OzCar enters voluntary administration, 90 jobs lost

Australian used-car retailer OzCar has entered voluntary administration, with 90 employees made redundant and four company-owned dealerships closed immediately. Glen Kanevsky and Jason Tracy of restructuring firm Alvarez & Marsal have been appointed as voluntary administrators by the company’s secured creditor. The closures affect company-owned sites in Lansvale, Penrith, Cardiff and Gosford, all in New…