Car and Driver Following auto sales in 2022 requires careful managing of expectations. Because supply-chain issues continue to affect dealer inventories, it’s difficult for those in the market to find new vehicles to buy—let alone for a reasonable price. So it’s no surprise that many automakers are reporting sales declines […]
Automotive News
Alfa Romeo Planning a Battery-Electric Flagship SUV
Alfa Romeo programs to develop an all-electrical SUV bigger than the Stelvio, above, to compete versus BMW. Alfa Romeo will launch an all-electrical SUV in 2027. The flagship battery-electrical SUV will be more substantial than the midsize Stelvio and will contend with the BMW X5, a car an manufacturer that […]
Foundation Automotive Acquires SOUTHFORK CDJR in Houston, TX., Their 30th Dealership
HOUSTON, March 31, 2022–(Business WIRE)–Basis Automotive Corp. is pleased to announce the addition of SOUTHFORK Chrysler Dodge Jeep Ram to their fast escalating automotive team. SOUTHFORK, situated on the South Freeway in the Manvel-Pearland, TX area, is the 30th dealership for Foundation, with far more to arrive in 2022. This […]
ATA National Title Group Expands in Ohio and Kentucky Markets with InTitle Agency Merger
FARMINGTON HILLS, Mich., July 26, 2019 /PRNewswire/ — ATA Nationwide Title Group, LLC (ATA) – a comprehensive-service title insurance plan agency centered in Farmington Hills, Mich. – currently introduced that it has merged with InTitle Company to develop its protection in Ohio and Kentucky. Working less than the ATA umbrella, […]
Consolidation: Fewer Companies Operate Car Dealerships Every Year
The range of car or truck dealerships in the U.S. remained somewhat steady in 2021, but fewer businesses have them. Which is the conclusion Automotive Information attained in its annual examine of the dealership market. Motor vehicle dealerships had been as soon as largely regional corporations. But, these days, huge […]
12,600 Shares in Penske Automotive Group, Inc. (NYSE:PAG) Bought by NN Investment Partners Holdings N.V.
NN Investment Companions Holdings N.V. acquired a new place in Penske Automotive Team, Inc. (NYSE:PAG – Get Rating) in the 4th quarter, according to its most modern filing with the Securities & Trade Fee. The fund purchased 12,600 shares of the company’s stock, valued at somewhere around $1,351,000. A range […]
The Headlight News Podcast Offers up the Latest Automotive News
Each and every 7 days TheDetroitBureau.com reports on the largest information and gatherings going on in the automobile field and relays those stories in its weekly the Headlight News podcast. The roundup includes news, capabilities, reviews and extra. The Maserati Grecale manufactured its debut very last 7 days, serving to change […]
Group 1 Automotive buys Toyota dealership from Asbury Automotive Group
Team 1 Automotive Inc. has ordered a Toyota dealership in New Mexico from Asbury Automotive Group Inc. — a shop Asbury had owned for just a few months. Team 1 explained Monday that it bought Larry H. Miller Toyota Albuquerque on Friday, marking the community car retailer’s 17th Toyota dealership […]
Kia dealership sues LMP Automotive following failed acquisition
A Connecticut Kia dealership this week sued LMP Automotive Holdings Inc., alleging breach of contract and looking for $100,000 in deposits held in the failed acquisition. But a law firm for the dealership explained a resolution could previously be in the operates. K & W Enterprises and Ash Road Holdings […]
Porsche on the verge of announcing Formula One partnership: Report
The Volkswagen Group is reportedly fairly probable to give equally Audi and Porsche the proverbial inexperienced light-weight to pursue partnership entries in Components A single. With new motor rules set to go into result for the 2026 period, this offers Audi and Porsche an option to stage in and make […]
BMW Built 20,000 Fewer Cars In March Because Of Ukraine Crisis: Study
Apart from a humanitarian catastrophe, the ongoing disaster in Ukraine is wreaking havoc in the business environment. The automotive industry is one particular of the most influenced as source chains have been disrupted, creating pauses in manufacturing at a lot of factories. A new review carried out by world wide […]
Short Interest in Mullen Automotive Inc (NASDAQ:MULN) Expands By 359.1%
Mullen Automotive Inc (NASDAQ:MULN – Get Score) was the concentrate on of a significant progress in brief desire through the month of March. As of March 15th, there was short interest totalling 8,860,000 shares, a progress of 359.1% from the February 28th whole of 1,930,000 shares. Primarily based on an […]
The News for April 1st, 2022
Welcome to the Hooniverse News! As always, this is a weekly recap of the biggest stories in the automotive industry without the fluff or bull. This week: Toyota stuns with GR Corolla and it’s headed stateside, Ford promises more affordable off-road performance with F-150 Rattler, Toyota is preparing a one-make GR86 Cup […]
Mullen Automotive pulls back despite broader market rally
NASDAQ:MULN fell by 3.54% for the duration of Thursday’s trading session. Mullen sees an additional working day of lessen buying and selling volume. EV stocks increase as the sector continues to rebound from the NASDAQ correction. NASDAQ:MULN could be looking at the conclusion of its recent warm streak, as the […]
Buyer Beware: How to Avoid Dealer Markups in 2022
Looking through Time: 5 minutes While locating a new motor vehicle currently can be challenging, striking a fantastic offer is tougher. It’s a seller’s marketplace. In other phrases, even the fairest dealers never have an incentive to dicker, so be geared up to pay out sticker. With that little bit […]
Outlook on the Automotive Semiconductor Global Market to 2028
Company Logo Global Automotive Semiconductor Market Global Automotive Semiconductor Market Dublin, March 25, 2022 (GLOBE NEWSWIRE) — The “Automotive Semiconductor Market Size, Share & Trends Analysis Report By Component (Processor, Sensor, Memory), By Vehicle Type (Passenger Vehicle, LCV, HCV), By Application, By Region, and Segment Forecasts, 2021-2028” report has been […]