Pendragon: Pendragon's new owner to slash hundreds of jobs

The new owner of Nottingham-based car retailer Pendragon is set to cut hundred of jobs following the drop in supply of used vehicles post-pandemic, according to reports in the Financial Times. After a long bidding war, Lithia agreed to buy Pendragon's dealerships and used car marketplace CarStore last year. Now, however, as noted by the [...]