US retail group Lithia Motors is in negotiations to buy Jardine Motors, according to Auto Retail Agenda sources. The deal is understood to be worth £300 million to the UK firm’s parent Jardine Matheson, according to Sky News. Confirming the negotiations, a spokesperson for Lithia said: “Lithia has a stated desire to expand into the […]
Read More →Bentley Motors has been recognised for the twelfth consecutive year as a UK Top Employer by the Top Employers Institute. Bentley is the only UK car manufacturer to be included in the list. Dr Karen Lange, member of the board for human resources, said: “Our people have been at the heart of our business for […]
Read More →Jason Cranswick has been named MD of Norton Way Motors. The role is in addition to his COO position at parent company Marubeni Auto Investment UK. Companies House data shows Cranswick was appointed on 17 October 2022, but only announced the position last week. Existing MD David Grainger has now retired after running the business […]
Read More →Lookers has issued a trading statement for the year to December 2022. The group has reported a stronger than expected performance. Underlying profit before tax for the full year ended 31 December 2022 will exceed £80m. This compares with £90.1m the previous year which included £9.8m of COVID support. CEO Mark Raban said: “We’ve enjoyed […]
Read More →Lloyd Motor Group is expanding its York operation, creating up to 25 more jobs as it continues its reinvestment in the area. The expansion is part of a number of recent successes for the motor group in York, alongside establishing a new customer contact centre. David McIntyre, Head of Business of Lloyd JLR York, said: […]
Read More →A substantial number of December registrations has helped Volkswagen retain its position as the UK’s best selling new car brand. This performance kept the Volkswagen brand ahead of its US rival, Ford. The German carmaker topped the rankings with 131,850 registrations despite a 10% full-year reduction in registrations. VW delivered 13,118 vehicles in December to […]
Read More →The owner of RRG and Norton Way, Marubeni Auto Investment, has completed the acquisition of a majority shareholding in three-site used car supermarket business HPL Motors Group. Headed by former Jardine and Cinch Director, Jason Cranswick, Marubeni Auto Investment is a UK subsidiary of the Tokyo-based Marubeni Corporation. The move sees the addition of used […]
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