Finance          Automotive          Computers          Health          Shopping          Sports         News          Reference           Print Facts in English - BCUZ.COMlos hechos en Español

Virgin Cars



Virgin Cars Ltd was an Internet automobile retailer started by British entrepreneur Sir Richard Branson in May 2000 as part of the Virgin brand of companies. Branson predicted the company would sell 24,000 cars in the first year with a £300m turnover. [1] By October 2000, the company had sold over 2,000 cars, generating £30 million. [2]

In 2001, the company started a subsidiary Virgin Bikes. [3] The company only managed to sell 12,000 cars in total by 2003. Branson opened Virgin Car's first showroom in Salford, Manchester in May 2003. It is located at the end of the M602 motorway near the A6 / A57.

The company stopped all operations and trading in 2005. The building which it occupied has been stripped of all branding, and has remained empty since trading ceased.

[

References

  1. ^ Brabbs, Cordella (2000-05-25). "Virgin Cars aims for £300m sales". Marketing. 
  2. ^ "Branson launches Virgin Cars at Motor Show", PR Newswire, 2000-10-17. 
  3. ^ "Virgin Cars", Marketing Week, 2001-07-05. 
This article about a company of the UK is a stub. You can help Wikipedia by expanding it.
v • d • e
Virgin Group
General
Travel
Publishing
and entertainment
Retail

Brides · Cars · Megastores (zavvi) · Spa · Ware



BCUZ.com FACTS Encyclopedia content is licensed under the GFDL as approved by Wikipedia.
For more information review our copyright contact and privacy policy.
© 1996 - BCUZ.COM - We have all the FACTS you need about Small Business Financing, Behavior Disorder, Having Too Many Bills, Needing Cash Fast, Structured Settlements, Frequent Flier Programs, Top Steak Houses, The Mayan Indians, Norfolk and Suffolk England, Growing Longer Hair and a full reference English Encyclopedia and Spanish Encyclopedia.Privacy Policy