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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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Electric-car maker Tesla Motors may have to stop selling vehicles in Georgia, reported the LA Times. An auto dealers association has asked Peach State officials to bar the Palo Alto-based company from offering its Model S sport sedans and upcoming Model X SUVs at its Atlanta-area retail store. The Georgia Automobile Dealers Assn., in a ... Read More »
Read More →DETROIT — General Motors Co. today increased its financial support of General Motors Financial Co. (GM Financial), providing the captive finance company with a new $1 billion line of credit. The new support agreement replaces an existing $600 million credit line. It also provides that GM will use commercially reasonable efforts to ensure that GM ... Read More »
Read More →MINEOLA, N.Y. — The law firm that filed a $350 million antitrust lawsuit against Carfax now represents over 700 dealership plaintiffs — up from just 124 when the suit was originally filed in May 2013. Bellavia Blatt Andron & Crossett, P.C. alleges that Carfax has illegal alliances with key players in the auto industry, which ... Read More »
Read More →Total auto sales were up 5.5 percent year-over-year to 1,582,675 units in August, fueled by heightened demand for pickup trucks and smaller SUVs, reported Michigan Live. For the Detroit Three, Chrysler Group easily had the most impressive results, selling 19.8 percent more vehicles on an annual basis last month. GM’s sales slid by 1.2 percent, ... Read More »
Read More →Fiat SpA may sell as much as $1.04 billion in shares to reduce debt and gain local investors after the carmaker formed from merging with Chrysler Group LLC lists stock in the U.S., according to Bloomberg News calculations, reported The Detroit News. The company may have as many as 104.2 million shares available for sale ... Read More »
Read More →Fiat SpA shareholders came close to derailing a corporate reorganization on which the creation of the combined Fiat Chrysler Automobiles group depends, according to data the company released Thursday, reported The Wall Street Journal. Investors in the Italian auto maker last week tendered shares worth €464 million ($608 million) as they exercised their right to ... Read More »
Read More →Austin, Texas – IAS, a leading provider of F&I solutions to automobile dealerships, announced the completion of a certification process by Autosoft, giving SmartDealerProducts dealers the ability to integrate with the Autosoft DMS in real time, without the need for a hostile interface to the dealer’s system. The addition of integration with Autosoft gives the ... Read More »
Read More →Austin, Texas – IAS, a leading provider of F&I solutions to automobile dealerships, today announced that two of its executives will participate in the Industry Summit on September 8-10, 2014 at the Paris Hotel in Las Vegas, Nevada. Eric “Frenchy” Mélon is slated to take on the responsibility as emcee for the F&I track of ... Read More »
Read More →WESTERVILLE, OH – National Auto Care Corp. (NAC), a leading administrator of vehicle service contract and ancillary programs, is excited to announce the appointment of Tim Burgess to Vice President of Actuarial & Product. Mr. Burgess will lead the pricing activities for NAC including new product development and the enhancement of existing products. He is ... Read More »
Read More →Hanover, Md. – Hudson Cook, LLP, a nationwide provider of legal compliance services for the financial services industry, announces that it has added as partners two nationally-recognized collections attorneys, Gary Becker and Barbara Sinsley, to its existing collections practice. Gary and Barbara will join current Hudson Cook attorneys in creating a new practice group to ... Read More »
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