Wednesday, July 18, 2007

Cambria thwarted in expansion bid


Cambria Automobiles, the acquisitive dealer group launched by Promethean Investments in 2006, has been thwarted in its attempts to establish itself as a top 50 retailer.

Mark Lavery, group chief executive, told Motor Trader in January the business was in negotiations with around a dozen businesses and was expecting acquisitions by the summer.
A year after acquiring Swindon Jaguar and the multi-franchise Swindon Motor Park, the group has failed to add any more dealerships to its portfolio.

DATED: 18.07.07

FEED: MT





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