Wednesday, January 11, 2012
Johnsons Cars acquires Concept Vehicles sites
Johnsons Cars has bought two dealerships from Concept Vehicles for an undisclosed sum after the business went into administration just before Christmas.
Concept Vehicles operated two Hyundai dealerships in Coventry and Sutton Coldfied. The group also had a Saab dealership in Cardiff and employed 52 people across the three site group.
Administrators KPMG have confirmed 38 jobs have been transferred with the deal and the business and assets of just the Coventry and Sutton Coldfield sites have been sold to Johnsons.
Johnsons has 15 sites across the midlands and north west and represents Honda, Toyota, Lexus, Volkswagen, Volvo and Mazda.
DATED: 11.01.12
FEED: AM
