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...Last week car distributor Inchcape sold its UK dealerships for £346mn....
...The company plans to keep its three dealership sites in Poland, which it will absorb into the distribution arm of its business....
...Pendragon, one of the UK’s largest auto retailers, will sell all of its car dealerships for £280mn and focus on software, ending a period of tumult at the group that saw attempts to sell itself scuppered...
...start as the financing arm of carmaker General Motors, has been without a permanent chief executive since late last year, when Jeffrey Brown announced he was leaving the lender to become the head of auto dealership...
...which got its start as the financing arm of carmaker General Motors, has been without a permanent CEO since late last year, when Jeffrey Brown announced he was leaving the lender to become the head of auto dealership...
...Lithia initially approached Pendragon about buying its car dealership business for £280mn last September....
...Pendragon, one of the UK’s largest automotive retailers, is to sell all of its car dealerships for £280mn and focus on software, ending a tumultuous period in which the company’s attempts to sell itself...
...It has offered to buy Pendragon’s UK cars business for £250mn It would also inject £30mn of capital into a division that sells software for car dealerships, securing a 16.7 per cent stake....
...The biggest business controlled by Hankey’s The Hankey Group, Westlake Financial, is the US’s largest lender to independent, and often used, car dealerships, allowing the dealers to offer loans directly...
...There are plenty of new Jeeps and Ford Broncos for sale at Jay Darling’s dealerships. At least for now....
...It is on track for more than 100 dealerships in the country by next year....
...He faced criticism in the British press last year when it emerged his Caterpillar dealership, Unatrac, was supplying machinery to Russia’s oil and gas industry despite sanctions imposed after President Vladimir...
...the spate of UK deals show that the country’s dealerships were undervalued by stock market investors....
...US car retailer AutoNation has offered to buy Pendragon, setting up a three-way bidding war for one of the UK’s largest car dealerships....
...The Associated Press called the three-way Republican primary for Moreno, a former luxury car dealership owner, just over an hour after the polls closed on Tuesday night....
...Car finance accounts for about 5 per cent of household lending, while banks backed about 40 per cent of all UK dealership car finance loans as of 2017, according to JPMorgan analysts, with the rest accounted...
...The Hankey Group’s biggest business, Westlake Financial, is the US’s largest lender to independent, and often used, car dealerships, allowing the dealers to offer loans directly to car buyers at the time...
...“We’re talking about the cars used by Mr and Mrs Everybody here,” Xavier Horent, head of dealership lobby group Mobilians, told BFM TV before the results were announced on Sunday....
...Doug Eroh, president of the Longo Toyota dealership in suburban Los Angeles, said hybrids’ share of its sales more than doubled from 2019 to 42 per cent last year and he expected them to total “well over...
...Pressure on the 167-year-old dealership had mounted after its shareholder, Phoenix SG Limited, financed the purchase of the 1856 British Guiana one-cent magenta stamp, described by the group as the “Holy...
...The tax credits, which allow buyers to claim the credit at participating dealerships at the point of sale, had succeeded in cutting the price of popular EV models to levels comparable to petrol counterparts...
...Meanwhile, in the corner of a Tesla dealership near you, a mocked-up Optimus is surveying with unseeing eyes the deserted shop floor: Further reading:— Putting a price on Tesla post Musk (FTAV)— Tesla’s...
...News that banks have been sounding out investors for Sotheby’s, owned by billionaire investor Patrick Drahi, raises the question of how profitable these polished dealerships actually are....
...He funded his early work by running a Japanese antiques dealership and had his first break in photography thanks to the Museum of Modern Art....
...The acquisition by Berkshire, whose related interests include car insurer Geico and dealership Berkshire Hathaway Automotive, was regarded as a vote of confidence in the US economy and more particularly...
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