Global Auto Holdings - Auto Retail Network

Auto Retail Agenda: 30 September 2024

LOOKERS OWNER IN NEW $1.2bn EU DEAL PROFIT DOWN AT GLYN HOPKIN BUT UP AT JCB MEDWAY DfT FIGURES SHOW EV INTEREST AT FOUR-YEAR LOW AVAILABLE CAR LOSS SWELLS TO £10.8m VERTU DITCHES TIES STELLANTIS...

Lookers may now cut 14.5% of its workforce

Lookers has warned it may cut around 945 jobs, or 14.5% of its total workforce, as part of an ongoing strategic review following its sale to Global Auto Holdings. In a previous statement in early...

Auto Retail Agenda: 2 January 2024

LOOKERS MAY NOW CUT 14.5% OF ITS WORKFORCE AVAILABLE CAR IN £7.3m 2022 LOSS GUMSHOE TAKES STAKE IN PENDRAGON OBE FOR TERENCE DONNELLY AUSTRALIA’S LARGEST RETAILER HACKED BUICK NETWORK HALVES AS...

Auto Retail Agenda: 18 December 2023

RETAILERS REACH OUT AFTER LOOKERS REDUNDANCIES STELLANTIS SWITCHES TO COUNTRY-BY COUNTRY EU AGENCY APPROACH RETAILERS LOSING MILLION IN ‘UNNECESSARY’ PRICE CUTS AUTO RETAIL LIVE ADVICE FOR 2024...

£504m Lookers Alpha Auto deal finalised

Alpha Auto Group affiliate Global Auto Holdings has completed its £504m deal to buy Lookers. The takeover of Lookers’ 147 retailers in the UK and Ireland formally closed last Friday. In its initial...

Auto Retail Agenda: 9 October 2023

AUTONATION TO LAUNCH NEW BID FOR PENDRAGON? £504m LOOKERS ALPHA AUTO DEAL FINALISED GROUP 1 AUTOMOTIVE UK IN £61.3m PROFIT THOMPSON FIRST MG SUDDENLY CLOSES JOIN AUTO RETAIL LIVE NEW ENTRANTS 2023...

Lookers approves takeover by Global Auto Holdings

Lookers shareholders have approved a takeover by Canadian firm Global Auto Holdings, with 91% voting in favour. Global Auto Holdings bid 130p per share, and this was approved by Lookers at a meeting...

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