Marshall Motor to acquire Motorline for $84m.

Marshall Motor, an automotive retail group, agreed to acquire Motorline, an operator of a car dealership, for $84m. The Acquisition is in line with the group’s strategy which includes growing scale with its chosen brand partners; annual revenues expected to exceed £3bn. Scaled entry to the Toyota and Lexus brands – Motorline is the second largest retail partner for Toyota and Lexus in the UK with 19 franchises; Toyota/Lexus is the largest vehicle manufacturer globally with a passenger car market share of approximately 7.2% in the UK.