US giant Lithia, which is valued at $8 billion (£6.5 billion) and also owns Jardine Motors in the UK, will buy Pendragon's dealerships for £250 million. Of that total, £240 million will then be returned to shareholders via a dividend.
Pendragon will then change its name to Pinewood, the name of its dealer management software business, and start a joint venture with Lithia to roll out the tech, which helps car salesmen manage their sales, across the "highly attractive" North American market.
この記事は Evening Standard の September 18, 2023 版に掲載されています。
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この記事は Evening Standard の September 18, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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