News
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
AE Magazine
MENU
SEARCHMENUSEARCHA collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Fiat Chrysler Automobiles has asked for a new trial following one that ended early in April with a Georgia jury awarding $150 million to the family of a 4-year-old boy killed in a fiery crash involving at 1999 Jeep Grand Cherokee, reported Reuters. Evidence and the law did not support that verdict in April, the ... Read More »
Read More →General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity, reported Reuters. The No. 1 U.S. automaker said in its annual sustainability report that lower gasoline prices and a “surge” in model offerings from all automakers ... Read More »
Read More →Toyota Motor Corp said it will crank net profit up to a third straight record this year as cost cuts and rising U.S. sales offset weaker business elsewhere, building on bumper earnings last year powered largely by foreign-exchange gains, reported Reuters. Reporting net income jumped 50 percent in the quarter ended March, the world’s top-selling ... Read More »
Read More →Volkswagen’s Audi luxury division said on Friday sales increased 2.5 percent in April to 152,850 cars and sport-utility vehicles, the highest-ever level recorded for any month in the carmaker’s history, reported Reuters. Sales in Europe edged up 0.9 percent as gains in Italy and Spain offset a 42 percent slump in deliveries in Russia to ... Read More »
Read More →
Volkswagen said it would try to find a new chairman quickly and announced a long-planned tie-up of its truck brands, seeking to return the focus to business following the carmaker’s shock ouster of former patriarch Ferdinand Piech, reported Reuters. Chief Executive Martin Winterkorn, who survived the public showdown that triggered Piech’s resignation last month, told ... Read More »
Read More →LAKE FOREST, Calif. — Reinsurance program management provider Portfolio has relocated its headquarters from Irvine, Calif., to a nearby 42,000 square foot building in the Palm Terrace office campus in Lake Forest. “In late 2013, we began the search for a new facility, and our efforts were accelerated last year as we experienced a 22% ... Read More »
Read More →MCLEAN, Va. — Falling gasoline prices and continued pent-up demand have spurred spending on new cars and light trucks, with average retail transaction prices rising more than 3% in the first quarter compared to the same period a year ago, the National Automobile Dealers Association (NADA) reported this week. The average retail transaction price for ... Read More »
Read More →
