Marubeni Expands Automotive Operations in UK.Tokyo, Japan, Jan 17, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Marubeni Auto Investment (UK) Limited (MAI MAI Mail (File Name Extension) MAI Multilateral Agreement on Investment MAI Maius (Latin: May) MAI Ministerul Administratiei si Internelor (Romanian) ) on January 16 acquired car dealer outlets in South Manchester. MAI's group company RRG RRG Risk Retention Group (insurance industry) RRG Red River Gorge (outdoor recreation area in Kentucky) RRG Rodrigues Island, Mauritius - Rodrigues (Airport Code) Group Limited (RRG, located in Manchester) acquired the assets of 3 Toyota, 1 Lexus and 1 Mazda outlets from Smith Knight Fay Limited, a group company of European Motor Holdings PLC, for the acquisition amount of GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 15 million. This acquisition increases the number of car dealer outlets MAI owns in Manchester from 14 to 19, 9 Toyota, 3 Lexus, 4 Peugeot, 1 Mazda and 2 bodyshop outlets and the annual sales volume from 13 thousand to 20 thousand units. Especially for Toyota and Lexus, MAI will operate sales and service network in the whole Manchester area and it will become the largest Toyota retail group in UK. MAI started its automotive retail business by acquiring RRG in November 2000 and marked steady profitability since then. MAI's partnership with these strong franchises will expand its business and enable further growth in both sales volume and profitability. MAI will target a turnover of GBP300 million after this acquisition. Marubeni operates car dealerships This article is about car dealerships. For the indie pop band, see Dealership (band). A car dealership or vehicle local distribution is a business that sells new cars and/or used cars at the retail level, based on a dealership contract with an automaker or in US, Belgium and Chile, other than UK and we will strengthen car dealership operations as one of the pillars in our automotive business. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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