More gloom for car industry as 2,000 jobs axed

Altrincham-based Lookers will shut another 12 sites - either by closure, merging with other showrooms or refranchising - on top of the 15 dealerships being closed already under plans announced in November.

Lookers, which employs 8,000 people, resumed trading from all its sites on 1 June with social distancing measures in place. Last month, the 107-year-old company reported a deep first-quarter loss after sales dropped by almost a third due to the impact of the pandemic. Last month's new registrations of 20,247 units represented the weakest May since 1952. Sales were down 51.4% in the first five months of 2020 but the industry is hopeful that a re-opening of dealer showrooms in England this week will help to spur a recovery.

Old news it was well known in the Trade that they had a difficult 2019 had a large fraud investigation and were planning reductions in sites and staff Most is not Convid 19 related I wish the media would check things out.

Still nothing about the violent protests in London last night, no wonder people have lost complete faith with the BBC and media. ScumMedia mediascum

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK car sales slump as 2,000 workers lose their jobs in Covid-19 crisis – business liveLive coverage as Aston Martin and car dealer Lookers announce costs savings plans And this to be followed by a Johnson driven Brexit crashout from the EU which will further increase unemployment & further deepen the current economic depression just when UK should be consolidating EU ties in the face of global climate change challenges. And I did say this yesterday that the reality will be very different to what you reported yesterday relating to the car dealership 'VIRTU' yesterday. I think you need to consider a broader context of views, I am happy to assist if you need help. BBCNews UK new car sales down -89.0% in May as ‘click and collect’ sparks hope ahead of showroom re-opening
Source: The Guardian - 🏆 84. / 53 Read more »

UK car industry pushes for scrappage scheme to help buy new petrol and diesel vehiclesExclusive: lobby wants £1.5bn scheme to jump-start sector despite clean fuel pledges Scrappage scheme should be for electric vehicles only Why not electric vehicles? Why on earth are petrol and diesel cars still being manufactured And where are all these car cemeteries when electric becomes compulsory? More unnecessary waste and cost- absolutely senseless
Source: The Guardian - 🏆 84. / 53 Read more »