AP Eagers

Eagers Automotive is an automotive retail group in Australia and New Zealand. Starting as A P Eagers Automotive Limited, it has a history of more than 100 years.[2] The company name changed to Eagers Automotive Limited from A.P. Eagers Limited in 2020 following its acquisition of the Automotive Holdings Group. The business owns and operates a wide range of motor vehicle dealerships across Australia and New Zealand.[3]

Eagers Automative Ltd
TypePublic company
ASX: APE
Founded1913
Headquarters
Brisbane
,
Australia
Areas served
Australia
Key people
Keith Thornton (CEO)
Timothy Crommelin (Chairman)
RevenueIncrease A$8,749 million (2020)[1] (2020)
Increase A$156 million (2020)[1]
Total assetsDecrease A$4,033 million (2020)[1] (2020)
Number of employees
Over 8,500 [1] (2020)
Websitewww.eagersautomotive.com.au

History

The company was founded by Edward George Eager in 1913 as E.G. Eager & Son Ltd. In 1922, they opened an automobile assembly plant in Queensland, and in 1930 obtained distribution rights to General Motors products in Queensland and northern New South Wales. The company went public in 1957 under the name Eagers Holdings Limited. It merged in 1992 with A.P. Group Limited, founded as A.P. Motors by Alan Piper in 1978, and was renamed to A.P. Eagers Limited. In 2019 it acquired its major competitor, the Automotive Holdings Group.[4]

In February 2021 the company said it would not repay any of the $130 million it received under the Federal Government's JobKeeper scheme despite posting a profit. It said it used the money to save 2000 jobs, which was the original intention of the scheme and the payments went to 6500 employees when the industry was under severe pressure.[5] It has subsequently recorded accelerated profits.[6]

In 2011, the company was inducted into the Queensland Business Leaders Hall of Fame.[7]

Operations

Directors of the company are Timothy Crommelin (Chairman), Nick Politis, Daniel Ryan, David Cowper, Marcus Birrell, Sophie Moore, Gregory Duncan, David Blackhall and Michelle Prater. The CEO is Keith Thornton.[8]

The Car Retailing and Truck Retailing segments offer new, used, maintenance and repair services, parts, extended service contracts, brokerage, and protection for vehicles. The Property segment works on the acquisition of commercial properties for its dealerships.[1]

The Investment segment includes investments in DealerMotive, Automotive Holdings Group, Smartgroup Corporation and Dealercell Holdings.

References
  1. "APE Report 2020" (PDF).
  2. "Eagers Automotive Limited | Automotive Group | Australia". Eagers Automotive Limited. Retrieved 26 May 2021.
  3. "Company Information | Eagers Automotive Limited | Automotive Group". Eagers Automotive Limited. Retrieved 26 May 2021.
  4. "A remarkable timeline". GoAutoNews Premium. 17 October 2019. Retrieved 26 May 2021.
  5. "Eagers Automotive won't repay any of $130m in JobKeeper". Australian Financial Review. 24 February 2021. Retrieved 26 May 2021.
  6. "Profits soar in April at Eagers Automotive". Australian Financial Review. 19 May 2021. Retrieved 26 May 2021.
  7. "Queensland Business Leaders Hall of Fame: Eagers Automotive Limited". Queensland Business Leaders Hall of Fame. State Library of Queensland. Retrieved 28 February 2023.
  8. "APE.AU | Eagers Automotive Ltd. Company Profile & Executives - WSJ". www.wsj.com. Retrieved 26 May 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.