Motorline has trebled its Audi representation in Kent with the acquisition of a further two dealerships sites from Inchcape Retail. In addition to the Canterbury East Kent Audi business acquired from Inchcape Retail in June last year, the acquisition of the businesses in Maidstone and Tunbridge Wells increases Motorline’s Audi representation to three sites covering… Continue reading Motorline completes acquisition of Inchcape Audi dealerships
Author: Automotive Manager Online News
Sinclair Group acquires Pendragon’s Stratstone JLR Swansea dealerships
Sinclair Group has added its first Jaguar franchise and a second Land Rover dealership to its growing portfolio with the acquisition of Pendragon’s Stratstone Jaguar Land Rover Swansea businesses. The South Wales-based AM100 group joined the Jaguar Land Rover (JLR) fold in December last year with the acquisition of Likes Land Rover at Hay-on-Wye from… Continue reading Sinclair Group acquires Pendragon’s Stratstone JLR Swansea dealerships
Second own site acquired by body repairer Fix Auto
Crash repair firm Fix Auto has increased the number of company-owned bodyshops to two with the takeover of Ian Hughes Body Repair Centre in Colwyn Bay. The majority of the UK Fix Auto bodyshop network are franchisees, however the brand has begun buying and operating some of its own sites. Last summer it bought a… Continue reading Second own site acquired by body repairer Fix Auto
Motor factor group Autosupplies expands through acquisition
Rotherham motor factor Leisureways UK has been taken over by Autosupplies Group, which trades as Autosupplies (Chesterfield) and Butlers Automotive. The Autosupplies Group said the acquisition is a perfect fit as it continues to expand throughout Yorkshire and the East Midlands. The deal is expected to complete on October 1, but work has already begun… Continue reading Motor factor group Autosupplies expands through acquisition
Greenhous Group acquires Southampton’s Adams Morey
Greenhous Group has acquired £61 million turnover Adams Morey to grow its representation with Fiat vans and Daf Trucks and Ford van servicing. The Telford-based retail group rose from 15th to 14th in the AM100 rankings last month and looks set to continue its growth in 2019 following the new acquisition, which adds to its… Continue reading Greenhous Group acquires Southampton’s Adams Morey
AM100 newcomer Richmond Motor Group acquires Sparshatts Group
Richmond Motor Group has completed the acquisition of Sparshatts Group less than a fortnight after being named as the highest-placed newcomer to the AM100 ranking of the UK largest franchised car retailers. The Portsmouth-based group said in a statement issued today (July ) that the deal, which was brokered by MotorVise (Automotive) Ltd, would see… Continue reading AM100 newcomer Richmond Motor Group acquires Sparshatts Group
PSA Group delivers Ellesmere Port Brexit ultimatum as Ford cuts 12,000 jobs
PSA Group has said that its plans to produce the next generation Vauxhall Astra hatchback at Ellesmere Port are dependent on the final terms of Brexit and the acceptance of a “New Vehicle Agreement” by the Unite trade union. The French carmaker announced this afternoon that its plant in Russelsheim, Germany, will manufacture Astra and… Continue reading PSA Group delivers Ellesmere Port Brexit ultimatum as Ford cuts 12,000 jobs
Pendragon chief executive Mark Herbert to leave the business
Pendragon’s recently-appointed chief executive, Mark Herbert, will leave the business at the end of this month according to a statement issued via the London Stock Exchange. Herbert, who has been in-post for just three months since taking the helm from the former AM100-topping group’s founder Trevor Finn, will officially leave the group on June 30,… Continue reading Pendragon chief executive Mark Herbert to leave the business
BCA’s board approves takeover bid from private equity firm TDR
The board of BCA Marketplace has given its backing to a takeover bid from private equity firm TDR which values the group at £1.9 billion. The two companies reached agreement on the cash offer of 243p per share and said it is line with the value it disclosed last week when AM reported that TDR… Continue reading BCA’s board approves takeover bid from private equity firm TDR
Honda UK plans to cut up to 55 sites ‘in next two to three years’
Honda UK has opted to remove its volume-driven bonus targets as part of a strategic network restructure which could result in a 35.5% reduction in its UK dealer representation by 2022. It recently implemented a plan to reduce the number of its franchised sites by 10%. Now its head of car, Phil Webb, and head… Continue reading Honda UK plans to cut up to 55 sites ‘in next two to three years’