Wm Morrison to offer cars via joint venture with Lookers

Wm Morrison, the UK supermarket chain, is setting up a joint venture enabling shoppers to buy cars at their local store. The joint venture with Lookers, the motor dealership pre-empts moves in the European Union to liberalise the motor market and remove a 'block exemption' to competition rules that has given manufacturers and approved dealerships a stranglehold over the car market.