LMP Automotive closes on first franchised dealerships
LMP Automotive Holdings Inc. has purchased its first five franchised dealerships — two Kia stores in Florida, and Kia, Buick-GMC and Chevrolet stores in West Virginia. The company, which went public in December 2019, has aspirations to roll up doze.....»»
ZT Corporate buys 4 Greenway Automotive stores
ZT Automotive is owned by ZT Corporate, a wealth management firm that acquires and operates dealerships......»»
Top 5 stories of the week: Toyota"s big North Carolina investment; EV startups struggle
A quick look at the top automotive stories of the week as determined by reader interest......»»
VW"s Pablo Di Si to speak at Automotive News Congress
Other featured panelists include NADA CEO Mike Stanton and Amazon's Fan Jin.....»»
Automotive News is Magazine of Year
Automotive News won 3 National Gold Awards and 10 regional honors in the 2024 Azbees competition, as well as 3 Jesse H. Neal Awards......»»
Six public franchised dealership groups sweeten 2023 CEO pay with extras as Lithia"s DeBoer sees largest gain
Lithia, AutoNation, Asbury, Penske, Sonic and Group 1 pay a relatively modest base CEO salary but then sweeten compensation with other incentives. DeBoer's 2023 total jumps 73 percent......»»
CallRevu buys TotalCX, aims to dominate dealership calling tech
Private equity firm Serent Capital wants to grow CallRevu into a major player for retail automotive industry call monitoring analytics software......»»
Wildfire closes in on Canadian oil sands city
A wildfire in Canada's major oil-producing region doubled in size as it drew closer to the city of Fort McMurray on Wednesday, but officials were hopeful shifting winds could soon push it away......»»
Penske Automotive looks to sell some CarShop stores in UK, rebrand others
Penske Automotive Group is considering closing one CarShop store in the U.K......»»
Family Car Group to buy Moffitt Automotive
Family Car Group is set to buy Moffitt Automotive, which has Audi, Porsche, Mazda and Volkswagen dealerships in Louisiana......»»
Google wants to Streamline App Development for Android Auto
Google has announced a ton of new updates for Android across different categories, including automotive. The post Google wants to Streamline App Development for Android Auto appeared first on Phandroid. While day one of Google I/O was focu.....»»
Ex-Alabama coach Nick Saban dragged into UAW"s fight to unionize Mercedes plant
Saban, a co-owner in seven Mercedes-Benz dealerships, said his comments about college football unionization were used out of context in a pro-UAW ad......»»
Input from young and aspiring technicians wanted for survey
TechForce Foundation is soliciting feedback from new technicians and high school and post-secondary students enrolled in automotive training programs for its inaugural Techs Talk survey......»»
Volvo"s Q1 EV sales plunge: A momentary blip or a sign its 2030 plan is in jeopardy?
Volvo EV sales in the U.S. plummeted 65 percent in the first quarter. According to Cox Automotive estimates, it was the largest year-over-year percentage decline in the luxury segment......»»
iOS 17.5 just launched with a huge security feature for your iPhone
Apple has tried to stop stalking and other ill use cases with AirTags, but has failed against trackers from other brands. iOS 17.5 finally closes that gap......»»
Sonic Automotive aims to add 300 service technicians by year end
The groupso far this year has added about 40 technicians......»»
What will high vehicle prices and interest rates mean for the auto finance market in 2024?
Automotive News asked five auto finance experts to share their thoughts on these challenges and what affordability constraints might mean for the months ahead......»»
Top 5 stories of the week: Earnings from Rivian, Toyota and Nissan; GM"s fleet strategy
A quick look at the top automotive stories of the week as determined by reader interest......»»
New-vehicle inventory little changed at 2.86 million
New-vehicle inventories in the U.S. changed little in April, ending at 2.86 million vehicles, Cox Automotive said — safely under 3 million......»»
Group 1 Automotive"s Q1 acquisitions cost almost $700 million
The auto retailer also sold the Mike Smith Auto Complex in Beaumont, Texas, to Doggett Automotive Group in the first quarter......»»
GM logistics supplier Proficient Auto raises $215 million in IPO
The company, which transports finished vehicles from manufacturers and shipping ports to auto dealerships, provides services to GM, Stellantis, Toyota and other automakers......»»