British automotive distributor Inchcape has agreed to sell its U.K. retail operations to Group 1 Automotive for 346 million pounds ($431.43 million) in cash, following a strategic review it started earlier this year, the company said in a statement.
British automotive distributor Inchcape has agreed to sell its U.K. retail operations to Group 1 Automotive for 346 million pounds ($431.43 million) in cash, following a strategic review it started earlier this year, the company said in a statement.
Porsche is in crisis mode as a failed EV strategy, slumping China sales and Trump's tariffs weigh on its share price and earnings.