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...

HENDY EXPANDS INTO STELLANTIS; PETER VARDY GROWS MG PERRYS REVENUE UP BUT PROFIT FALLS DALE WYATT: AUGUST NEW CAR SALES WILL BE UP 25% LOOKERS’ DUNCAN MCPHEE CONFIRMED FOR AUTO RETAIL LIVE SPOTICAR...

Lookers has reported a drop in underlying profitability and gross margins in the first half of 2023 following record figures for the past two years. The group’s underlying profit figure was down...

FORD PLANS TO HALVE DEALER NETWORK – AGAIN VERTU ADDS FORD IN NEWCASTLE CMS VAUXHALL CALLS ADMINISTORATORS AFTER £3.6m DISCREPANCY WORKER EMBEZZLES FROM LLOYD LAND ROVER STELLANTIS STARTS AGENCY IN...

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...

FORMER VANTAGE CEO MARK ROBINSON TAKES STAKE IN TECH BUSINESS EV ‘NOT TO BLAME’ FOR HUGE INCHCAPE JLR PRESTON FIRE LOTUS PICCADILLY OPENS THIS WEEK TOM KILROY, JAMES SMULLEN AND CHARLOTTE MURRAY...

Constellation, through its Cinch Holdco UK business, has withdrawn its support for the Alpha Auto’s bid for Lookers and now intends to vote against the deal. Lookers board has said it does not...

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...

AGENCY ‘YET TO BE FULLY TESTED’ GROUP 1 RETURNS SKODA TO COLCHESTER VAN MOSSEL JACKSONS DEAL WORTH £13.5m AWARD-WINNING HEYCAR AD WINS AIDS RETAILER RETENTION SONIC IN Q2 USED CAR HIT J.D. POWER:...

Lookers looks set to be bought by Canada’s Alpha Auto Group, via a UK entity called Global Auto Holdings, in a £465m deal. The deal by the privately owned Canadian retailer network was first...

Lookers has acquired of the business and assets of Chelmsford-based Waterhouse Cars in a deal which it says complements the group’s existing Volvo dealership in Colchester and adds 40 dedicated...

Off the back of strong results for 2022, and with raised expectations for 2023, Lookers has identified a number of key areas for growth for the year across the spread of activities, but with a focus...

HUGE FIRE AT JLR INCHCAPE PRESTON NO-WIN-NO-FEE LAWYERS TARGET CAR FINANCE UBS FORECASTS CAR PRICE PLUNGE – BUT LOOKERS’ MARK RABAN DISAGREES TRUST FORD WAKEFIELD TO CLOSE US TREASURY EV CREDITS...

Lookers has raised its 2023 forecast in its latest full-year financial results. During 2022 the group achieved an underlying pre-tax profit of £82.7 million, fractionally ahead of expectations but...

Waterhouse Volvo Essex is to be taken over by Lookers next month, Auto Retail Network has learnt. The Chelmsford retailer is owned by Richard Butler and opened in 1984. Waterhouse also has a...

PETER WADDELL IN 2021 LOSS DUE TO CARZAM LOOKERS TO TAKE OVER WATERHOUSE NFDA’S LOUISE WALLIS LEAVES WAYLANDS NAMES OFFICIAL EV CHARGING PARTNER JLR ENCOURAGES US RETAILERS TO GIVE UP ON JAGUAR...

With the long term impact of the transition to EVs on aftersales yet to be fully understood, retailers need to explore other, incremental revenue streams, and the long tail of ICE vehicles represents...

The Auto Retail Live Agency Conference will, on Thursday 26 January, tell you everything you need to know about agency in 2023. It will explore the latest developments, with key topics and issues...

Following launch parties and the press launch, deliveries of the electric GWM ORA Funky Cat are now underway. GWM stands for Great Wall Motors, the Chinese giant behind the ORA sub-brand; it’s...

CAZOO FORMER CFO CASHES OUT USED CAR MARKET ‘RECESSION-PROOF’ AGENCY AND USED CARS: ‘FEW BENEFITS, HIGH RISKS’ VOLKSWAGEN CREATES NEW SALES ROLES AS AGENCY ACCELERATES AUTO RETAIL PROFIT...