Auto dealer Lookers expects profit to slump; top executives leave
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(Reuters) - British car dealership Lookers on Friday issued its second profit warning in less than four months and announced the departure of its two top executives. The company expects annual underlying profit to fall by more than two-thirds as the UK car market struggles with dwindling consumer confidence and margin pressures.Lookers said Chairman Phil White will become executive chairman as Chief Executive Andy Bruce and operations chief Nigel McMinn would leave the company..