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......»»
U.S. dealerships grew for 2nd year in a row, annual franchise report says
The number of U.S. franchised dealerships rose slightly in 2022, marking the second straight year of increases, according to an Urban Science report......»»
NHTSA asks Tesla for more information about Calif. fatal crash
NHTSA has spent the last 18 months investigating how Tesla’s driver-assistance system Autopilot handles crash scenes involving fire trucks and other first-responder vehicles. It’s unclear whether the driver in the incident was using Autopilot......»»
Dealerships participate in Texas school auto tech competition
Local dealerships partner with competing schools leading up to the event to mentor the fledgling technicians......»»
Hyundai, Stellantis, Infiniti, Lincoln, Ford and Chevy dealerships sell in 5 states
Here's a look at the deals involving import, domestic and luxury dealerships in Virginia, Texas, Indiana, Iowa and Oregon......»»
Sonic Automotive sets Q4 revenue record, takes impairment hit
Sonic acquired five Black Hills Harley-Davidson locations in February 2023 after buying Horny Toad Harley-Davidson and seven Team Mancuso Powersports stores in 2022......»»
Zoox"s purpose-built robotaxi reaches public roads in California
Zoox carried dozens of Zoox employees in its purpose-built robotaxi Saturday during multiple trips on public roads that link two of the company's offices in Foster City, Calif......»»
Dealers anticipate knocks to floorplan, F&I, demand
Auto dealerships polled in ' 2023 Dealer Outlook Survey saw threats to new- and used-vehicle demand and increased floorplan and overall cost because of rising interest rates......»»
Audi, Porsche, Mercedes-Benz and Chevy dealerships sell in 4 states
The dealerships, which sold in separate transactions last year, are in Michigan, California, Washington and Illinois......»»
Anderson Automotive Group expands in South Carolina
Anderson Automotive Group made its first acquisition since 2020 with its January purchase of five dealerships in South Carolina......»»
Honda, Acura, Infiniti and Mazda are all new brands for the group
Anderson Automotive Group made its first acquisition since 2020 with its January purchase of five dealerships in South Carolina......»»
Shazam’s Siri animation should really be a Dynamic Island feature on iPhone
Since Apple acquired Shazam, the company has been adding multiple new features to take advantage of what iOS and its other operating systems can do. With iOS 16, Apple has even created a fancy new animation for when you ask Siri to identify a song.....»»
"23 buy-sell activity to build off busy "22, "21
While there's a mix of predictions on how many dealerships will trade hands in 2023, some professionals arranging transactions and dealers looking to acquire indicate the buy-sell market will be just as busy as the past few years......»»
Dealer"s wellness program cuts benefits costs by incentivizing health
Friendship Family of Dealerships' wellness program is improving team morale and productivity, according to their human resources director......»»
Stellantis, Ford, GM and Mercedes-Benz dealerships trade hands in Q4
Stellantis, Ford, GM and Mercedes-Benz dealerships sold in fourth-quarter transactions across Montana, Missouri, New Jersey and Michigan......»»
Startup Spartan Radar raised $17M from 8VC, Microsoft and others
The funding will help the Los Alamitos, Calif., company deliver its flagship Ago software-based program that improves driver-assist systems' resolution and range to market......»»
Asbury spends $2.7M in Q4 pursuing "significant" but unconsummated acquisition
Asbury's sale of nine North Carolina dealerships in the fourth quarter also was partly agreed to in anticipation of the unconsummated acquisition......»»
Parks Automotive buys 2 Stellantis dealerships with Franchise Equity Partners
Parks Automotive Group in January acquired two Stellantis dealerships in North Carolina, aided by a minority investment in the stores from Franchise Equity Partners......»»
Asbury Automotive net income more than doubled in Q4
Asbury Automotive Group Inc.'s profit more than doubled in the fourth quarter as the Duluth, Ga., public retailer closed out its first full year of earnings boosted by its December 2021 acquisition of Larry H. Miller Dealerships......»»
Mazda dealerships to settle F&I pricing case with Mass. AG for $350K
Hometown Auto Framingham has also agreed to adopt NADA's Voluntary Protection Products policy at its Massachusetts dealerships for three years......»»
Volvo readies EV push in biggest product revamp under Geely
The product plans amount to the largest revamp of Volvo’s model line-up since Geely acquired the brand from Ford......»»