CarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new debt financing to accelerate product development and pursue further market expansion.
Continue Reading the above article 'CarNow eyes expansion, possible acquisitions after...
Dodge sold about 17,000 Hornets in the crossover's first year on sale in the U.S. and it working to build more buzz with an ad campaign that started this month.
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Tesla adds adaptive suspension, improved sport seats and carbon-fiber interior accents. The performance trim is also the only Model 3 eligible for the $7,500 EV credit, making it a bargain.
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The investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026.
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Rosenthal Automotive Organization divested four Philadelphia area dealerships it bought in June 2022 from Sussman Automotive Group.
Continue Reading the above article 'Fred Beans buys 4 Rosenthal Automotive dealerships...
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue.
Continue Reading the above article 'Asbury Q1 net income slips 19%; $4.2 billion in re...
Mobileye Global reported a sharp fall in first-quarter revenue on Thursday, hurt by fewer orders for its driver-assistance chips as clients rein in spending amid an uncertain economy and excess inventory.
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The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income.
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Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker.
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While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership.
Continue Reading the above article 'New GM North America chief Marissa West has deep t...
