Morrie"s acquires 6 Wis. dealerships
Morrie's Auto Group acquired the dealerships from Brenengen Auto Group. The deal brings Morrie's footprint to 20 rooftops in Minnesota and Wisconsin......»»
Survey: Most dealerships have no EVs and some don"t want any
Two-thirds of dealerships said they didn't have any EVs in stock. Of those stores, 45 percent said they wouldn't sell EVs even if they could get some......»»
Luminar CEO Austin Russell acquires majority stake in Forbes magazine
Russell, the 28-year-old CEO of Luminar Technologies, plans to serve as a visionary for the Forbes brand and won’t be involved in day-to-day operations......»»
Hammerspace acquires Rozo Systems to help users accelerate data analytics
Hammerspace acquires Rozo Systems to expand the performance and hyperscale capacity capabilities of its unstructured Data Orchestration System. Data-driven organizations have rapidly become more decentralized, with files being created, analyzed, and.....»»
Ford, Chevy and Buick-GMC-Cadillac dealerships sell across 4 states
A new group bought its first dealership, another expanded to four stores in Oklahoma, a Michigan dealer acquired a Ford location, and a group on top 150 dealerships bought two stores in New York......»»
NADA Data: 2022 new-car inventory up; vehicle sales per dealership down
Franchise dealerships' total payroll in 2022 was up from 2021, but the average number of new and used vehicles sold per employee fell......»»
Foxconn acquires more land in southern India for smartphone manufacturing
According to a filing by Foxconn Tuesday night, the world's largest electronics manufacturer has bought land near Bengaluru for future operation......»»
Evolutionary cell biology study shows how energy production can be optimized to ensure rapid growth without respiration
In a paper published today, researchers from the Randall Centre for Cell & Molecular Biophysics and The Crick use an evolutionary cell biology approach in two related fission yeasts, one that acquires energy by respiration and one that doesn't, to fi.....»»
Ford, Stellantis and GM car dealerships sell in Iowa and Arizona
Stores in Iowa and Winslow, Ariz., a town immortalized by the Eagles hit "Take It Easy," sell in 2022 deals......»»
Group 1 acquires 3 Buick-GMC dealerships in Texas
Group 1's purchase of 'uniquely high-volume stores' from Beck & Masten group is expected to generate $760 million in annual revenue......»»
Quantum lidar prototype acquires real-time 3D images while fully submerged underwater
For the first time, researchers have demonstrated a prototype lidar system that uses quantum detection technology to acquire 3D images while submerged underwater. The high sensitivity of this system could allow it to capture detailed information even.....»»
Morgan Automotive Group buys 4 dealerships in Florida, including its first in Miami
Morgan Automotive followed its acquisitive 2022 by adding 4 dealerships so far this year and has entered the Miami market......»»
Mozilla acquires review-checking, scammer-spotting service Fakespot for Firefox
Other versions will remain available, but Firefox will get some exclusive tools. Enlarge / Fakespot adds letter grading, adjusted review scores, and other context ("New Seller Alert") to product pages across the web. (credit: Ama.....»»
Credit Acceptance net income drops 54% in Q1, but loan volume up
Credit Acceptance Corp. took on 89,821 auto loans from car dealerships during the first quarter of 2023, up 23 percent from a year earlier......»»
Group 1 CEO Kenningham views some car dealerships as overpriced
Group 1 Automotive Inc. is calling out some dealership sellers who it believes are pricing their businesses unrealistically high. "There is a certain portion of sellers that have unrealistic expectations," Group 1 Automotive CEO Daryl Kenningham s.....»»
Stellantis, GM, Mazda and Ford dealerships sell across 4 states
Domestic and import dealerships in Massachusetts, Virginia, Wisconsin and Indiana traded hands in three first-quarter deals and a third-quarter 2022 transaction......»»
Goode Motor goes big with Alaska exploration
After its March purchase of two Juneau, Alaska, stores representing eight brands, Goode Motor Auto Group owns all the new-vehicle dealerships in the Alaska capital, according to CEO Matt Cook......»»
Sonic Automotive Q1 net income drops 51%
Sales at Sonic Automotive's EchoPark brand rose 34 percent in the first quarter, but the auto retailer saw lower gross profits per new and used retail vehicles, as well as lower sales volume from its franchised dealerships......»»
Lithia exits Alabama with sale of Subaru store; sells 2 other dealerships in Q3 deals
Lithia Motors made its first divestiture of 2023 with the sale of a Subaru store in Alabama, which was the auto retail giant's entry into the southeastern state. The group also sold two other dealerships last year in third-quarter transactions......»»
Meta"s revised auto listing restrictions have mixed effect on dealers
Meta as of Jan. 30 stopped letting dealerships create used-vehicle listings using a Facebook business page......»»
Asbury net income, revenue down in Q1 after stores dropped in 2022
Asbury sold 16 dealerships in 2022: Four in the first quarter, three in the second, and nine in the fourth......»»