Feldman buys car dealership that battled back after Chrysler bankruptcy
Feldman Automotive Group is expanding with the acquisition of a dealership in Livonia, a Detroit suburb. Livonia Chrysler Jeep has been renamed Feldman Chrysler Jeep of Livonia following the acquisition, which closed Aug. 1. Feldman now owns.....»»
Fla. dealership employee indicted for first-degree murder in death of co-worker
Steve Tilbury is accused of fatally striking his co-worker with a metal baseball bat in a premeditated attack......»»
Celebrity group"s 4 dealerships sue CDK over cyberattack
Celebrity Motor Car Co.'s four dealerships have all sued CDK Global, accusing it of soliciting business by relating the risks of a dealership breach and the cybersecurity CDK could provide — only to be hacked itself and unavailable to retailers aft.....»»
Chrysler heir to Stellantis: Sell iconic brands to me
Walter P. Chrysler's great-grandson, in an open letter to Stellantis CEO Carlos Tavares, proposes a "graceful and profitable exit" for the Chrysler and Dodge brands......»»
GM"s BrightDrop electric vans to become Chevrolet models
GM's BrightDrop electric vans will become Chevrolet models, the idea being to leverage Chevy's larger dealership network......»»
Dealership catches onto scammer, but plays along until cops arrest him
A video showing a customer taking delivery of two Kia Tellurides, then being arrested for allegedly using a fake driver's license, went viral on TikTok......»»
Behind the scenes: A dealership transaction in New Jersey
Automotive News gets glimpses of a dealership closing in Little Silver, N.J......»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
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......»»
Toyota, Lexus top Consumer Reports" reliability rankings for used cars
At the bottom of Consumer Reports' rankings were Tesla, Dodge and Chrysler......»»
The My Best Buy Plus membership essentially pays for itself after a few buys
If you shop at Best Buy you should consider subscribing to a My Best Buy Plus or Total membership for free two-day shipping, extra discounts, and more......»»
Judge upholds $350,000 award against Michigan dealership for wrongful repossession
A federal judge upheld a $350,000 punitive damages award against a Michigan dealership in a spot delivery and wrongful repossession case......»»
Service tip: Use each customer"s data during phone calls to ensure meaningful engagement
Service-to-sales phone calls are a crucial touchpoint in any dealership's customer engagement strategy, says Kurt Philippsen, dealer relations manager at automotiveMastermind......»»
CEO of failing hospital chain got $250M amid patient deaths, layoffs, bankruptcy
Steward Health Care System, run by CEO Ralph de la Torre, filed for bankruptcy in May. Enlarge / Hospital staff and community members held a protest in front of Carney Hospital in Boston on August 5 as Steward has announced it.....»»
2 FTC commissioners call dealership discrimination claim by agency an overreach
The Coulter Motor Co. case saw further debate among the Federal Trade Commission over the validity of the agency bringing discrimination claims using the FTC Act's unfair practices language......»»
CDK Global to pay $100 million to settle dealership antitrust suit
The proposed settlement, which requires a judge's approval, avoids a planned September trial. It does not affect other pending litigation against CDK......»»
Average dealership pretax profit slipped 33% in the first half of 2024, report says
The report from Presidio Group and NCM Associates also found the typical dealership hasn't reduced expenses quickly enough amid profitability declines......»»
Asbury Automotive sells Chevy store, Escude Automotive buys two S.C. stores
Publicly held Asbury Automotive Group sold another dealership, while Anderson Automotive Group also shed two stores......»»
Why dealership volumes at auctions are ‘No. 1 concern"
The role of AI and the potential impact of the presidential election also were among topics discussed by National Auto Auction Association leadership at Manheim Detroit......»»
Holman invests in FM Capital; both will boost auto tech deals
Holman is a conglomerate that owns a alrge dealership group and its own venture capital arm......»»
Private equity firm buys auto retail ID check, remote notary provider Mavsign
Maverick Document Signings, which provides remote notary and identification verification services to car dealerships, has been purchased by private equity firm 1876 Partners, Colonnade Securities said......»»