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.....»»
Credit Acceptance posts Q2 net loss of $47.1 million as auto lender revamps cash flow forecasting
The average Credit Acceptance second-quarter auto loan financed $26,816 in principal and interest, paid the dealership a $12,278 advance and was slated to run for 61 months......»»
4 key moments in Fisker"s ongoing bankruptcy proceedings
Fisker won permission from the bankruptcy court in mid-July to sell more than 3,000 Oceans in inventory for $46.3 million, for an average price just over $14,000, according to court records......»»
Starling Automotive buys 3 dealerships, adds brands
Starling Automotive Group expanded in a spring acquisition, buying its first non-General Motors dealerships......»»
Sports car seating supplier Recaro files for bankruptcy in Germany
Recaro, the legendary sport seat supplier, is insolvent. The company has a long tradition, but now fears for its future......»»
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......»»
Legendary sports car seating supplier Recaro files for bankruptcy in Germany
Recaro, the legendary sport seat supplier, is insolvent. The company has a long tradition, but now fears for its future......»»
Stellantis sues dealership to avoid spending $180 million to buy back fleet vehicles
Stellantis has taken a North Carolina dealership to court to avoid having to repurchase several thousand unsold fleet vehicles at a cost of about $180 million......»»
Former dealer Joe Maus returns to auto retail with Chevrolet store
Former auto dealer Joe Maus purchased a Chevrolet dealership in South Carolina, his first acquisition after selling his stake in other stores the past few years......»»
How one car dealership group tackles health care insurance costs
A Carter Myers self-insured plan allows it to manage costs and potentially give leftover money back to help employees cover premiums......»»
Employee charged with stealing more than $50,000 from New York CDJR dealership
A Victory Chrysler-Dodge-Jeep-Ram employee in Rome, NY., allegedly stole more than $50,000 from the dealership and was charged with second-degree grand larceny and first-degree falsifying business records......»»
Hyundai dealership customer sues CDK over cyberattacks
A Hyundai dealership lease customer on July 22 joined other consumers who have sued CDK Global, alleging their data was put at risk by the June 19 cyberattacks suffered by the dealership management system provider. Ronaldo Proto of Connecticut filed.....»»
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......»»
Threat of slimmer used-car profits, supply allows for little slack in 2024, dealers say
Franchised dealership and auto retail group leaders spoke with Automotive News in June and July about used-car market certainties and uncertainties in 2024......»»
NHTSA investigates Stellantis over engine stalling concerns
NHTSA is investigating the 2022 Ram 1500 pickup and Jeep Wagoneer crossover over concerns related to Fiat Chrysler Automobile's 5.7L Hemi eTorque system. Consumers have reported engine stalling and loss of power......»»
Global cyber event affects dealership groups, suppliers
A technology stoppage, which crashed Microsoft Windows computer systems worldwide, stemmed from trouble with a software update from cybersecurity provider CrowdStrike Holdings Inc......»»
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......»»
Pennsylvania dealership employees sue CDK, say cyberattacks risked their data
Five more dealership employees have sued CDK Global in the U.S. Northern District of Illinois, alleging the cyberattacks suffered by the dealership management system in June threatened their personal information. Michael Paul Carvelli, Michael Robert.....»»
AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattack
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattacks
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Q2 earnings: CDK Global shutdown will hit all 6 public auto retailers, analysts predict
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»