{"id":43396,"date":"2023-09-18T14:19:23","date_gmt":"2023-09-18T14:19:23","guid":{"rendered":"https:\/\/lethal-industry.com\/?p=43396"},"modified":"2023-09-18T14:19:23","modified_gmt":"2023-09-18T14:19:23","slug":"huge-change-to-major-car-dealership-selling-fords-hyundais-and-kias-as-its-sold-to-new-owners-the-sun","status":"publish","type":"post","link":"https:\/\/lethal-industry.com\/world-news\/huge-change-to-major-car-dealership-selling-fords-hyundais-and-kias-as-its-sold-to-new-owners-the-sun\/","title":{"rendered":"Huge change to major car dealership selling Fords, Hyundais and Kias as it&#x27;s sold to new owners | The Sun"},"content":{"rendered":"<p>A HUGE change is coming to a major car dealership firm which sells Fords, Hyundais and Kias as it will sell its motor business to a US company.<\/p>\n<p>Pendragon has agreed to sell its brands which include Evans Halshaw, Stratstone and CarStore, for \u00a3250million to the US giant Lithia.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/hyundai-logo-hyundai-car-car-844930144-1.jpg\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/2g0r2gt-smartphone-logo-british-automotive-845935738.jpg\"><\/p>\n<p>Pendragon is one of the largest motor retailers in the UK.<\/p>\n<p>Evans Halshaw holds dealerships for 10 brands, including Citroen, Dacia,\u00a0DS,\u00a0Ford,\u00a0Hyundai,\u00a0Kia,\u00a0Nissan,\u00a0Peugeot,\u00a0Renault\u00a0and\u00a0Vauxhall.<\/p>\n<p>Stratstone handle Aston Martin, BMW, BYD, Ferrari, Genesis, Jaguar, Land Rover, Mercedes-Benz, Mini, Porsche and Smart.<\/p>\n<p>Pendragon also revealed that it has agreed to a partnership to roll out its dealer management software arm, called Pinewood, to Lithia&#x27;s 50 UK sites and to enter the North American market.<\/p>\n<h2><span>Read More on Motors<\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/winter-time-arrived-spiderwebs-frozen-845809875.jpg\"><\/p>\n<h3>Cheap hacks to keep your car clean to avoid being slapped with huge fine<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2019\/05\/ac-comp-weird-motors-v3.jpg\"><\/p>\n<h3>Strangest traffic scenes on camera &#8211; from a Roman chariot to a giant banana<\/h3>\n<p>The deal with Lithia, which has around 340 dealerships across North America, will help Pinewood&#x27;s software unlock the North American market and aim for global expansion, it said.<\/p>\n<p>Pendragon boss Bill Berman said: \u201cPendragon has built one of the UK\u2019s leading automotive retailing businesses, underpinned by a market leading dealer management system, the quality of our people, long-standing relationships with OEMs and excellent execution for customers.<\/p>\n<p>\u201cThe Pendragon Board considers Lithia to be perfectly placed to build on this progress.<\/p>\n<p>\u201cThe launch of Pinewood as a standalone company is a unique and exciting opportunity to create a best-in-class product for customers, which we can market globally and drive substantial value for our shareholders and in Lithia we have the perfect partner to help accelerate Pinewood\u2019s push into the hugely attractive North American DMS market.\u201d<\/p>\n<h2>Most read in Motors<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/crop-23994974.jpg\"><\/picture><span>CROSSING THE LINE <\/span><\/p>\n<h3>Fury after classic car show paints white lines on town&#8217;s &#8216;sacred&#8217; green<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/newspress-collage-23993678-1694979231291.jpg\"><\/picture><span>YOU WATT <\/span><\/p>\n<h3>I couldn&#8217;t believe how much garage wanted to fix my EV after battery went wrong<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/sun-online-features-tiny-historic-844225021.jpg\"><\/picture><span>NOT COOL <\/span><\/p>\n<h3>We live in the UK&#8217;s &#8216;coolest&#8217; seaside hotspot &#8211; but it&#8217;s becoming a ghost town<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/2011-purpose-establish-public-carsharing-841945801-1.jpg\"><\/picture><span>FIRE SALE <\/span><\/p>\n<h3>Warning to EV drivers as 2 popular electric motors are recalled over &#8216;fire risk&#8217;<\/h3>\n<p><\/span><\/p>\n<p>Shares in Pendragon surged by 25 per cent on the back of the deal, to 23.1p, valuing the entire business at \u00a3322m.<\/p>\n<p>Pendragon had been approached by Swedish motor company Hedin Group in September last year with a possible takeover offer worth \u00a3400m, or 29p per share, but it did not result in a sale.<\/p>\n<p>Andres Hedin, who owns the Hedin Group, still owns more than a quarter of Pendragon shares.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/ketxda-person-walks-past-window-845935304.jpg\"><br \/>\nSource: <a href=\"https:\/\/www.thesun.co.uk\/motors\/23996712\/car-dealership-major-change-us-new-owners\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A HUGE change is coming to a major car dealership firm which sells Fords, Hyundais and Kias as it will sell its motor business to a US company. Pendragon has agreed to sell its brands which include Evans Halshaw, Stratstone and CarStore, for \u00a3250million to the US giant Lithia. Pendragon [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Huge change to major car dealership selling Fords, Hyundais and Kias as it&#x27;s sold to new owners | The Sun - lethal-industry<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lethal-industry.com\/world-news\/huge-change-to-major-car-dealership-selling-fords-hyundais-and-kias-as-its-sold-to-new-owners-the-sun\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huge change to major car dealership selling Fords, Hyundais and Kias as it&#x27;s sold to new owners | The Sun - lethal-industry\" \/>\n<meta property=\"og:description\" content=\"A HUGE change is coming to a major car dealership firm which sells Fords, Hyundais and Kias as it will sell its motor business to a US company. 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