Inchcape in talks with bankers

* Car dealer looks to raise money * Shares fall on news of talks * Global decline is blamed...

Inchcape in talks with bankers
Author Avatar
What Car? Staff
13 Jan 2009 14:30

Shares in car dealer Inchcape fell yesterday, as news emerged that the multinational company was in talks to raise more capital to bolster its finances.

The talks, concerning a share issue, come after the company warned of 'an unprecedented decline' in its sales markets, which include Australia, Belgium, China Britain and Russia.

The company's shares yesterday closed down 6.2% at 42p.

de Vries Honda goes into administration
Car dealership de Vries was yesterday put into administration, resulting in 130 jobs being put at risk.