Canada’s Alpha Auto, through its UK entity Global Auto Holdings, has increased its takeover offer for Lookers to 130p a share. Global Auto Holdings, referred to as Bidco, has also announced that the increased offer will switch to a takeover offer for Lookers. Today’s takeover offer differs from the original scheme offer in the way voting for […]
Read More →Inchcape JLR Preston says, despite speculation, an electric vehicle was not the cause of the huge fire it suffered back in April. It began in the top floor of the retailer, and was likely the result of an electrical fault. More than 60 firefighters and 10 fire engines attended the blaze. Lancashire Fire and rescue […]
Read More →Vantage Motor Group founder and former CEO (and ex-chairman of the UK National Toyota Council) Mark Robinson has taken a stake in award-winning tech business AutoComms Solutions. The firm is known for its AutoBuzz automated communications platform, which helps manage customers between placing a new or used car order, and taking delivery. Robinson, who exited Vantage in […]
Read More →Constellation, through its Cinch Holdco UK business, has withdrawn its support for the Alpha Auto’s bid for Lookers and now intends to vote against the deal. Constellation, parent company to Marshal Motors, Cinch, BCA and We Buy Any Car, owns a 19.2% share in Lookers. Canadian firm Alpha Auto Group initially made an offer of 120p a […]
Read More →As exclusively revealed by Auto Retail Agenda last weekend, Genesis has today announced its UK retail partners, following the luxury brand’s switch from direct sales to the agency model. Ancaster Group, Arnold Clark, Hendy Group, Holdcroft Group, Pendragon, Richmond Motor Group and Sinclair Group are the seven retail partners set to complement the three existing manufacturer-owned Genesis […]
Read More →Tom Kilroy, James Smullen and Charlotte Murray are confirmed as the speaking panel for the next Auto Retail Network webinar. Keyloop CEO Tom Kilroy, Waylands director James Smullen and Marketing Delivery commercial director Charlotte Murray will discuss the technology in retail revolution in an exclusive, free-to-join webinar which will take place on 27 July. Key […]
Read More →Mercedes-Benz Retail Group accounts for the year ended December 2021 were published last week. They showed a profit before tax of £29.9m. However, the retail group also voluntarily restated its 2020 results, after discovering mistakes. This saw loss increased from £19.7m to £20.3m. Mercedes-Benz Retail Group CFO Tim Schoeler has officially left the business. His […]
Read More →Retail new car demand for electric vehicles is not yet at a level where the industry will hit the government’s proposed 22% ZEV Mandate target for 2024, according to new research for sister publication Auto Retail Bulletin. The latest Auto Retail Barometer, which surveys industry sentiment every six months, reveals that more than 60% of […]
Read More →Ian Filby is to step down as Pendragon chair after less than two years in the role. The search for a successor is now underway. Ian, a veteran Boots executive and former chief of DFS, will remain in his non-executive chairman role until a replacement is found. The directorate change was announced ahead of Pendragon’s […]
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