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Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group, and Ed Morse Automotive Group all expanded their businesses recently.
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U.S. auto dealers see market weakness driven by inflation, economic anxiety, and tight inventory.
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Porsche SE, Volkswagen’s biggest shareholder, said it plans to scoop up 25 percent, plus one extra share, in carmaker Porsche AG voting stock when VW lists the sports car brand.
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The Stellantis brand announced plans for half of U.S. sales and all European sales to be fully electric vehicles by 2030.
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Gov. Gavin Newsom’s office tells reporters that the state’s power grid is on track to handle the influx of electric vehicles on California roads resulting from a new state ban on the sale of gasoline-powered cars here by 2035.
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The market saw continued declines last week, with the overall rate of depreciation being consistent with what we have experienced over the last five weeks.
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The Motor Industry Vehicle Board in New Hampshire ruled that Subaru of New England “unreasonably withheld consent of sale” of Prime Subaru Manchester to Group 1 Automotive Inc.
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General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.
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Financing option makes unexpected repairs more affordable.
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With this merger, NCM, the originator of the first automotive 20 Group in 1947, will further expand its footprint of products and services into several non-automotive industries.
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