F&I Management & Training

The Walker Renault dealership in Stourbridge has ceased trading and 36 employees are believed to have been made redundant.

A Renault spokesman confirmed the closure, saying he believed the one-site business had gone into administration but it was too soon to know who the appointed administrators were.

He pointed out that the servicing part of the company has remained trading.

Walker Renault sold new and used Renault cars and vans and appears to be the latest casualty of the economic downturn that has hit the car industry.

Renault's own retailing arm, the Renault Retail group, recently announced it was conducting a ‘strategic review' of its business and planned on closing several dealerships.

In the past week both the Amethyst Motor Company and the Sidlow Grouphave gone into administration.

DATED: 06.11.08

FEED: MT