Envision Motors buys 3 Mercedes-Benz dealerships
Envision Motors acquires three Mercedes-Benz dealerships from Von Housen Automotive Group......»»
Lithia increases stake in Pinewood DMS company to more than 25%
Lithia Motors Inc. now owns more than a quarter of the U.K. dealership management system provider Pinewood Technologies following purchases of nearly 5 million shares in the months since its initial minority investment......»»
GPB Capital founder David Gentile found guilty in Ponzi-like fraud that included dealerships
Gentile’s co-defendant, Jeffry Schneider, who ran Texas-based Ascendant Capital, also was convicted of securities fraud and conspiracy charges by a federal jury in Brooklyn, N.Y., following a trial that lasted more than seven weeks......»»
Group 1 finalizes acquisition of Inchcape; adds 54 U.K. dealerships to its portfolio
Group 1 Automotive Inc. has finalized its acquisition of global automotive group Inchcape, which has 54 U.K. dealerships. The acquisition was announced April 15; Group 1 paid $439 million in cash. It is expected the acquisition will add $2.7 billi.....»»
Lithia Motors promotes Adam Chamberlain to COO, Chris Holzshu still EVP
Lithia Motors promoted Chief Customer Officer Adam Chamberlain to COO and returned COO Chris Holzshu to solely an executive vice president role, the company said Aug. 1......»»
Dealerships warned about phishing scams tied to global cyber event
Two cybersecurity consulting firms are warning dealerships about scams relating to CrowdStrike's catastrophic software update on July 19......»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Starling Automotive buys 3 dealerships, adds brands
Starling Automotive Group expanded in a spring acquisition, buying its first non-General Motors dealerships......»»
Speeding Mercedes driver sparks East Harlem chain-reaction crash that killed a 51-year-old man
Speeding Mercedes driver sparks East Harlem chain-reaction crash that killed a 51-year-old man.....»»
Asbury: Tekion DMS pilot in Ga. might get pushed to October over CDK dispute
Asbury Automotive Inc.'s dispute with CDK Global over data access might delay the national dealership group's plans to test Tekion at four Georgia dealerships by a month, Asbury told a Georgia court last month......»»
Mercedes to gun for Tesla Model Y with electric CLA crossover
The battery-powered model begins production in October 2025 in Rastatt, Germany......»»
Asbury, CDK locked in legal fight over data control ahead of Tekion pilot
Asbury Automotive has sued CDK Global and sought an injunction compelling the release of four dealerships' data so Asbury could pilot Tekion's DMS software at the locations, accusing CDK of "holding its data hostage." .....»»
AI and ML enter motorsports: How GM is using them to win more races
From modeling tire wear and fuel use to predicting cautions based on radio traffic. Enlarge / The Cadillac V-Series.R is one of General Motors' factory-backed racing programs. (credit: James Moy Photography/Getty Images).....»»
Curbee launches software platform to streamline dealership mobile service
Curbee has launched a software-service platform designed to help dealerships streamline and enhance their mobile services for technicians and customers, thereby improving customer loyalty, profitability, and the overall service experience......»»
GM Ventures, others invest in Israeli EV battery startup Addionics
Addionics raised $39 million from investors including General Motors' venture capital arm to help commercialize its 3D copper foil product for electric vehicle batteries......»»
UAW, Lear reach tentative agreement, ending strike that idled GM Wentzville plant
The UAW and Lear Corp. reached a tentative agreement at a Missouri seating factory late July 24, ending a strike that idled midsize pickup and full-size van production at General Motors' Wentzville, Mo., assembly plant......»»
FTC CARS Rule could put auto lenders at risk
The Federal Trade Commission's CARS Rule poised to take effect upon car dealerships might have created risk for auto lenders, too, under the federal Holder Rule, experts say......»»
Dealers should adopt some practices now ahead of CARS Rule decision, experts say
The Federal Trade Commission's CARS Rule is on hold pending a legal challenge in the U.S. 5th Circuit Court of Appeals by the National Automobile Dealers Association and Texas Automobile Dealers Association, but dealerships might still wish to take s.....»»
Another prison term in multimillion dollar ‘Ponzi-like" car export scheme
A top conspirator in a fraud and money-laundering scheme was sentenced to 15 months in prison and ordered to pay $3.5 million in restitution for his role in defrauding franchised dealerships and vehicle brokers......»»
LG slows EV cell plant with GM in Michigan as political worries swirl
South Korean battery maker LG Energy Solution Ltd. is slowing construction of its third plant with General Motors Co. in Michigan.....»»
Top 5 stories of the week: Penske buys largest Ford dealership; the economics of EV ownership
A quick look at the top automotive stories of the week as determined by reader interest......»»