The Intersection 5-22-22 | Automotive News

The Intersection 5-22-22 | Automotive News

A down-residence very hot streak in Georgia ELLABELL, Ga. — It was scorching, dusty … and historic. On a 95-degree Friday afternoon, Georgia Gov. Brian Kemp and his entourage of financial improvement generals descended on one of the state’s prized industrial qualities to announce about champagne and canapés that they experienced — finally — landed

MEMA presses Congress to pass competition bill

MEMA presses Congress to pass competition bill

WASHINGTON — As the auto sector endures world wide offer chain disruptions, including a semiconductor lack that emerged from the COVID-19 pandemic, a person trade association is hoping to prevent déjà vu. “Suitable now, our No. 1 general public plan issue is to get passage of the level of competition monthly bill that is producing

Fuccillo Automotive Group sells 10 dealerships in New York

Fuccillo Automotive Group sells 10 dealerships in New York

Darwish, formerly a minority partner in a New Jersey Audi dealership and a platform supervisor for Napleton Automotive Team, claimed that right after getting into into an agreement with Fuccillo in August 2020, he ran into many delays. His lawyer’s workplace shut down mainly because of COVID-19, and Darwish contracted the disorder. “I just about

Why Stellantis retreated from ‘burdensome’ contract term changes for suppliers

Why Stellantis retreated from ‘burdensome’ contract term changes for suppliers

“It demonstrates that you do have a say and you really don’t have to just indication up for what’s staying put out there,” Jorissen mentioned. “In that respect it is a large gain. If they go again to the very last productive Stellantis conditions, they’re continue to challenging OE conditions. It really is not like

Buy-Sell Q&A: Where the Automotive M&A Market is heading

Buy-Sell Q&A: Where the Automotive M&A Market is heading

Q: Are there any pitfalls that sellers ought to be aware of that could influence their profitability and valuations? A: The short-phrase risk we see is the risk of a economic downturn. Some economists predict that we’re most likely to have a economic downturn in 2023, which would lower desire for vehicles and most likely

The Intersection 5-15-22 | Automotive News

The Intersection 5-15-22 | Automotive News

2021 was the year of the invest in-market In March 2021, Automotive Information, sensing a want from our viewers, made the decision to make a transform and bulk up our coverage of new-car or truck dealership mergers and acquisitions, regarded colloquially as acquire-sells. For Automotive News, that meant much more editorial methods devoted to the

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