Innovations in electric motor vehicles, EV batteries and recharging, automatic driving and more have created it to the finalist section of the 2022 Automotive News Speed Awards. Pace judges will evaluation the innovations of 31 finalists for the awards, to be presented at a ceremony on Sept. 19 at the Max M. and Marjorie S.
RDS Automotive Group expanded its portfolio of models — on both equally finishes of the spectrum — with acquisitions in late 2021 and early 2022. The luxury-focused group not only acquired just one of the market’s rarest dealership offerings in Ferrari, it also purchased a primary-line volume dealership in Nissan. RDS Automotive, of Newtown Sq.,
A Connecticut Kia dealership this 7 days sued LMP Automotive Holdings Inc., alleging breach of agreement and seeking $100,000 in deposits held in the unsuccessful acquisition. But a lawyer for the dealership explained a resolution might previously be in the functions. K & W Enterprises and Ash Street Holdings sued LMP and Very first American
Napleton Automotive Team, one of the major U.S. dealership groups, will pay back a record $10 million to settle a Federal Trade Commission vehicle lending case for allegedly throwing unlawful “junk charges” and include-ons into consumer contracts and for charging extra in financing Black customers. Napleton on Friday “vehemently” denied all wrongdoing. The FTC, in
Jeff Wyler Automotive Spouse and children Inc. of Milford, Ohio, has acquired 7 dealerships from Top-quality Automotive Group in its most significant-at any time acquisition, incorporating to its existence in the Buckeye State via many import brand names and its to start with Acura dealerships. The transaction, which shut Thursday, was for 3 Hyundai dealerships,
Florida team adds GM retail store Starling Automotive Group obtained its sixth Basic Motors dealership when in purchased a Florida Buick-GMC retail outlet late in the fourth quarter of 2021. Starling Automotive on Dec. 13 bought Carl’s Buick-GMC in Stuart from retiring seller Carl Fischer, reported Andrew Starling, one of the group’s supplier principals. The