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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.
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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.
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A Newport woman is going to federal prison for 15 months for her part in a $368,000 embezzlement scheme, the U.S. Attorney’s Office in Vermont said Monday, reported Burlington Free Press. Manon Cote, 47, had admitted to committing forgery between January 2007 and January 9, 2012 in connection with the money stolen from DeLaBruere’s Auto ... Read More »
Read More →OMAHA, Neb. and PHOENIX, Ariz. — Van Tuyl Group, one of the largest privately-owned dealer groups in the United States, announced Thursday that it will be acquired by Warren Buffet’s Berkshire Hathaway Inc., the billionaire’s holding company. After the acquisition, the group will be known as Berkshire Hathaway Automotive. The Van Tuyl Group, which has ... Read More »
Read More →With the landmark listing of Fiat Chrysler Automobiles less than two weeks away, CEO Sergio Marchionne has a clear criterion for success: more than half of the merged company’s shares changing hands in New York instead of Milan, reported Reuters. “If we do more volumes in New York than we do in Milan, that’s a ... Read More »
Read More →General Motors Co. capped the week by issuing three new recalls covering almost 60,575 vehicles in North America — the biggest for an ignition switch issue on some Pontiac G8 and Chevrolet Caprice police patrol vehicles, reported The Wall Street Journal. The auto maker has now issued six separate recalls over the past three days ... Read More »
Read More →U.S. auto sales in the third quarter were the best in eight years, but mixed September results from leading automakers on Wednesday indicated the industry’s torrid summer pace is slowing, reported Reuters. Industry sales in September rose 9 percent, to 1.24 million vehicles, according to research firm Autodata, just missing expectations of nine analysts surveyed ... Read More »
Read More →American consumers are buying new cars and trucks at the strongest pace in years, offsetting car makers’ troubles elsewhere and leading the biggest U.S. auto maker to forecast fat profits ahead, reported The Wall Street Journal. Overall U.S. sales rose 9% last month compared with the same period in 2013 to a nearly decade high. ... Read More »
Read More →Germany automaker Volkswagen sold more than 7.5 million passenger cars and heavy trucks between January and September, Chief Executive Martin Winterkorn said on Wednesday at the Paris auto show, reported Reuters. Europe’s largest automaker is “well on the way” to achieving a target of 10 million vehicle sales this year, four years earlier than originally ... Read More »
Read More →Chrysler Group LLC on Wednesday reported its third straight month of double-digit gains in the U.S. market, selling 19 percent more vehicles in September than a year ago, an indication that industry strength continued as summer waned, reported Reuters. A Reuters survey of nine industry analysts showed expectations of a 10 percent rise to about ... Read More »
Read More →Nissan Motor Co reported its U.S. sales for September rose 18.5 percent at 102,955 vehicles, beating analysts’ expectations, reported Reuters. Nissan’s namesake brand showed sales were up 22 percent at 95,118 vehicles and its luxury Infiniti brand sales fell 13 percent at 7,837 vehicles. Analysts surveyed by Reuters had expected Nissan’s sales to rise 13 ... Read More »
Read More →MINEOLA, N.Y. — This week, A federal judge denied a motion filed by CARFAX to dismiss a $350 million antitrust lawsuit brought against the provider of vehicle history reports by more than 750 dealerships. The case, filed by Bellavia Blat on behalf of the dealers in April 2013, is being heard in the U.S. District ... Read More »
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