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Evening Standard
Evening Standard
Business
Rhiannon Curry

Car dealer Inchcape takes £750 million hit on Russia exit

Inchcape Russia Moscow

Inchcape sells high-end vehicles, include Rolls-Royce cars, across the world

(Picture: PA Archive)

Car dealership Inchcape will take a £750 million hit as it quits Russia, the British company said today.

The business, which sells premium new and used vehicles from brands including BMW, Rolls-Royce, Jaguar and Lexus, is in the process of transferring its Russian business to another operator and today promised to safeguard jobs in the region.

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