Asbury Automotive completes $1.2B Jim Koons acquisition
The Koons group reported $3.2 billion in revenue and sales of 26,188 new vehicles in 2022, ranking it No. 23 on ' list of the top 150 dealership groups based in the U.S. Asbury ranked No. 5 on the list, retailing 151,179 new vehicles last year......»»
X hires ex-Hyundai marketer Angela Zepeda as global head of marketing
X CEO Linda Yaccarino says the former automotive marketer will “further shape our transformation.”.....»»
Asbury not the only company to battle the FTC instead of settle, attorney says
Jean Noonan, a partner at the Hudson Cook law firm and a former Federal Trade Commission regulator, discusses settling FTC investigations versus fighting them as the car dealer Asbury Automotive Group has done......»»
Asbury denies FTC allegations, outlines internal processes in new filing
Asbury Automotive Group Inc. described internal policies on payment quotes and auditing deals for compliance in its formal answer denying the Federal Trade Commission's allegations against the national dealership group......»»
47 states fail to meet the ideal ratio of chargers to EVs, report says
Only the District of Columbia and three states — Vermont, Massachusetts and Rhode Island — have the prime ratio of electric vehicles to public chargers, according to the report by Here Technologies and SBD Automotive......»»
Top 5 stories of the week: Jeep gets new North America boss; August U.S. vehicle sales
A quick look at the top automotive stories of the week as determined by reader interest......»»
Top 5 stories of the week: Jeep gets new North America boss; August vehicle sales strong
A quick look at the top automotive stories of the week as determined by reader interest......»»
Why are U.S. dealers getting more pessimistic about the market? This Cox Q3 poll gives clues
Pessimism crept into franchised car dealers' outlooks during the third quarter, according to a Cox Automotive Dealer Sentiment Index poll, which also found that interest rates and consumers' political uncertainty continue to burden dealerships......»»
Retail tech company Xcite Automotive plans to raise venture capital after AI acquisition
Xcite, known for reconditioning vehicles and photographing them for dealer websites, purchased Double4 AI to enhance its tech-driven products and services......»»
The future of automotive cybersecurity: Treating vehicles as endpoints
The automotive industry is facing many of the same cybersecurity risks and threats that successful organizations in other sectors are up against, but it’s also battling some distinct ones. In this Help Net Security interview, Josh Smith, Principal.....»»
Mosyle acquires asset management software provider Assetbots
Mosyle, a leader in Apple Device Management and Security, has officially acquired Assetbots, an up-and-coming asset management software provider. This strategic acquisition will allow Mosyle to expand its service offerings, providing comprehensive as.....»»
Top 5 stories of the week: Ford Future Product; Angela Zepeda leaves Hyundai
A quick look at the top automotive stories of the week as determined by reader interest......»»
Blue Origin completes latest space tourism flight successfully
Blue Origin flew its latest group of six thrill-seekers to the edge of space and back again Thursday, including the youngest-ever woman to complete the feat......»»
Behind the scenes: A dealership transaction in New Jersey
Automotive News gets glimpses of a dealership closing in Little Silver, N.J......»»
Ineos Automotive shuffles exec roles after key departures
Two Ineos Automotive executives have been given new roles within the young automaker......»»
Ed Morse Automotive completes purchase of 6 Arizona dealerships
The dealerships represent the first in the state for the group......»»
McGovern Automotive"s deal to buy Mercedes store isn"t just business — it"s personal
Sellers Allan Sockol and Scott Coleman's values align with rapidly growing McGovern, and they will remain involved in the dealership as partners......»»
Samsung and Qualcomm Want to Go All-in on In-Vehicle Infotainment Tech
Samsung also announced that it is working on its next-generation automotive LPDDR5. The post Samsung and Qualcomm Want to Go All-in on In-Vehicle Infotainment Tech appeared first on Phandroid. Samsung recently announced that it will be tea.....»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Ford Expedition spy art confirms Tremor variant, digital display
The images confirm Automotive News reporting of the Tremor variant, which until now has been limited to Ford pickups, as well as a digital display that is smaller than the pillar-to-pillar screen on the Lincoln Nautilus and Navigator......»»
Artificial intelligence is powering the latest fraud trends
The automotive retail industry was built on face-to-face interactions, but even experts often cannot spot an AI generated document with the naked eye......»»