European Motor
Article Abstract:
United Kingdom car dealers have been affected by concern about recession and an anti-car sentiment in UK transportation policy, and investors appear to have overreacted in the case of some companies such as European Motor Holdings (EMH), leaving their stocks cheap. The company ranks first among Audi and Volkswagen dealers, and ranks among the first five for Mercedes-Benz. EMH plans to sell unprofitable dealerships, and make acquisitions where franchises appear attractive. The company has real estate assets which underpin a large discount to net assets.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Evans Halshaw
Article Abstract:
Evans Halshaw's new chief executive is carrying out a strategic review of the company's activities. The company faces restructuring among UK automobile dealers butt should benefit from changes in the market. Manufacturers are seeking to focus on one dealer per region and Evans has been allocated four areas by Ford Motor Co. and one area from Vauxhall. The company is also negotiating with Rover. The company's profit for 1996 is forecast at 13.5 million pounds sterling by Albert E. Sharp.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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