Car dealer Lucas of Mansfield goes into administration
Published Date:
10 October 2008
WELL-KNOWN car dealer Lucas of Mansfield has gone into administration - the latest victim of the so-called credit crunch.
Bosses say a recent drop in cars sales has left them with no alternative but to call in administrators.
It operated Subaru, Proton, Daihatsu, and Isuzu dealerships from premises on Nottingham Road, employing 27 people.
The business was founded in 1918 by Reginald Lucas, a talented TT rider.
Nick Edwards, one of the administrators from Nottingham Business Advisers Cooper Parry, said "It is very sad when an old established business fails.
"We are however keeping the showrooms open in the short term to sell its remaining stock of cars."
The full article contains 117 words and appears in n/a newspaper.
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Last Updated:
14 October 2008 10:45 AM
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Source:
n/a
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Location:
Mansfield