Darren Edwards retires. Raban joins Group 1. UHY acquired. VW profit warning. Lookers owner expands. Worst used car locations. Vertu drops 'ties!
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Sytner’s Darren Edwards retires. Mark Raban joins Group 1 as UK CEO. UHY Hacker Young acquired. VW issues a second profit warning. Lookers buys Danish import business. Worst places for used cars revealed. Vertu drops staff ties!
Motor Trade Radio: 5 October 2024, E61, S10
?If you enjoyed this week’s Motor Trade Radio podcast, powered by MOTORS, and want to dig deeper into our featured headlines, here are the links to all the stories.
EVENTS
Automotive Management Live! 13th November, NEC, Birmingham
VRA Annual Seminar on Wednesday, 27 Nov, at The Slate, Warwick University, will look at current and new industry issues in 2025.
HEADLINES
AM100 leader Sytner’s Darren Edwards to retire, successor named
After an illustrious 40-year career in the automotive industry, including two decades with Sytner Group and the last ten years as its chief executive, Darren Edwards has announced his retirement
Group 1 Automotive appoints Mark Raban as CEO of UK operations
US retailing giant Group 1 Automotive has appointed former Lookers’ chief Mark Raban to head its UK operations.
Raban exited Lookers at the end of last year after the business transitioned to private ownership in October following a ￡504 million deal by Canadian firm Alpha Auto Group.
领英推荐
Automotive accountancy firm UHY Hacker Young Manchester acquired
Automotive accountancy specialist UHY Hacker Young Manchester has been bought by Cooper Parry. The deal includes the automotive UHY team, headed up by Dave Kendrick, Paul Daly and Ian McMahon. Ade Cheatham, Cooper Parry CEO, said: “This deal confirms our ambition to create the UK’s next gen professional services group.
VW's second profit warning exposes an automaker in decline
VW faces new entrants including China’s BYD as well as a conflict with unions over possible job cuts and unprecedented plant closures.
European carmakers brace for a deeper and longer downturn
Profit warnings have come from a sector facing weak sales at home, intense competition in China and slowing EV demand
Lookers owner splashes out $1.2bn to buy Danish car import business KW Bruun
Global Auto Holdings has acquired 110-year-old Danish car import business Firm says it is part of its ‘expansion and consolidation’ plans in Europe Deal awaiting approval from Danish Competition and Consumer Authority
The worst places to buy a used car in the UK are revealed in new survey
Northampton is worst town in the UK to buy a used car Kingston upon Hull is the best place to go if you’re in the market for a second-hand vehicle Data was collected as part of a study by MoneyBarn Vehicle Finance
‘The Ties They Are A-Changing’: Vertu boss announces switch to traditional staff uniform
Vertu Motor Group has ‘severed ties’ with its traditional uniform Staff will no longer have to wear ties or scarves as part of their working attire Boss Robert Forrester says group has accepted that ‘times change’
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?We hope you enjoyed this week’s roundup of the big car retailing stories. Catch #AllTheChatterThatMatters?on Saturday mornings on the Motor Trade Radio podcast, powered by MOTORS.
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