Does Sytner own Mercedes?
The group was delisted from the London Stock Exchange, while the majority of the Sytner management team remained unchanged. The group expanded further into South Wales with the purchase of family owned Mercedes dealerships, together with two from rival Pendragon Group in Bedford and Northampton. Previous Vehicle Use For further details, please contact your dealership. It is possible for Sytner Group Limited vehicles to be transferred to a dealership near you, upon agreement by the stocking dealership and subject to possible transportation costs to be paid by the customer.Sytner Group continued its growth in 2017 with acquisition of Trainer BMW and MINI in Swansea. Celebrating 40 years of business in 2016, all 100 Trainer staff members transferred to Sytner Group within the move. The acquisition saw Sytner Group’s total count of BMW and MINI dealerships rise to 17 for each brand.From 1995, other marques were added with the acquisition of Mercedes-Benz, Ferrari and Audi franchises in Bristol, Loughborough and Leeds. In 1996 the group opened Land Rover, Jeep and Porsche dealerships in Stockport and Reading. The group floated on the London Stock Exchange in 1997, as the Sytner Group PLC.Under the ownership of Penske Automotive Group, Sytner Group has continued to flourish, becoming the UK’s largest and most successful car dealership group. Today, we operate state-of-the-art dealerships across the UK and have expanded into key European markets, including Italy, Germany, and Spain.
Who owns Mercedes Family?
Daimler AG is known throughout the world for designing and creating remarkably upscale vehicles. The company headquarters is in Stuttgart, Baden-Württemberg, Germany. Daimler AG has owned Mercedes-Benz since 1926, when the brand was called “Daimler-Benz. BMW is owned by the BMW Group, a company with more than 100 years of history that also owns Mini and Rolls-Royce.Rolls-Royce Motor Cars Limited is a British luxury automobile maker that has operated as a wholly owned subsidiary of BMW AG since 2003 – as the exclusive manufacturer of Rolls-Royce-branded motor cars.The BMW Group is the world’s leading provider of premium cars and motorcycles and the home of the BMW, MINI, Rolls-Royce and BMW Motorrad brands.The acronym BMW stands for Bayerische Motoren Werke GmbH, which roughly translates to the Bavarian Engine Works Company. The name harks back to the company’s origin in the German state of Bavaria. It also indicates BMW’s original product range: engines for various applications.Who owns BMW? The automaker is owned by the BMW Group and has its headquarters in Munich, Germany. The BMW Group also owns other well-known brands, including Mini and Rolls-Royce.
Who is the CEO of Sytner Mercedes?
In January 2025, John Cragg took on the role of CEO of Sytner Group. Penske also announced Edwards’ successor John Cragg who will be relocating to the UK to serve as the new CEO of Sytner Group. Cragg’s career with Sytner spans 18 years, beginning as a sales executive in 1994.Sytner CEO Darren Edwards is to retire, effective January 1, 2025. Edwards has worked in motor sector for 40 years working in the automotive industry, culminating in a 20-year career with Sytner Group, the past 10 years as CEO. He will be replaced by John Cragg, who is relocating from the US to Britain.
Who is Sytner owned by?
In 2002 Sytner Group was purchased by Penske Automotive Group (formerly UAG); a major player in the American retail motor industry. The Sytner Group Ltd is a car dealership company headquartered in Leicester, United Kingdom. The group holds dealerships located in England, Scotland, Wales and Northern Ireland and specialises in premium and specialist franchises from Audi to Porsche.
Who is the current owner of Mercedes-Benz?
The two companies would merge in 1924 after creating the Mercedes-Benz brand. This new company would be called Daimler Benz AG, now known as Daimler AG. So, who owns Mercedes-Benz today? It is the Daimler AG company that owns this corporation now, making it the parent company of Mercedes-Benz. Porsche AG (the full title of the Porsche company in charge of vehicle manufacture). However, the controlling stake in Volkswagen Group AG itself (31. Porsche SE. Porsche SE is controlled by the Porsche-Piëch family.Volkswagen AG purchased the remaining stake in Porsche AG equaling 100% of the shares in Porsche Zwischenholding GmbH, effectively becoming its parent company as of 1 August 2012.Porsche AG and its initial public offering As a result of the IPO, Porsche SE and the Porsche-Piëch family now hold direct ownership over the Porsche brand.Porsche and Volkswagen merged in 2011. At that time, Porsche was designated a subsidiary of Volkswagen AG (interestingly, besides being the Porsche parent company, VW also owns Audi, Bugatti, and Lamborghini). So, from that standpoint, Volkswagen AG is the company who owns Porsche.