Pendragon
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Acquisitions and deals 1 FebPendragon deal boosts Lithia’s firepower in UK market
Pendragon’s multi-million pound sale of its dealerships and leasing businesses to Lithia & Driveway creates a business with considerable market influence.
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Car Dealer News 31 JanLithia takeover of Pendragon dealerships due to complete today
Today is the date that the deal between America's Lithia and Driveway and AM100 dealer group Pendragon is expected to be completed. leaving Lithia in charge of nearly 200 franchised dealerships in the UK.
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Car Dealer News 29 DecThe FCA rules on Pendragon sell-off to Lithia
The Financial Conduct Authority has given the go-ahead for US-based Lithia Motor's takeover of the motor retail part of Pendragon, including its Pendragon Finance and Insurance Services Limited business.
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Car Dealer News 30 NovPendragon's Porsche dealerships to offer Andersen A2 home chargers
Andersen EV is to partner with Stratstone Porsche Centres in the Midlands and North West to help more customers make the switch to electrification.
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Dealer profiles 8 NovStock market listed car dealer groups are becoming an endangered species
With Lookers and Pendragon the subjects of acquisition, the listed UK motor retailer is fast becoming a rarity. Tom Seymour consults the experts
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Car Dealer News 18 Oct
AutoNation pulls out of Pendragon bidding race
American motor retailer AutoNation said on Tuesday it had withdrawn its offer for Pendragon only weeks after Hedin Mobility and PAG International also dropped their joint bid.
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Car Dealer News 9 OctEyes now on AutoNation for Pendragon counter-bid
Reports suggest that America's AutoNation car dealer group is considering increasing its bid for Pendragon to snatch it from rival Lithia Motors.
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Car Dealer News 4 OctInternational bidder drops out of Pendragon takeover saga
One of the potential suitors of Pendragon, the UK car dealer group at the centre of takeover talks with several prospective buyers, has publicly backed out.
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Car Dealer News 2 OctLithia adds an extra £117 million to its Pendragon acquisition offer
America's Lithia Motors has increased its acquisition offer for Pendragon by 42%, another £117 million, taking the amount being offered for all its Stratstone, Evans Halshaw, Carstore and PVM motor businesses up to £367 million.
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Car Dealer News 27 Sep
Profits rise for Pendragon despite economy woes
Pendragon, the owner of the Stratstone, Evans Halshaw and Car Store brands, has delivered a positive set of trading results revealing pre-tax profits rising 10.6% to £36.4 million in the six months to June 30.
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Car Dealer News 27 Sep
USA's Auto Nation joins Lithia, Penske and Hedin in Pendragon takeover battle
American motor retailer AutoNation has now joined the bidding war for Pendragon, with its own 32p per share pitch matching the revised offer proposed by its US rival Lithia.
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Car Dealer News 22 Sep
Hedin and Penske now raise their takeover after Pendragon shrug off
A second pitch from Anders Hedin and Roger Penske's dealer groups to acquire Pendragon in its entirety has upped their offer from 28p per share to 32p per share.
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Acquisitions and deals 21 Sep
Pendragon rejects new £391m bid by Sytner parent and Sweden’s Hedin
Pendragon has unanimously rejected an unsolicited and preliminary proposal by Hedin Mobility and Penske
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Acquisitions and deals 18 Sep
USA's Lithia Motors to buy Pendragon in £250m deal to become UK's 2nd biggest dealer group
US-based Lithia Motors could be set to take over Pendragon's dealership and leasing businesses in a £250 million deal which would leave Pinewood, Pendragon's software division, behind as a standalone entity retaining Pendragon's stock market listing.
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Car Dealer News 20 Jul
Pendragon continues to strengthen profits in 2023
A trading update by Pendragon has reported a "robust performance" in the first half of 2023, despite the headwinds of rising interest rates and inflation.
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Car Dealer News 11 JulPendragon boss gets new targets for carbon reduction, management diversity and OEM expansion
Reducing Pendragon's carbon emissions by 5%, increasing female representation in management positions and bringing at least two new OEMs on board are among the three-year targets set for the AM100 dealer group's chief executive Bill Berman and chief financial officer Mark Willis.
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Car Dealer News 7 JulNew chief executive revealed for Marshall Motor Group
The new chief executive of AM100 car dealer Marshall Motor Group has been revealed to be Pendragon veteran Martin Casha.
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Car Dealer News 30 JunPendragon needs to find a new chairman
Car dealer group Pendragon, which trades as Evans Halshaw and Stratstone, is beginning the search for a new chairman of the board. Ian Filby is leaving.
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Car Dealer News 24 MayPendragon opens Porsche Nottingham destination showroom
Pendragon has opened its new 11,200 square metre “destination Porsche” centre in Nottingham.
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Car Dealer News 19 AprPendragon’s ‘strong start’ to 2023 delivers 23% rise in pre-tax profits
Pendragon’s board expects the AM100 car retail PLC to “comfortably outperform” its previous expectations for 2023 after delivering a 23% rise in underlying pre-tax profits during Q1.
