Description
Although business managers with experience of it describe bankruptcy as an unforseen event, analysts have long been predicting the event, using analysis of financial KPI’s. This post reviewed four retail dealer groups – Lookers, Pendragon, Inchcape and Penske – and two global car makers – GM and Ford – to assess their likelihood of going bust using three established methods. Only one dealer group, Penske, passed all of the tests.
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