TDR Capital is in advanced talks to buy BCA Marketplace for £1.9bn. The Financial Times reported this morning (June 20) that shares in the remarketing specialist had jumped 22% to 237p following news of the potential acquisition this morning. BCA has confirmed discussions with TDR to buy it out at a price of 243p a… Continue reading TDR Capital in ‘advanced talks’ over £1.9bn BCA acquisition
Author: Automotive Manager Online News
Hybrids cut CO2 emissions more efficiently than EVs, testing reveals
The mass adoption of hybrid vehicles is the most efficient way to lower global vehicle CO2 emissions amid a shortage in the supply of batteries to full electric vehicles (EVs), according to Emissions Analytics. With automotive battery capacity currently scarce, expensive and suffering supply problems, the deployment of this limited resource is critical to maximising… Continue reading Hybrids cut CO2 emissions more efficiently than EVs, testing reveals
FCA Group merger could have ensured Renault’s ‘durability’
The French finance minister has described a potential merger between FCA Group and Renault as a “good opportunity” as signs began to emerge that politicians could attempt to reignite merger talks. The comments came just five days after it emerged that FCA Group had withdrawn its proposal of a “transformational” €33 billion merger with Renault… Continue reading FCA Group merger could have ensured Renault’s ‘durability’
Caffyns appoints Stephen Bellamy as non-executive director
Caffyns has appointed Stephen Bellamy as a new independent non-executive director and chairman of the board’s Remuneration Committee. Bellamy, who will also be a member of the AM100 PLC’s Audit Committee and Nominations Committee, will join Caffyns on June 18 and replaces Nick Hollingworth. Hollingworth served 11 years as a non-executive direct oar Caffyns and… Continue reading Caffyns appoints Stephen Bellamy as non-executive director
FCA Group proposes €32.6bn merger with Renault
Fiat Chrysler Automobiles has proposed a €32.6 billion (£28.3bn) all-share merger with Renault to forge a new alliance that could save the Italian carmaker “in excess of €5 billion”. Following the announcement of the proposal yesterday (May 27), shares in Renault, which began Monday with a market value of almost €15 billion, surged 13.8% in early… Continue reading FCA Group proposes €32.6bn merger with Renault
‘No truth’ to PSA Group takeover rumours, says JLR owner Tata Motors
Jaguar Land Rover has said that there is ‘no truth’ to rumours that it was on the verge of an acquisition by French car manufacturing giant, the PSA Group. JLR issued an official statement regarding a potential tie up with the Peugeot, Citroën and DS Automobiles owners, which also added Vauxhall to its roll call… Continue reading ‘No truth’ to PSA Group takeover rumours, says JLR owner Tata Motors
Heritage Automotive acquires Blade Motor Group and Blade Motorcycles
Heritage Automotive has grown its Volkswagen Group representation and its presence in the motor-cycle sector with the acquisition Blade Motor Group and Blade Motorcycles for an undisclosed sum. Three Skoda, two Seat and Audi, Volkswagen and Honda dealerships are part of the acquisition which grows the AM100’s 86th-placed, £155 million turnover car franchise group’s influence… Continue reading Heritage Automotive acquires Blade Motor Group and Blade Motorcycles
Chapelhouse acquires three dealerships from Bolton Car Company
Chapelhouse Motor Group has completed the acquisition of three motor retail sites from Bolton Car Company for an undisclosed sum. Taking its number of sites to nine, £58.7 million (2018) turnover Chapelhouse has taken on BCC’s Suzuki franchises in Bolton and Blackburn and its Citroen franchise in Wigan. Chapelhouse Group operations director, Chris Layton, said:… Continue reading Chapelhouse acquires three dealerships from Bolton Car Company
Hendy Group set to scale AM100 with Westover Group acquisition
Hendy Group expects to scale the AM100 with a turnover of over £1 billion following its acquisition South Coast-based Westover Group. Hampshire-based Hendy should add considerably to the £555 million revenue it achieved in 2017 to climb into the AM100’s top 15 (2018: 29th) with the acquisition of 46th-placed Westover, which achieved a turnover of… Continue reading Hendy Group set to scale AM100 with Westover Group acquisition
Fix Auto UK acquires Daventry repair centre
Fix Auto UK has announced that it acquired its first wholly-owned independent repair centre, formerly Daventry Panel Craft. The 10,000 square foot bodyshop will transition to Fix Auto Daventry and follows the business taking a majority share in existing franchisee Fix Auto Goole in 2018. Fix Auto UK’s director, Ian Pugh (pictured), said: “I’m pleased to… Continue reading Fix Auto UK acquires Daventry repair centre