MON MOTORS ACQUIRES RETAILERS FROM HERITAGE FURROWS IN £4.3M PROFIT CROWDSTRIKE MICROSOFT OUTAGE TO IMPACT RETAILER PAYROLL? ‘MOTORWAY SUCCEEDING WHERE CAZOO FAILED’ CHINA’S SECOND-LARGEST...

EV DISCOUNTS MOUNTING AS OEMS AIM FOR 22% MIX AUTO RETAIL LIVE BUSINESS BOOSTER CHIPPENHAM KIA ON SALE FOR £5m KIA EV EDUCATION AT RETAILERS US PUBLIC RETAILERS IN PROFIT PRESSURE 10 ASBURY RETAILERS...

AutoNation boss Mike Manley is expected to decide this week whether to ‘gatecrash’ the £500m takeover of Pendragon. Lithia Motors’ cash and shares deal is worth 35.4p and AutoNation could opt...

FRED MAGUIRE, INDUSTRY GIANT AND CHAIRMAN OF ARN AUTONATION DECISION ON PENDRAGON ‘EXPECTED THIS WEEK’ 2023 NEW ENTRANTS REPORT GOES LIVE HENDY GROUP IN £20M PROFIT KIA TO OPEN DERBY TRAINING...

AutoNation CEO Mike Manley is reportedly considering making a fresh bid for Pendragon, the UK’s second-largest auto retailer. An earlier AutoNation bid for 32p a share was rejected. US rival Lithia...

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...

Lithia Motors CEO Bryan DeBoer indicated last week he believes his company will win the bidding war for Pendragon. He said to BofA Securities analyst John Murphey he was confident Lithia “would be...

LITHIA ‘CONFIDENT’ ON PENDRAGON DEAL £6m LOOKERS CAR HUB PLANS GET GREEN LIGHT JCB MEDWAY TURNOVER UP, PROFIT STABLE PERRYS CHAIR RICHARD INGRAM STEPS DOWN TV SHOW FORCES USED CAR DEALER TO CLOSE...

AutoNation, one of America’s largest retail groups, has joined the race to takeover Pendragon with a 32 pence-a-share offer which matches the current bid from the combined forces of Hedin Mobility...

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...

Inchcape and Sytner last week reported contrasting views on the impact of agency in first-quarter trading updates. Inchcape reported overall revenue up 50%, with a 70% increase in distribution...

AGENCY: INCHCAPE AND SYTNER CONTRAST BRISTOL STREET BUYS CAZOO SITE TRADE CENTRE POSTPONES DEVELOPMENT PLANS £3bn M-B ‘DEFEAT DEVICE’ CLAIM LODGED IN HIGH COURT CARVANA CREDITORS OFFER DEBT FOR...

Mercedes-Benz is nearing its aim of exiting retail in the UK with the sale of most of its London franchises to Sytner Group. US giant Penske Automotive Group, which owns Sytner, is understood to have...

MERCEDES TO SELL LONDON SITES TO SYTNER RETAILER ROLE TO ‘COMPLETELY CHANGE’ FOR SMART COST OF LIVING CRISIS WILL IMPACT CAR SALES AUTO RETAILERS ON SUNDAY TIMES RICH LIST 2022 CARVANA WOES...

Influential Morgan Stanley equity analyst Adam Jonas has released a research note expressing caution over auto retailers because direct-to-consumer sales from Tesla and other EV start-ups pose a...

AUTO RETAIL STOCKS FALL ON MORGAN STANLEY BEAR COSTS RISK FROM ‘WORRYING’ LACK OF EV TECHNICIANS ASTON MARTIN RETAIL FOCUS BOOSTS PROFITABILITY BBC HIGHLIGHTS ONLINE CAR SALES ‘BOOM’ US...

ORA CAT: £25k CHINESE EV COMING TO UK RETAILERS MAGNESIUM CRISIS TO HIT CAR PRODUCTION ‘SOON’ TELEIOS EXITS PENDRAGON ‘GREENWASH’ WARNING FOR BUSINESSES CAZOO EXPANSION CONCERN GM TO BUILD EV...

  EXCLUSIVE: LEXUS-TOYOTA EAGELL ‘STORE IN STORE’ FIRST NEW FCA CLAMPDOWN LIKELY PENDRAGON SHAREHOLDERS REVOLT CINEMA TO BECOME CAR SUPERMARKET ARNOLD CLARK CHARITY AND CHARGE CAR DEALERS ARE...

For the second week running, senior auto industry execs have stepped up warnings to partners about the impact of the semiconductor shortage. Ford global production may fall 50% in Q2 as the chip...