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&lt;br /&gt; ONLINE WEEKLY&lt;br /&gt; MOTORTRADER&lt;br /&gt; ISSUE 2 THE VOICE OF THE CAR RETAILING SECTOR 1 MAY 2009&lt;br /&gt; Pendragon secures&lt;br /&gt; vital &#64257;nance deal&lt;br /&gt; &pound;200m pre-tax loss after heavy write-offs and restructuring costs&lt;br /&gt; &lt;br /&gt; It experienced closure and&lt;br /&gt; redundancy costs of &pound;25.1m&lt;br /&gt; and impaired goodwill of&lt;br /&gt; &pound;58.1m. It also incurred costs&lt;br /&gt; of &pound;12.7m relating to the&lt;br /&gt; re&#64257;nancing of borrowings.&lt;br /&gt; Its level of used stock in the&lt;br /&gt; UK was reduced by nearly&lt;br /&gt; &pound;100m in 2008 compared to&lt;br /&gt; the year before, with &pound;73m of&lt;br /&gt; this reduction achieved in the&lt;br /&gt; &lt;br /&gt; John Kirwan Pendragon announced pre&lt;br /&gt; <a title="MT WEEKLY_01MAY page 1" href="http://viewer.zmags.com/publication/f8eaff6e?page=1">ONLINE WEEKLYMOTORTRADERISSUE 2 </a> ONLINE WEEKLYMOTORTRADERISSUE 2 <a title="MT WEEKLY_01MAY page 2" href="http://viewer.zmags.com/publication/f8eaff6e?page=2">02 NEWSScrapping schemecomes under attackA</a> 02 NEWSScrapping schemecomes under attackA<a title="MT WEEKLY_01MAY page 3" href="http://viewer.zmags.com/publication/f8eaff6e?page=3">NEWS 03Finance providers may abandon UK car d</a> NEWS 03Finance providers may abandon UK car d<a title="MT WEEKLY_01MAY page 4" href="http://viewer.zmags.com/publication/f8eaff6e?page=4">04 NEWSRestructuring at Lookersturns in &pound;14.</a> 04 NEWSRestructuring at Lookersturns in &pound;14.<a title="MT WEEKLY_01MAY page 5" href="http://viewer.zmags.com/publication/f8eaff6e?page=5">NEWS 05French carmakers make senior UK change</a> NEWS 05French carmakers make senior UK change<a title="MT WEEKLY_01MAY page 6" href="http://viewer.zmags.com/publication/f8eaff6e?page=6">06 NEWSEconomic fall-out takestoll on dealer</a> 06 NEWSEconomic fall-out takestoll on dealer<a title="MT WEEKLY_01MAY page 7" href="http://viewer.zmags.com/publication/f8eaff6e?page=7">NEWS 07Mercedes tackles vacant leasehold site</a> NEWS 07Mercedes tackles vacant leasehold site<a title="MT WEEKLY_01MAY page 8" href="http://viewer.zmags.com/publication/f8eaff6e?page=8">08 NEWSUK carmakers cut backproduction in Ma</a> 08 NEWSUK carmakers cut backproduction in Ma<a title="MT WEEKLY_01MAY page 9" href="http://viewer.zmags.com/publication/f8eaff6e?page=9">NEWS 09Dealers' workshop business comes under</a> NEWS 09Dealers' workshop business comes under<a title="MT WEEKLY_01MAY page 10" href="http://viewer.zmags.com/publication/f8eaff6e?page=10">10 NEWSWINNING WAYS: It's not too late toente</a> 10 NEWSWINNING WAYS: It's not too late toente