AM Online -
Inchcape has appointed Stuart Rowley, a former chair and president of Ford Europe, as well as chief transformation & quality officer for the Blue Oval brand as its new non-executive director.
Rowley has joined the business with immediate effect and becomes a member of Inchcape’s audit and nomination committees upon appointment.
He recently retired from Ford Motor Company after more than 30 years' service.
Inchcape said Rowley brings a “deep understanding of the global automotive industry having begun his career as a finance leader before transitioning to general management, operations and strategy roles”.
Nigel Stein, Inchcape chairman, said: "Stuart's extensive global automotive experience will bring an informed perspective on the industry and will strengthen the skill set of the existing board.
“We are looking forward to working with him."
Motor Trader –
Vertu Motors is giving its support to the Somerset Cricket Museum’s digitalisation project.
A £500 donation will support the museum’s ongoing digitalisation project, which is making its extensive collection of cricket memorabilia more accessible through audio recordings for visually impaired visitors, preserving historic match footage, and creating a virtual tour of the site.
Since acquiring 32 dealerships in the South West from the Helston Garages Group in December 2022, Vertu Motors has formed a relationship with cricketers in the region, becoming an Official Partner of Somerset County Cricket Club men’s team and making history as the first shirt sponsor of its ladies’ team.
Car Dealer Magazine –
Bristol Street Motors has opened a Motornation used car dealership on the site of a former Cazoo showroom.
The Vertu Motors-owned dealer group says it has invested £200,000 in the site – which is located on Ventura Park Road in Tamworth, Staffordshire – and has created 11 new jobs.
Motornation Tamworth can display around 80 cars across the showroom and forecourt, and there’s also a new service centre with seven bays and the capacity to carry out ‘extensive’ refurbishment work, the company said.
Motornation is Bristol Street Motors’ used car brand, and the firm said the opening of the showroom demonstrates its ‘confidence in the demand for second hand vehicles in the area’.
Bodyshop Magazine –
ACIS has committed to plant a tree for each repair that the TrustFord group completes within its repairers.
Over 5,000 trees were planted on behalf of TrustFord in 2022, which equates to a carbon offset of 1.2 million kgs of CO2, or the equivalent of over three million miles travelled in a car.
Stuart Mustoe, chief executive officer of TrustFord, said, “I’m delighted that over 5,000 trees were planted in 2022 on behalf of TrustFord as part of our partnership with ACIS and its carbon offset programme. Being a good corporate citizen is one of our strategic goals and we are committed to creating an environmentally conscious culture throughout our organisation. We pride ourselves on our environmental credentials and will continue to build on these in the future to ensure we’re doing all we can to protect our environment.”
Motor Trader –
Bristol Street Motors has opened a Motornation used car dealership on the site of a former Cazoo outlet in Tamworth, following an investment of over £200,000.
The 80-car centre, on Ventura Park Road in the town of Tamworth, has created 11 new jobs, with more – including apprentices – in the pipeline.
A service centre has been created with bays for up to seven vehicles and extensive refurbishment work has been carried out internally.
Matthew Jones, general manager at Bristol Street Motors Motornation Tamworth, said:
“We are thrilled to have opened the doors of Bristol Street Motors Motornation Tamworth to the public. The first week was much busier than we expected, and so we’re now developing plans to increase the number of colleagues at the site.”
AM Online –
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.
The car dealer group has announced details of its long term incentive plan for Berman and Willis which, if all the targets were smashed, would grant Berman 4.6m free Pendragon shares worth around £815,000 at current prices and Willis 2.5m shares worth £448,000.
The vast majority of the duo's long term incentive, a 70% weighting, is dependent on Pendragon improving profitability - delivering at the end of 2025 a earnings per share result of 4.5p or a stretch target of 5.6p.
But 8% weighting has been applied to each of expanding new car representation and securing good used car gross profits - on target means two new OEMs dealerships opened and £220m used car gross profit.