British car dealer group Lookers has said it is continuing to talk with its lenders to ensure appropriate funding and that it was also considering alternative sources of capital to reduce the additional cost of bank borrowings.
Go deeper with GlobalData
The company also said it continued to trade ahead of budget and to be highly cash generative, helped by strong used car sales and growth from its aftersales and aftermarket parts distribution businesses, Reuters reported.
Its diversified business model coupled with cost savings is enabling it to trade resiliently through a tough market, Lookers said.
Separately, the company said finance director David Dyson had left the company for personal reasons and that it appointed Robin Gregson as group finance director effective immediately.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
