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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 carmaker Tesla Motors Inc TSLA.O said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000-plus vehicle, reported Reuters. Tesla announced that the drive unit warranty on the Model S has been increased to match that of the battery ... Read More »
Read More →STRONGSVILLE, Ohio — National Automotive Experts has purchased a new building and is planning to greatly expand its offices later this year, RV Daily Report has learned. The company that offers the RV Warranty Forever program, as well as several other products, including ancillary and service contracts for the RV industry, has outgrown its 24,000-square-foot ... Read More »
Read More →Nearly five months after Toyota Motor Corp. agreed to a $1.2-billion settlement with the U.S. Justice Department the two sides agreed on a monitor for the Japanese maker’s safety compliance efforts: former U.S. Attorney David Kelley, reported The Detroit Bureau. In March, Toyota pleaded not guilty, but acknowledged wrongdoing in its handling of cases of ... Read More »
Read More →SANTA MONICA, Calif. — TrueCar posted a record $50.5 million in revenue in the second quarter, a 62% increase from a year ago. This was the first time the company has exceeded $50 million in quarterly revenue, noted TrueCar CEO Scott Painter. In April, the company filed for an initial public offering of its common ... Read More »
Read More →KINGSTON, Pa. — A former employee of Wyoming Valley Motors BMW was sentenced Monday to four years of probation, with the first 12 months to be served under house arrest. The woman, who pleaded guilty in June to a single count of theft, stole $52,500 from the dealership, reports Citizensvoice.com. Between May 2013 and October ... Read More »
Read More →WOODCLIFF LAKE, N.J. — The summer sales momentum continued in July, with light vehicle sales increasing 5% from a year ago to 1.435 million units, according to Autodata Corp. This July SAAR came in at 16.48 million units, up from 15.76 million in July 2013 but down from 16.9 million in June. The following is ... Read More »
Read More →General Motors will start construction this fall on a $174 million stamping plant in Lansing, Mich., that will make components for the nearby Lansing Grand River assembly plant, the company said on Wednesday, reported The New York Times. The plant, which will stamp steel into auto components like hoods and door panels, will create or ... Read More »
Read More →Lawyers from across the United States gathered in Manhattan Monday to jockey for leadership roles in litigation against General Motors over a faulty ignition switch that has prompted the recall of millions of vehicles, reported Reuters. Nearly 40 lawyers waited for hours to make four-minute pitches to U.S. District Judge Jesse Furman, who is overseeing ... Read More »
Read More →Chrysler Group LLC on Tuesday announced the establishment of a new office called “vehicle safety and regulatory compliance” led by a veteran company senior vice president, Scott Kunselman, reported Reuters. The move comes as U.S. automakers are under increased scrutiny over safety issues, and after Chrysler’s cross-town rival, General Motors Co, established a similar office ... Read More »
Read More →As auto makers gear up to offer technology that automates the most grinding parts of a daily drive, getting customers on board could be the easy part. It is the regulators and insurance companies that may need the hard sell, reported The Wall Street Journal. Between now and 2016, an increasing number of car makers ... Read More »
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