering financial performance.
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Latest News 6 SepMotorpoint founder's 11m shares sale sparks 15% value slump
Motorpoint’s share value slumped by over 15% after the car supermarket’s founder David Shelby sold 11 million shares “in connection with divorce proceedings”.
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People News 22 AugPendragon Vehicle Management welcomes Marc Samuel as B2B director
Pendragon Vehicle Management (PVM) has welcomed former Honda UK fleet sales operations manager Marc Samuel as its new director of B2B.
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People News 21 AugInchcape appoints Gijsbert de Zoeten as chief financial officer
Inchcape has appointed former LeasePlan chief financial officer Gijsbert de Zoeten as its own CFO following Richard Howes’ decision to leave the AM100 car retail group.
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Car Dealer News 16 Aug
Pendragon agrees £17.2m California Chevrolet dealership disposal
Pendragon has completed the £17.2 million disposal of its Chevrolet car dealership in Puente Hills, California.
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Car Dealer News 14 AugLookers implements £10m ‘remedial action plan’ ahead of FCA investigation
Lookers is investing £10 million over the next two years in a bid to deliver a “gold-plated” sales process ahead of the launch of an official investigation of the business by the Financial Conduct Authority (FCA).
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Car Dealer News 13 AugMarshall H1 pre-tax profits decline 9% despite strong performance
Marshall Motor Holdings has reported a 9% decline in pre-tax profits in its interim financial results to June 30, 2019 – despite outperforming the UK’s declining new car market.
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Car Dealer News 25 Jul
Inchcape targets ‘cost optimisation’ after Volkswagen and Audi disposals
Inchcape has said that it is targeting “revenue and cost optimisation” in the UK car retail market after its disposal of seven Volkswagen and Audi dealerships this week.
