After being told of the sudden closure of Birmingham Aston Martin, I am now told that the Wolverhampton territory for Jaguar and Landrover that Pendragon were publicly in dispute with their former Stratstone MD over, has been lost and transfers on Friday this week to Jardine motor group. Yet another JLR territory? I am not sure where the profit will come from to replace all of these ?.
I understand from a friend at Sytner group that this car is contracted NOT to be sold for 5 years ! So £1.2m of shareholders funds tied up for that period. Certainly looks like vanity, It is hard to see the business case
VTU results flatter to deceive. With a lot of JLR businesses you'd expect a lot more. Problem is they are mirroring the disastrous path the PDG followed. And that ended in disaster! So get rid of the ego and they might stand a chance - if not ...........
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