Pendragon PLC
22 November 2004
PENDRAGON TO DISTRIBUTE CADILLAC
Pendragon PLC (Pendragon), the UK's largest car retailer, is pleased to announce
that it has been appointed as sole distributor of Cadillac and Corvette products
in the UK. The first Cadillac showroom has been opened today in London by
Pendragon.
The Cadillac and Corvette distributorship strengthens Pendragon's relationship with
General Motors, adding to Vauxhall and Saab brands, and compliments its overall
strategy of building bigger relationships with key manufacturer partners.
Trevor Finn, Chief Executive, commented:
'Cadillac is a welcome addition to our portfolio of brands and we look forward
to building a dealer network in Britain which properly reflects the status and
capability of the brand. Our experience with other top brands gives us the
confidence to know that Cadillac and Corvette will be successful here. An
important aspect of our decision has been the strength of product now coming
through and the attention Cadillac's top management team is giving to Europe.'
Enquiries:
Pendragon PLC Trevor Finn, Chief Executive Tel: 01623 725 114
David Forsyth, Finance Director
Finsbury Gordon Simpson Tel: 020 7251 3801
Notes to editors:
Pendragon is the largest retailer in the UK, representing both prestige brands
and, more recently, volume brands. The Group operates 250 dealerships in the UK,
eight in Germany and nine in the USA.
This information is provided by RNS
The company news service from the London Stock Exchange
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