RETAILER TARGETED BY ‘CAR CANNIBALS’ BIZARRE’ OPENING DELAY FOR BARNETTS LEXUS TOYOTA CONSTELLATION UPS VERTU STAKE, HEDIN CUTS PENDRAGON HYUNDAI NAMES OHME OFFICIAL CHARGING PARTNER HERTZ TO...
Read moreAutoNation 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...
Read moreAUTONATION 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...
Read moreLithia 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...
Read moreLITHIA ‘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...
Read moreCOLLINSON RETIRES FROM SYTNER PENDRAGON PINEWOOD COURT HEARINGS UNDERWAY STONEACRE ADDS ANOTHER MAXUS RETAILER 70 YEARS OF VOLKSWAGEN IN UK MERCEDES-BENZ WORLD PLUG GOODWOOD GAP LITHIA EYES FURTHER...
Read moreLong standing Pendragon COO Martin Casha has quit Pendragon and is to join Marshall Motor Group as CEO later this year. Casha is one of Pendragon’s longest serving directors and employees having...
Read moreIan Filby is to step down as Pendragon chair after less than two years in the role. The search for a successor is now underway. Ian, a veteran Boots executive and former chief of DFS, will remain in...
Read morePendragon activist investor Palliser is demanding a boardroom shake-up in the wake of a failed £400m takeover bid. Palliser, which owns around 4% of Pendragon, is calling for three of its directors...
Read moreEuropean dealer group Hedin has abandoned its takeover bid for Pendragon due to “challenging market conditions and uncertain economic outlook”. Pendragon announced it had received a second...
Read moreTrevor Finn has been confirmed as one of the backers of the Hedin Mobility Group takeover offer of Pendragon. He holds a 1.22% stake. Anders and Helena Hedin are also named, along with HHS Invest AB....
Read moreMOTORPOINT WARNS ON PROFITS CONFIRMED: TREVOR FINN IS BACKING HEDIN PENDRAGON DEAL CHINA NEW ENTRANT NIO IN 2023 UK LAUNCH NEW ENTRANTS REPORT OPEN FOR ORDERS INCHCAPE LAUNCHES BRAVOAUTO IN AUSTRALIA...
Read moreEuropean dealer group Hedin has made a 29p-a-share takeover bid for Pendragon. The £400 million bid matches the one supported by the UK group’s board earlier this year understood to have been made...
Read moreFRIDAY’S AUTO RETAIL LIVE TO BE A ‘FISCAL EVENT’ AUTO RETAILERS APPROACH SYSTEMS OVERLOAD LOUIS VUITTON TO LOWER THERMOSTAT IN SHOPS RETAILERS SUE ASTON MARTIN CONFIGURATOR TECH FIRM SUES...
Read moreLITHIA BEHIND PENDRAGON TAKEOVER BID CAZOO, CARGIANT ‘PUTTING WRECKS BACK ON THE ROAD’ GREENHOUS IN £4.8m PROFIT NFDA’S FUTURE OF AUTO RETAIL AT BRITISH MOTOR SHOW EMIL FREY TO DISTRIBUTE...
Read moreMystery surrounds last week’s bid for Pendragon that had to be turned down after one of its top five shareholders blocked the 29p-a-share approach. The board-approved offer came just four months...
Read moreMYSTERY SURROUNDS PENDRAGON TAKEOVER REJECTION RETAILERS HELP VW FINANCE 100K USED CARS SO FAR MERCEDES-BENZ WARNS ON COUNTERFEIT PARTS BMW SAYS CHIPS ARE DOWN FOR REST OF 2022 CARVANA FOLLOWS CAZOO...
Read morePendragon faces its third successive shareholder revolt over executive pay at its AGM on 21 June. Shareholder advisory group Glass Lewis says management rewards are “inappropriate” and is...
Read moreCARZAM GOES BUST PENDRAGON FACES AGM PAY SHOWDOWN YEOMANS ACQUIRES NISSAN’S OLDEST UK RETAILER CAFFYNS TO HONOUR 1981 MGB FREE SERVICE FORD TO REWORK RETAILERS WITH “BRUTAL” STANDARDS...
Read morePendragon, which today reported an annual pre-tax profit of more than £80 million, is under pressure to explain why it didn’t reveal a £400m takeover bid from Europe’s Hedin Group. Shares in the...
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