Japanese company IDOM will take over the day-to-day operations of DVG Automotive Group after chief executive Lou Di Virgilio stepped back to focus on his role as chairman.
Korean car maker Kia Motors will increase its offering at DVG Automotive Group dealerships in Midland and Morley after recent showroom upgrades worth more than $1 million.
Big private car retailer DVG Automotive Group has released its results for the 2015 financial year, showing a tightening economy had not significantly hit its sales ahead of the sale of a majority stake to Japanese interests.
A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.
DVG Automotive Group managing director Lou Di Virgilio has achieved a rare feat, selling a majority stake in his family business for $120.6 million, which equates to the kind of earnings multiple that only ASX companies normally attract.
