ARNOLD CLARK PROFIT FALLS FROM RECORD HIGH HOUSE OF LORDS DEMANDS ANSWERS ON ZEV MANDATE DAVID BECKHAM OPENS HR OWEN MASERATI HATFIELD VERTU STAYS IN BTCC FOR 2024 LISTEN AGAIN: AUTO RETAIL LIVE CAZOO...

Hedin Mobility Group and Sytner owner Penske have increased their offer for Pendragon to 32 pence a share in a bid to stop the takeover by US firm Lithia which owns Jardine Motors. The move comes two...

A second offer in three days for Pendragon has sent shares in the business up more than 12% and raised the prospect of a bidding war for the dealer group. The new offer of 28 pence a share for the...

US group Lithia has agreed to buy Pendragon’s UK auto retail and leasing operations, including the Evans Halshaw and Stratstone divisions, for £280 million. Under the agreement, the Pendragon PLC...

Vertu has, this weekend, added the Ford franchise in Newcastle, moving the brand into its former Vauxhall site to the west of the city centre. The Vauxhall operation has been moved to Westerhope, just...

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...

CAZOO HEAD OF OPERATIONS JAMES DOWER TO LEAVE MERCEDES-BENZ PLANS ‘SHOWROOM EVENT’ HARWOODS 2022 PROFIT DIPS TO £7.8m BARRETTS ‘NOT HAPPY’ ABOUT STELLANTIS BRAND CLOSURE INCHCAPE IN NEW...

Hearings for the High Court legal challenge to Pendragon software business Pinewood have begun. Justice Joanna Smith took application hearings last Wednesday and Thursday. Pinewood Technologies Asia...

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...

COLLINSON RETIRES FROM SYTNER PENDRAGON PINEWOOD COURT HEARINGS UNDERWAY STONEACRE ADDS ANOTHER MAXUS RETAILER 70 YEARS OF VOLKSWAGEN IN UK MERCEDES-BENZ WORLD PLUG GOODWOOD GAP LITHIA EYES FURTHER...

Long standing Pendragon COO Martin Casha has quit Pendragon and is to join Marshall Motor Group as CEO later this year. Casha is one of Pendragon’s longest serving directors and employees having...

Pendragon shareholders have voted to reject the firm’s annual report on directors’ renumeration. Only 43.5% voted in favour at last Friday’s AGM. “The board recognises the significant vote...

RETAIL EV DEMAND NOT HIGH ENOUGH FOR 22% TARGET PENDRAGON SHAREHOLDER REVOLT MARSHALL LOSES ANOTHER DIRECTOR VERTU OPENS NEW SITE IN OLD CAZOO RETAILER NEW VOLKSWAGEN UK HEAD OF NETWORK SALES FORD...

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...

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...

Odey Asset Management is understood to have sold the bulk of its stake in Pendragon last week. It offloaded over 5% of Pendragon on Thursday morning in a trade executed by investment bank Peel Hunt....

ODEY SCRAMBLES TO SELL PENDRAGON STAKE CARWOW TEAMS UP WITH VOLVO ON AGENCY WEST END KIA RELOCATES TO BUS DURING REDEVELOPMENT CAZOO COMPANY SECRETARY STEPS DOWN BUSY WEEK FOR VERTU FORD: RETAILER...

Pendragon has seen its full year underlying pre-tax profits for 2022 drop 30.6% to £57.6 million (from £83.0m in 2021) on a turnover of £3.62 billion (up 6.1%), slightly ahead of market...

NFDA SURVEY: AGENCY MODEL UNDER PRESSURE USED CAR PRICES ARE ON THE UP – AGAIN CAZOO ACCUSED OF ‘RUINING’ SUCCESSFUL BUSINESS DON’T MISS TUESDAY’S AUTO RETAIL LIVE BUSINESS BRIEFING CHINA...

Pendragon activist investor Palliser is demanding a boardroom shake-up in the wake of a failed £400m takeover bid. Palliser, which owns around 4% of Pendragon, is calling for three of its directors...