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Your response to Carnell take-over

Published: 22 April 2002

Updated: 19 November 2014

Users of motorcyclenews.com chatboards have been responding to the news that Royal Bank of Scotland has confirmed its offer to buy Dixon Motors, the parent company of the Carnell-Motorcycle City chain.

748essex said: " Buying the bike stores may be the ultimate ‘I bought from Carnells’ blunder! Bet the finance deals are gonna be interesting.... "

And jordanmcclements posted: " I used to live in Milton keynes. I bought my last bike (ZX7-R) from them, and had it serviced there to keep up the warranty. My experience with them was DIRE. " Suffice to say that RBS will need to do a lot to improve customer satisfaction if they do not want their own image to suffer " .

How do you think this will affect us? What implications will this have for motorcycling in the UK? Click on the link on the right to post your comments on our News boards.

For a full analysis of the Royal Bank of Scotland bid for Dixon’s don’t miss the new MCN , out April 24.

RBS has submitted a bid through a subsidiary, Lombard North Central plc, for 300p per share - valuing Dixon at approximately £109.7million.

The bid has the unanimous backing of the Dixon Motors board and claims the deal has the support of 60 per cent of shareholders.

In a statement Paul Dixon, the chief executive of Dixon Motors, said: " The deal is great news for our employees, customers and shareholders. We believe the cultural fit between Dixon and Lombard to be excellent and with their backing we’re in a prime position for the future. "

The deal will enable the Royal Bank of Scotland to integrate Lombard’s strength in motor insurance and finance (it owns Direct Line), with Dixon’s powerful position in the car and bike markets.

How do you think this will affect us? What implications will this have for motorcycling in the UK? Click on the link on the right to post your comments on our News boards.

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