Triunity Automotive buys Pendragon JLR dealership
Triunity Automotive Group has purchased a Jaguar-Land Rover store in California from Pendragon, a public dealership group in the United Kingdom, that is selling its U.S. stores......»»
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......»»
Penske Automotive rebrands UK CarShop business, sells 3 stores
Penske Automotive Group Inc.'s CarShop stores in the United Kingdom now use the Sytner Select name......»»
Top 5 stories of the week: Stellantis sues dealership over fleet dispute; Toyota testing scandal widens
A quick look at the top automotive stories of the week as determined by reader interest......»»
Intel"s grim forecast could concern automakers in wake of microchip crisis
Intel is a major supplier of semiconductors to the automotive industry, having supplied chips installed in more than 50 million vehicles. Intel says 18 automakers have vehicles with Intel chips on the road for use in their EVs and software......»»
Sneak a peek inside the secretive new global headquarters that will lead Lexus into the EV age
Lexus finally moves into its new, unified global headquarters, a sprawling high-tech R&D and design center nestled into a forest-covered mountain. Automotive News went on an exclusive first tour of the facility......»»
Take AN"s exclusive tour of Lexus" new high-tech HQ in mountains of Toyota City
Lexus finally moves into its new, unified global headquarters, a sprawling high-tech R&D and design center nestled into a forest-covered mountain. Automotive News went on an exclusive first tour of the facility......»»
Lithia dealership sued after fatal Challenger test-drive crash
The daughters of a Texas motorist killed after her car was struck by a Lithia dealership's Dodge Challenger allegedly traveling at least 100 mph during a test drive have sued the store as well as the driver and salesman allegedly inside the muscle ca.....»»
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 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......»»
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......»»
Starling Automotive buys 3 dealerships, adds brands
Starling Automotive Group expanded in a spring acquisition, buying its first non-General Motors dealerships......»»
Petra Cares" technician training program celebrates one year of changing lives
Launched last year by the Petra Cares Foundation, the philanthropic arm of Petra Automotive Products, the project aims to provide at-risk youth and foster children aging out of the foster care system with the tools to jump-start a career as a mechani.....»»
Penske Automotive Q2 net income falls 20% on higher interest costs
Penske Automotive Group net income dropped in the second quarter, though the auto retailer posted record second-quarter revenue of $7.7 billion......»»
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......»»
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......»»
Data analytics leaves many dealers wary, confused, study finds
A new Cox Automotive study found that data analytics tools aren't yet meeting their potential......»»
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." .....»»
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......»»
Cox: Wholesale vehicle valuations tool adds automakers" factory-installed options
Cox Automotive said it has enhanced the Manheim Market Report, its wholesale vehicle valuations tool......»»
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......»»