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 →
DETROIT, MI – Chrysler Group LLC announced Tuesday it is recalling 184,215 SUVs, including 126,772 in the U.S., to replace a part in the vehicles’ airbag systems, reported Michigan Live. The occupant restraint control modules in certain model-year 2014 Dodge Durango and Jeep Grand Cherokee SUVs could have an electrical short-circuit, causing air bag warning ... Read More »
Read More →Fiat Chrysler Automobiles (FCA) makes its Wall Street debut to great fanfare on Monday, shifting the carmaker’s center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne, reported Reuters. The world’s seventh-largest auto group has sought the U.S. listing to help to establish itself as ... Read More »
Read More →Sergio Marchionne, CEO of Fiat SpA and Chrysler Group LLC, plans to step down at the end of 2018 after completing a five-year turnaround plan for the new Fiat Chrysler Automobiles NV, reported The Detroit News. Marchionne, 62, told Bloomberg Businessweek that he will “undoubtedly do something else” after the plan, outlined earlier this year, ... Read More »
Read More →Tesla Motors Inc. plans to offer hands-free highway driving in its Model S electric sedans in 2015, putting it as much as a year ahead of other luxury brands in offering autopilot functions in automobiles, according to people familiar with the company’s plans, reported The Wall Street Journal. Other auto makers, including General Motors Co. ... Read More »
Read More →HARRISBURG, Pa. — The state Superior Court upheld a ruling last week that awarded the driver and five passengers in a Toyota minivan $15.6 million from Center City Toyota and Ardmore Toyota. The plaintiffs alleged that the dealerships had failed to properly inspect the vehicle, which malfunctioned and careened into a ravine, reports The Legal ... Read More »
Read More →YONKERS, N.Y. — An administrative judge from New York’s Department of Motor Vehicles said Wednesday that General Motors’ (GM) statewide sales benchmark is unreasonable, ruling that the automaker cannot enforce a post-bankruptcy agreement with one of its dealers, Beck Chevrolet Co. Inc. Administrative Law Judge Walter Zulkoski found that the manufacturer’s sales benchmark was unfairly ... Read More »
Read More →CARSON, Calif. — AutoMD Inc., previously a wholly-owned subsidiary of U.S. Auto Parts Network Inc. (PRTS), announced that Federal-Mogul Motorparts — a division of Federal-Mogul Holdings Corporation — Cox Automotive Inc., and existing U.S. Auto Parts investors have purchased a minority stake in AutoMD. In connection with their investment, Federal-Mogul will also provide strategic support ... Read More »
Read More →The Oak Group has entered into a strategic alliance partnership with Total Warranty Services, Inc. (“TWS”) of West Palm Beach Florida. Founded in 1975, The Oak Group (including its related affiliates) is a leading master general agency and third-party administrator of vehicle service contracts (“VSCs”) and related ancillary products sold through automotive dealerships nationwide. Oak’s ... Read More »
Read More →
DETROIT, Mich. – Competition in automotive retailing is the cornerstone of the franchised new-car dealer network which benefits both car buyers and automakers, said Forrest McConnell, chairman of the National Automobile Dealers Association. “Competing with the dealer down the street or on the Internet benefits car buyers across the nation,” McConnell said today in remarks ... Read More »
Read More →
