Editor’s Choice

Lookers has delayed the publishing of its financial results for the year to 31 December 2019 after finding “potentially fraudulent transactions” at one of its operating divisions. Lookers said the initial findings were “not material” within the context of the group but it was appointing an external investigator to look at the matter. The dealer group, rated two in the ...

Hyundai is addressing concerns raised by dealers over its deteriorating performance in the NFDA Dealer Attitude Survey, which was published today. A total of 31 brands took part in the survey. Hyundai was ranked lowest overall in the survey with a score of 3.2 out of 10, worse than six months ago when it scored 3.9. To put this in ...

Ford is to reduce its network of sales outlets in half over the next five years as it aims to improve the profitability of dealers. The Blue Oval met with its dealer network in Daventry today and yesterday to put the case for the phased restructuring. Ford currently has 395 car dealers and these will reduce to around 210-230 by ...

TrustFord has been ranked 20th on the Sunday Times Best Big Companies to Work For 2020. This is the fifth year running that the company has made the list. The only automotive company to be named to the list, it employs 3015 staff over 195 sites, with staff turnover of 27%. Staff is 76% men to 24% women, and the average ...

heycar has purchased the long established independent motoring advice HonestJohn.co.uk. At the start of 2020, HonestJohn.co.uk Limited entered administration. The deal was led by Miles Needham and Simon Carvill-Biggs, partners at specialist business advisory firm FRP in St Albans, following their appointment as joint administrators of HonestJohn.co.uk Limited on 7 January 2020. Mat Moakes, CEO of heycar in the UK, ...

Pendragon has appointed Bill Berman as CEO with immediate effect. Berman joined Pendragon as a non-executive director in April 2019, and since October 2019 has performed the role of interim executive chairman. He will continue to perform the role of chairman on an interim basis while the group recruits a permanent non-executive chairman.. Berman is a veteran retailer with 30 ...

The Financial Conduct Authority said that the introduction of the GAP rules in 2015 had gone some way to protection customers but there was still some way to go. In 2015 it started requiring firms that sell Guaranteed Asset Protection (GAP) insurance to give customers more information and allow them two days to consider the cover before buying it. “This ...

Isuzu is looking to fill eight open points in its UK dealer network, spread across SE, SW, Midlands, Scotland and NI. The pick-up specialist generated 4,770 sales, primarily to private and small business customers, last year from its 102 dealers. The group is a sponsor of Welsh Rugby Union. Part of IM Group, it majors on its 3.5 tonne towing ...

JCT600 is set to build a standalone, two-storey retail centre for Ferrari in Leeds. The new £9m showroom will be only the third in the UK to sport Ferrari’s latest corporate identity. It is the highest value project ever to be undertaken by the Yorkshire-based automotive retailer. Work is due to start on the development later this month (February), with ...

Lookers has appointed its finance boss Mark Raban as chief executive Officer and Cameron Wade as chief operating officer and director of Lookers, both with immediate effect. The two appointments fill the top posts at Lookers left vacant following the exit of CEO Andy Bruce and COO Nigel McMinn after a profits warning in November last year. Raban joined the ...