Livery Dole is set to be acquired in a management buy-out (MBO) that will formalise an employee share scheme at the Devon-based Mitsubishi Motor UK retailer.
Shares in Pendragon closed 1.3% up on Wednesday (January 23) after Swedish investment company Anders Hedin Invest bought a 9.24% share in the AM100’s former number one retail group.
French Finance Minister Bruno Le Maire has said that Nissan chairman Carlos Ghosn is “no longer capable of leading” fellow Alliance manufacturer Renault in light of his arrest amid allegations of financial misconduct.
Pendragon is set to review and restructure its franchised dealer operations after issuing a profit warning to the London Stock Exchange.
McLaren Technology Group and McLaren Automotive have merged to form the McLaren Group after former chairman Ron Dennis sold his share in the business for £275 million.
Pendragon chief executive Trevor Finn has been awarded a further 2.4 million shares in the business under the Company’s Long Term Incentive Plan.
Peter Johnson, non-executive chairman of Marshall Motor Holdings, has invested a further £37,500 in shares in the publicly listed dealer group.
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