Close Menu
I Really Like This Car
  • Automobile
  • Automotive
  • Design
  • Self Driving
  • Luxury
  • Supercar
  • EV
  • Motorcycle
  • Exclusives

Subscribe to Updates

Get the latest creative Articles from I Really Like this Car about Automotives & Supercars.

What's Hot

Indian Motorcycle Malaysia official brand launch

June 22, 2025

This Was The Last Carbureted Engine Sold Latest In America

June 22, 2025

Why Ford thinks its Ranger PHEV doesn’t need a much bigger battery than Shark 6, Cannon Alpha

June 21, 2025
Facebook X (Twitter) Instagram
I Really Like This Car
HOME Login
  • Automobile

    Indian Motorcycle Malaysia official brand launch

    June 22, 2025

    This Was The Last Carbureted Engine Sold Latest In America

    June 22, 2025

    Why Ford thinks its Ranger PHEV doesn’t need a much bigger battery than Shark 6, Cannon Alpha

    June 21, 2025

    TNB recent electricity tariff calculation from July 2025

    June 21, 2025

    NYC Mayoral Candidate Zohran Mamdani Receives Automotive Bomb Death Threat Despite Not Owning A Automotive

    June 20, 2025
  • Automotive

    7 Essential Accessories for Skilled Automotive Hauling : Automotive Addicts

    June 21, 2025

    Stop-drive order issued for Citroën C3, DS 3 models over airbag risk

    June 21, 2025

    EV Prices: Up for Used, Down for Recent in May – Green Fleet

    June 20, 2025

    Holden Group launches latest Renault, Dacia dealership in King’s Lynn

    June 19, 2025

    The Double-Edged Sword of AI in Fleet Operations – FleetTakes

    June 19, 2025
  • Design

    Designing body kits and accessories

    April 11, 2025

    Designing for a startup automotive company

    February 18, 2025

    Our recent drive luggage website driveluggage.com shall be up and running in April.

    January 15, 2025

    Enhance your drive experience with bespoke automotive luggage |

    December 18, 2024

    Designing for an iconic marque

    December 11, 2024
  • Self Driving
  • Luxury
  • Supercar
  • EV
  • Motorcycle
  • Exclusives
I Really Like This Car
Home»Automotive»The FCA rules on Pendragon sell-off to Lithia
Automotive

The FCA rules on Pendragon sell-off to Lithia

adminBy adminDecember 29, 2023No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Financial Conduct Authority has given the go-ahead for US-based Lithia Motor’s takeover of the motor retail a part of Pendragon, including its Pendragon Finance and Insurance Services Limited business.

Lithia’s acquisition is now expected to finish on January 31, 2024 – a date which will mark the start of the transformation of Pendragon into Pinewood Technologies, a pure-play software business, which operates the corporate’s dealer management software business.

And this business will enter a strategic partnership with an entirely owned subsidiary of Lithia Motors, to provide a foothold for the Pinewood DMS in North America.

Following completion of the transaction, Pendragon confirms its intention to return a money amount such as roughly 24.5 pence per unusual share to shareholders by the use of a special dividend which is now expected to be paid in Q1/Q2 2024.

The board of Pinewood Technologies can be joined by two Lithia executives: Chris Holzshu, chief operating officer, and George Hines, chief technology officer, in non-executive director roles.

Mark Willis will step down as director and chief financial officer of the Pinewood Technologies and his successor can be Oliver Mann.

This Article First Appeared At www.am-online.com

FCA Lithia Pendragon rules selloff
Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleChinese electric automaker BYD is about to outsell Tesla this yr. Here’s the way it’s winning the race against Elon Musk.
Next Article Daihatsu Admits It Forged Crash Test Results For 30 Years
webmaster
admin
  • Website

Related Posts

7 Essential Accessories for Skilled Automotive Hauling : Automotive Addicts

June 21, 2025

Stop-drive order issued for Citroën C3, DS 3 models over airbag risk

June 21, 2025

EV Prices: Up for Used, Down for Recent in May – Green Fleet

June 20, 2025

Holden Group launches latest Renault, Dacia dealership in King’s Lynn

June 19, 2025
Leave A Reply Cancel Reply

Demo
Interesting Picks

Ferrari 296 Speciale Redefines Hybrid Supercar Speed with Track-Ready Focus : Automotive Addicts

April 29, 2025

Mercedes-Benz G-Class Past II Future is a heritage-inspired limited edition

October 19, 2024

Hyundai Elantra N could form basis for a race series within the U.S.

November 6, 2023

Singer’s Recent 911 Carrera Coupe Proves the Hype Was Justified All Along : Automotive Addicts

May 2, 2025
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Automobile

Indian Motorcycle Malaysia official brand launch

By Mohan K RamanujamJune 22, 20250

Being re-introduced into Malaysia is Indian Motorcycle, during a brand launch event in Petaling Jaya.…

This Was The Last Carbureted Engine Sold Latest In America

June 22, 2025

Why Ford thinks its Ranger PHEV doesn’t need a much bigger battery than Shark 6, Cannon Alpha

June 21, 2025

7 Essential Accessories for Skilled Automotive Hauling : Automotive Addicts

June 21, 2025
About Us
About Us

At ireallylikethiscar.com, we are passionate about all things automotive. Whether you're a fan of supercars, electric vehicles, or simply have a deep appreciation for the beauty and engineering of automobiles, you've come to the right place.

Interesting Articles

Top Fleets for Video Telematics – Vehicle Research

December 3, 2023

Trackside At The 2024 Nismo Festival

December 5, 2024

One-off 1997 Saab 900 EX prototype headed to auction

September 23, 2023
New Comments
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer
    © 2025 I really Like This Car. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.

    We are using cookies to give you the best experience on our website.

    You can find out more about which cookies we are using or switch them off in .

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?
    I Really Like This Car
    Powered by  GDPR Cookie Compliance
    Privacy Overview

    This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

    Strictly Necessary Cookies

    Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

    If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.