Aston Martin’s decision to raise £120m in senior secured bonds in a move which will see it paying 12% interest has been described as an “all-or-nothing rescue attempt” by the Financial Times.
Pendragon could be poised to make 1,300 redendancies as part of a business restructure designed to stem its faltering financial performance.
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”.
Lookers has said that it is “cooperating fully” with the Financial Conduct Authority (FCA) as the regulator announced that it was commencing an investigation into the car retail group’s sales process.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues