Auto & Transport Roundup: Market Talk - The Wall Street Journal

Auto & Transport Roundup: Market Talk  The Wall Street Journal

Car dealership tycoon ousted from his Kent company in ‘coup’, high court hears

Peter Waddell is alleged to have made racist and sexist remarks which led to his removal as CEO of Big Motoring World A multimillionaire used-car salesman was ousted from his £300m company as part of an orchestrated “coup” involving business rivals and private equity investors, the high court has heard. Peter Waddell, 59, claims he was forced out as the chief executive of the Kent-based dealership Big Motoring World by “conspirators” who designed a “plan” to ensure that an investigation into allegations of gross misconduct “reached the conclusion that one or more [sackable events] had occurred”. Continue reading...

By Simon Goodley