Evans Halshaw’s first MG car dealership is to replace an existing Ford store in Grantham.
Pendragon’s multi-million pound sale of its dealerships and leasing businesses to Lithia & Driveway creates a business with considerable market influence.
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.
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.
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.
Pendragon has unanimously rejected an unsolicited and preliminary proposal by Hedin Mobility and Penske
