Pendragon CEO Trevor Finn is one year into a business strategic review, pushing hard on used cars, making specific investment cuts in its premium business and selling off its US arm In October last year Pendragon under CEO Trevor Finn announced a strategic review committing itself to reshaping the business, making specific cuts in premium brand outlets, expanding its used car and aftersales business, selling off its US division for £100m and expanding the Pinewood software and DMS business. For a CEO who has been heading up a plc for over 25 years, it raised ripples in the sector.By making these changes Finn argued that he would give better value to its shareholders. So, one year on, what has been achieved? Its latest results saw a weak performance in its UK motor division with pre-tax profits down 42% to £27.3m on turnover up 0.2% to £2.47bn for the half year to 30 June. On the premium side the company has made a number of moves, much of it the result of the £1bn … [Read more...] about MT Interview: Trevor Finn, CEO Pendragon
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A look back at the most talked about events of the year and the upcoming parties you don't want to miss By Amber Elliott Updated 10:01 am CDT, Thursday, September 13, 2018 Katherine Deffebach, left, and Anita Ramke with the Gold Men, at the Hotel ZaZa Memorial City VIP Opening Party. Katherine Deffebach, left, and Anita Ramke with the Gold Men, at the Hotel ZaZa Memorial City VIP Opening Party. Photo: Gary Fountain, For The Chronicle/Gary Fountain Gregg Ring, from left, with Mari and Bryan Glass at the Hotel ZaZa Memorial City VIP Opening Party. Gregg Ring, from left, with Mari and Bryan Glass at the Hotel ZaZa Memorial City VIP Opening Party. Photo: Gary Fountain, For The Chronicle/Gary Fountain Chair Hallie Vanderhider raised a record-breaking $1.4 million during this year's "Swan Lake" inspired Ballet Ball. She's pictured here with Fady … [Read more...] about Top 15 parties, luncheons and galas of 2018 so far, plus the best September and October events
In an exclusive interview with Motor Trader, Dave Hodgetts, managing director of Honda UK, speaks with Julian Buckley about a wide range of topics, including the national dealer network, Brexit, and the possible effects of GDPR on future sales Motor Trader: The last NFDA dealer survey highlighted a good performance for Honda. Were you happy with the results and what are your thoughts on Honda’s future performance?Dave Hodgetts: We were happy with that, we’d like to think we’re on an improving trend. We’ve put a lot of focus on the Honda network and we’re very concerned about protecting dealer profitability. Regarding future performance, the industry is getting tougher; profit margins, volumes, diesel are all pressing issues, but we think the market was at an unsustainable peak. So, much like the stock market [the FTSE made a record one-day loss the day before the interview], the decline was inevitable. But we’re talking regularly with our … [Read more...] about MT Interview: Dave Hodgetts, MD, Honda UK
Hyundai Elantra V generation body MD debuted in late November 2010 at the International Motor Show in Los Angeles. New Hyundai Elantra 5 sports a stylish design that is in compliance with current corporate style of the South Korean company, bearing the name of Fluidic Sculpture (flowing sculpture). Configuration and price Hyundai Elantra 2016. Equipment Price Engine Transmission Drive 1.6 Base MT $17,400 1.6 petrol (132 hp) Manual (6) front 1.6 Base AT $18,600 1.6 petrol (132 hp) Automatic (6) front 1.6 Active MT $18,800 1.6 petrol (132 hp) Manual (6) front 1.6 Active AT $20,100 1.6 petrol (132 hp) Automatic (6) front 1.8 Comfort AT $21,400 1.8 petrol (150 hp) Automatic (6) front Read also: new Hyundai i30 Unlike its predecessor, the new Elantra MD looks much more modern and attractive. Dimensions sedan changed somewhat: the length increased by 25 mm – up to 4530, the height was reduced by 45 mm – up to 1434, but remained the same and the width is 1775 mm. … [Read more...] about The new Hyundai Elantra sedan 2016 5-(MD), prices and equipment
Green vehicle sales are on the rise, and many automakers have announced plans to produce mostly hybrid and electric vehicles in the near future. With the future of the automotive industry becoming increasingly green, iSeeCars recently released a study ranking U.S. states in their green car adoption and their improvement from 2014 to 2017. The comprehensive study also analyzed green car adoption on a metropolitan area level and found that San Francisco-Oakland-San Jose led in green car sales for 2017 while Bakersfield, CA saw the most growth over the three-year period. iSeeCars.com analyzed over 22.5 million cars sold in 2017 (and over 17.8 million cars sold in 2014) to determine which states have the highest percentage of alternative-fuel vehicles (defined as hybrids, plug-in hybrids, and electric vehicles), and which states had the largest increases in green car adoption from 2014 to 2017. Overall, only 2.6 percent of vehicles sold in 2017 were green vehicles, … [Read more...] about Which Are the Top Areas for Green Car Adoption?