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
Comprehensive details of the German automaker’s spending designs were not unveiled. For illustration, irrespective of whether its planned enhance in North American battery output would be finished in-dwelling or in partnership with a supplier. Battery-maker SK Innovation constructed a plant in Georgia to source VW’s initial EV assembly operations in Chattanooga. In reviews very last
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Dennis & Co. Automobile Group, with the invest in of a Chevrolet-Cadillac shop in New York in February, has extra 6 dealerships to its portfolio considering the fact that mid-2021. Dennis & Co. of West Nyack, N.Y., on Feb. 8 purchased Barton Chevrolet-Cadillac in Newburgh, N.Y., from Rob Barton. The dealership — which just prior
What has been the fiscal toll of the chip crisis? For a part that is it’s possible value $1, we would fork out perhaps $10 or $20 or $50 — and in some scenarios even $100 — for a chip just to stay clear of stopping the manufacturing. It has been a large challenge. We
Team 1 Automotive Inc. has completed the acquire of 27 dealerships from Prime Automotive Team — about a 7 days in advance of its planned date to shut on the mega transaction it declared in September that was expected to expense $880 million. Team 1, of Houston, mentioned the closing to day bundled “substantially all