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5 people found this useful Inchcape has confirmed that its London Stock Exchange listing has been reclassified to remove reference to retail as it disposed of 13 UK dealership locations as part of a renewed focus on distribution in 2020. In annual financial results published this morning (February 25) the AM100 PLC reported that overall group revenues had fallen 25%, from £9.38 billion to £6.34bn, in a COVID-19 impacted year, as pre-tax profits slumped 131.8% to a statutory loss of £128m (2019: £402m profit). But the business, which claimed government support totalling £30m as a credit against employee costs and £3m as a credit against other operating expenses, along with £7m in deferred tax, was able to improve its cash position and propose a dividend payment as it focussed on a distribution-focussed strategy offering âattractive growth prospectsâ. ....
Nissan makes three new appointments to support EV sales Nissan has appointed Andrea Patti, Liz Redmayne and Alex Edmond, to help support the sale of electric vehicles (EVs) to UK fleets. The three join the team from other roles within Nissan and will report to fleet director, Peter McDonald. Moving from his previous position as commercial vehicle category manager, Patti will become Nissan’s new national corporate sales manager and will be responsible for all corporate and key account activity across the team. His role also includes the provision of aftersales support to customers and the management of relationships with light commercial vehicle (LCV) converters. ....
Click the thumbs up > Former ALD head of OEM strategic partnerships John Wright has been appointed managing director at the newly-created Ford Fleet Management (FFM) UK, a joint venture between ALD and Ford which opens for business this week. FFM enters a crowded sector for funding and fleet management. It intends to carve out a place by offering “bespoke solutions not one-size-fits-all”, focusing on larger companies with more complex needs, according to Wright. Services will be offered across all manufacturer brands, not just Ford, and for cars and vans. “We will have multi-brand capability across cars and vans. But we are Ford-branded, so, while we won’t push customers into any choice, there will be a natural favour towards Ford because that’s where the deep collaboration comes from,” Wright said. ....