Steven Eagell Group has confirmed the acquisition of four Toyota and two Lexus car dealerships in the West Midlands from the Vantage Motor Group. Confirmation of the deal came in a statement issued by the AM100 franchised operator today (March 9) – five days after AM exclusively reported on the pending transaction. As reported by… Continue reading Steven Eagell Group confirms six-site Vantage Toyota and Lexus acquisition
Author: Automotive Manager Online News
Eden Motor Group acquires Hyundai Torbay dealership
Eden Motor Group has completed the acquisition and re-branding of Torbay Hyundai, taking its representation with the Korean carmaker to four sites. Reading-based Eden completed the acquisition on March 1 and opened for business in time for the start of the key 20-plate change over this week. Located on Barton Hill Road, in central Torquay,… Continue reading Eden Motor Group acquires Hyundai Torbay dealership
Cox Automotive UK acquires Bruntingthorpe operator C Walton Ltd
Cox Automotive UK has completed the acquisition of vehicle services provider and Bruntingthorpe operator C Walton Ltd, expanding its whole-life vehicle services offering with its biggest UK acquisition to date. The deal sees Cox acquire 100% of the share capital of C Walton Ltd (CWL), including its three locations in Bruntingthorpe (Leicestershire), Wyton (Cambridgeshire) and… Continue reading Cox Automotive UK acquires Bruntingthorpe operator C Walton Ltd
Vertu Motors completes £4m Vantage Kia and Honda acquisitions
Vertu Motors completed the £4 million acquisition of the Kia Bradford and Honda Bradford business from the Vantage Motor Group. Coming less than three months after Vantage was acquired in a management buy-out, the transaction will bring Vertu’s number of outlets in Yorkshire to 18. Robert Forrester, chief executive of Vertu Motors plc, said: “I… Continue reading Vertu Motors completes £4m Vantage Kia and Honda acquisitions
heycar acquires Honest John website from company administrators
Heycar has completed the acquisition of HonestJohn.co.uk just weeks after the consumer advice website slipped into administration due to “significant cash flow difficulties”. The online car buying marketplace said in a statement issued to AM this afternoon (February 18) that it hoped to cement its intention to “bring greater trust and transparency to the market”… Continue reading heycar acquires Honest John website from company administrators
EDF Energy acquires EV charging company Pod Point
Energy giant EDF has acquired electric vehicle chargepoint provider Pod Point in a deal worth £110 million. EDF already offers low-carbon electric vehicle tariffs and now plans to provide “quality installations” of charging solutions. Founded in 2009, Pod Point has rolled out 62,000 charging points in the UK and 6,600 in Norway. In 2018, it agreed a… Continue reading EDF Energy acquires EV charging company Pod Point
JLR chief executive Ralph Speth to step down in September
Jaguar Land Rover (JLR) chief executive Ralf Speth will step down when his contract ends in September. The 65-year-old is set to focus on a position on the board of Tata Sons, the holding company for JLR’s owner, and will remain in at the UK carmaker as a non-executive director as a specially-appointed committee begins… Continue reading JLR chief executive Ralph Speth to step down in September
Increased supply to ‘cut delivery times’ of Hyundai Kona Electric
Hyundai Motor UK has claimed that it will significantly ramp-up the availability of its Kona Electric EV in order to cut delivery times. Last May AM exclusively reported on Hyundai Motor UK’s offer of a short-term lease giving access to an Ioniq hybrid hatchback in a bid to mitigate the effects on long lead times… Continue reading Increased supply to ‘cut delivery times’ of Hyundai Kona Electric
Inchcape appoints BP’s Alexandra Jensen as non-executive director
Inchcape has appointed BP’s chief marketing officer, global retail and senior vice president, Alexandra Jenson, as a non-executive director. Jenson joined the AM100 car retail group’s Nominations Committee when she officially took up the post – her first non-executive directorship – yesterday (January 29). In her role with BP, Jensen chairs global retail strategy and… Continue reading Inchcape appoints BP’s Alexandra Jensen as non-executive director
Renault names Luca de Meo as new chief executive
Renault has appointed former Seat president Luca de Meo as its new chief executive more than a year after the departure of Carlos Ghosn from the brand. de Meo, who stepped down from his role at Seat earlier this month, will officially join the French carmaker in July as the business begins a drive to stem… Continue reading Renault names Luca de Meo as new chief executive