Many of us expected Q1 loses for Tesla last week, but I for one hadn’t anticipated such eye-wateringly bad figures. The firm lost over $700m in the first quarter of 2019, one of its worst quarterly results ever.
Growth in the UK van parc has been almost doubled that of cars since the start of the century as online shopping boosts retailers fortunes, Society of Motor Manufacturers and Traders (SMMT) research has found.
Pendragon’s new leadership team is conducting review of the car retail group’s operational and financial prospects as an interim management statement revealed Q1 pre-taxes losses which were ‘lower than expected’.
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