Marshall Motor Holdings has completed the acquisition of Jardine Motor Group’s Volkswagen dealership in Aylesbury. The deal forms part of Marshall’s December 2019 acquisition of eight VW locations from Jardine and cements the AM100 2019’s seventh-placed retail group as the UK’s largest Volkswagen Group retailer. Marshall’s December acquisitions included Jardine’s Harlow, Letchworth, Loughton, Milton Keynes… Continue reading Marshall completes acquisition of Jardine Aylesbury VW dealership
Author: Automotive Manager Online News
Pendragon plans job cuts and leadership changes
Pendragon has begun a consultation over redundancies as it plans to reformat its leadership and management structure. While the former AM100-leading motor retail group denied that any large-scale redundancies would be taking place, an AM source said a consultation had opened over “a small amount of leadership roles” within the business. AM understands that a number… Continue reading Pendragon plans job cuts and leadership changes
Arrested: former Audi executive wanted over US dieselgate charges
Croation officials have arrested former Audi executive Axel Eiser in connection to conspiracy charges related to the Volkswagen dieselgate scandal in the US. The New York Times reported that the arrest of Eiser as part of the investigation in into Volkswagen’s alleged conspiracy to evade US clean air laws was a sign that authorities continue… Continue reading Arrested: former Audi executive wanted over US dieselgate charges
Vertu Motors announces acquisition intention in 2019 financial results
Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown. Group chief executive, Robert Forrester, told AM “there’s no point being pessimistic” as he discussed the results of the group’s financial year to… Continue reading Vertu Motors announces acquisition intention in 2019 financial results
Renault plans 17.5% production cut to save £1.8bn by 2024
Renault has laid out plans to implement 14,600 job cuts as it reduces its global vehicle production output by 17.5% in a bid to save £1.8 billion by 2024. A day after Alliance partner Nissan announced the transformation of its global manufacturing operations and an accompanying reduction in its model range, Renault revealed similar steps… Continue reading Renault plans 17.5% production cut to save £1.8bn by 2024
Almost half of car dealers made job cuts in first month of COVID-19 lockdown
Six-in-10 car retailers believe that prolonged grants and support from Government are required to support the automotive retail sector through the COVID-19 coronavirus crisis as redundancies begin. A survey conducted by Close Brothers Motor Finance found that 61% thought the ongoing support would be necessary, with just over half (53%) calling on manufacturer support as… Continue reading Almost half of car dealers made job cuts in first month of COVID-19 lockdown
Car dealers’ lockdown financial burden may grow with furlough cuts
Generous car retail businesses who promised to exceed the 80% salary funding cap of the Government’s Coronavirus Job Retention Scheme (CJRS) will face an increased financial burden if support is cut to 60%. The Chancellor of the Exchequer, Rishi Sunak, is expected to extend the CRJS scheme to September in a live press conference which is expected… Continue reading Car dealers’ lockdown financial burden may grow with furlough cuts
Auto Trader Insight: cutting through the uncertainty of COVID-19
Advertisement feature from Auto Trader At a time of uncertainty, information is vital There’s no doubt that the impact of this coronavirus (COVID-19) outbreak has changed the retail landscape, and its effects will be felt for a long time to come. Whilst no one can predict when things will return to ‘normal’ at a time… Continue reading Auto Trader Insight: cutting through the uncertainty of COVID-19
Car retail suppliers cut fees to offer coronavirus business support
The AA, eBay Motor Group and JudgeService are among the latest suppliers to cut fees and offer free services in a bid to help the car retail sector through the COVID-19 coronavirus outbreak. While the AA cut its fees for April and May by 50%, eBay Motors Group – including Gumtree Motors, eBay Motors and… Continue reading Car retail suppliers cut fees to offer coronavirus business support
Hills Automotive acquires Savilles Garage in Kidderminster
Ford retailer Hills Automotive has expanded its used car and commercial vehicle operations into a new location with the acquisition of the Savilles Garage car dealership at Mustow Green, Kidderminster. Adding a third retail location to its existing Ford of Britain franchised sites in Malvern and Kidderminster, AM Awards 2020’s Best in Customer Service award winner,… Continue reading Hills Automotive acquires Savilles Garage in Kidderminster