MEMPHIS, Tenn.– Mullen Automotive is scheduled to get started creating professional electric powered cars subsequent year in Tunica County, Mississippi, bringing hundreds of employment to the location. The corporation will be generating the cars at a freshly acquired residence in Indiana and generate electric powered commercial cargo autos at its facility in Tunica County, formerly
Lauren Morrison states that as a young girl rising up in a little Alabama city, “I never ever could have imagined doing the job at an OEM.” As an alternative, she suggests she needed to be a school principal. “But I was fortunate, since in college or university I was at spots that were intentional
CHICAGO — Penske Automotive Group Inc. is recognizing when to pivot on particular strategies. Acquire its standalone utilised-car organization CarShop, for instance. Retaining in stride with an at any time-evolving current market environment entailed Penske stepping back and putting its used-car or truck method under the spotlight. Before this calendar year, Penske slowed its
Penske Automotive Team Inc.’s second-quarter net profits jumped as the organization recorded its most financially rewarding quarter at any time, even amid a slight fall in revenue and lower new- and applied-car or truck sales. Next-quarter web cash flow rose 10 percent from a 12 months before to $375.9 million. Income, which Penske reported was harm
The partnership in between publicly traded conglomerate Graham Holdings Co. and Chris Ourisman of Ourisman Automotive Group, which indicated it was wanting to extend following its buy of a Ford keep final 12 months, acquired two Virginia dealerships previous 7 days. Graham Ourisman Automotive on July 5 bought Lustine Toyota and Lustine Chrysler-Dodge-Jeep-Ram, the two
LMP Automotive Holdings Inc. has sued two dealership homeowners, trying to find a mixed $3 million in deposits the vehicle retailer produced to obtain retailers and assets in New York and Texas. The lawsuits adhere to LMP Automotive terminating the bargains this year. An affiliate of the Fort Lauderdale, Fla., retailer submitted a lawsuit May