Dealerships acquired in Calif., Ga.
Three dealership groups acquired stores in California in separate deals, while another group added a second Stellantis store in Georgia......»»
Marvel X-Men event announced for Comic-Con 2023, but it’s not what you think
Marvel confirmed that the X-Men were coming to the MCU at San Diego Comic-Con (SDCC) 2019, just as Disney had acquired Fox. That was an … The post Marvel X-Men event announced for Comic-Con 2023, but it’s not what you think appeared first.....»»
No one should be surprised Virgin Orbit failed—it had a terrible business plan
The business case simply did not close. Branson dug the 747 aircraft acquired by Virgin Orbit. (credit: Eric Berger) It's now official—the launch company Virgin Orbit is being sold for parts. In a new filing as part.....»»
Maserati, Alfa Romeo, Mazda, Volvo and domestic dealerships sell
Two auto retailers in top 150 dealership groups, including publicly traded Sonic Automotive, completed second-quarter transactions, while a pair of growing regional groups also expanded......»»
7 access management challenges during M&A
Integrating an acquired company into a single organization is a daunting task that can take weeks, months, or even years to complete. To have a successful conclusion to the mergers and acquisitions (M&As) process, identity and access management (IAM).....»»
Onfido acquires Airside to boost identity verification for individuals and businesses
Onfido acquired Airside Mobile to deliver user-controlled, shareable digital identity designed with data privacy and time-saving convenience at its core. Airside’s shareable digital identity technology has been used by over 10 million travelers and.....»»
11 charged with stealing cars from 26 dealerships in Ohio
At one dealership, prosecutors said, some of the suspects gave a salesperson their real names while casing the showroom before stealing from it the same night......»»
Meta has been working on a new Twitter competitor, and here’s what it looks like
Ever since Twitter was acquired by Elon Musk, some users have been looking for alternatives to the social network as they’re unhappy with the company’s latest decisions. We’ve seen Mastodon get a lot of attention, as well as Bluesky – a new.....»»
Toyota, Ford and Stellantis dealerships sell across 4 states
Two auto retailers on the top 150 dealership groups list made first- and second-quarter acquisitions, while a business that is part of a company best known for owning the Minnesota Twins also made a first-quarter purchase......»»
Tekion"s big dealership experiment is a big win
Tekion, in an unusual move, purchased two Gilroy, Calif., dealerships in 2020 and used them to test its dealership management system and iron out any kinks. Executives say the plan succeeded beyond expectations......»»
Gilchrist Automotive expands with 3 acquisitions
The auto retailer purchased four dealerships in three deals this year to grow in Oklahoma and Texas......»»
Sutherlin group buys Lexus-Toyota car dealership, sells 3 stores
Sutherlin Automotive Group sold three dealerships in Georgia last month and reentered another Southeastern state on Monday......»»
IBM acquires Polar Security to address the growing shadow data problem
IBM has acquired Polar Security, an innovator in technology that helps companies discover, continuously monitor and secure cloud and SaaS application data – and addresses the growing shadow data problem. This news marks IBM’s 5th acquisition in 2.....»»
Leslie Doggett Industries" automotive retail arm expands in Texas
Leslie Doggett Industries has expanded its auto retailing division, Doggett Automotive Group, with the purchase of three dealerships in Texas......»»
Survey: Most dealerships have no EVs and some don"t want any
Two-thirds of dealerships said they didn't have any EVs in stock. Of those stores, 45 percent said they wouldn't sell EVs even if they could get some......»»
Ford, Chevy and Buick-GMC-Cadillac dealerships sell across 4 states
A new group bought its first dealership, another expanded to four stores in Oklahoma, a Michigan dealer acquired a Ford location, and a group on top 150 dealerships bought two stores in New York......»»
Disney+ and Hulu will be merging into a single app
Disney+ and Hulu have existed as separate apps for a while now, but it looks like Disney has decided to merge both apps into one. When Disney acquired Fox a few years ago, they also acquired some of the companies that Fox owns or had a sh.....»»
Absolute to be acquired by Crosspoint Capital Partners
Absolute Software has agreed to be acquired by venture capital firm Crosspoint Capital Partners in a deal with an enterprise value of $870 million. Under the terms of the Arrangement Agreement, Absolute shareholders will receive $11.50 per Common Sha.....»»
NADA Data: 2022 new-car inventory up; vehicle sales per dealership down
Franchise dealerships' total payroll in 2022 was up from 2021, but the average number of new and used vehicles sold per employee fell......»»
Ford, Stellantis and GM car dealerships sell in Iowa and Arizona
Stores in Iowa and Winslow, Ariz., a town immortalized by the Eagles hit "Take It Easy," sell in 2022 deals......»»
Group 1 acquires 3 Buick-GMC dealerships in Texas
Group 1's purchase of 'uniquely high-volume stores' from Beck & Masten group is expected to generate $760 million in annual revenue......»»