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Franchise Equity Partners reveals $55M minority stake in Parks Automotive Group
Auto June 2, 2023 , by BizLizzy Reporter
Franchise Equity Partners invested $55 million in Parks Automotive Group, to acquire a minority stake in the […]
NHTSA fails government audit for missing deadlines
Auto June 2, 2023 , by BizLizzy Reporter
In a report released Wednesday by the U.S. Transportation Department’s Office of Inspector General, auditors reviewed a […]
Elon Musk political shift seeks new Tesla buyers, analyst says
Auto June 2, 2023 , by BizLizzy Reporter
Musk’s embrace of conservative Republican presidential candidate Ron DeSantis and hot-button topics on Twitter could help Tesla […]
Stellantis, GM pay $363 million in U.S. fuel economy penalties
Auto June 2, 2023 , by BizLizzy Reporter
The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and $128.2 […]
GM battery materials investment in Quebec to top $1 billion
Auto June 2, 2023 , by BizLizzy Reporter
General Motors and South Korea’s Posco Future M said they will invest more to expand the production […]
Kia, Hyundai anti-theft software fixes a work in progress
Auto June 2, 2023 , by BizLizzy Reporter
Kia and Hyundai have notified dealers that there are problems with a software fix that’s being offered […]
Kia no longer just a value brand, says America CEO Sean Yoon
Auto June 2, 2023 , by BizLizzy Reporter
Kia America CEO Sean Yoon said the company has gone through a transformative image overhaul, with new […]
3-row VW ID Buzz poised to make a bigger splash in North America
Auto June 2, 2023 , by BizLizzy Reporter
The electric, modern-day interpretation of Volkswagen’s Microbus for North America has one more row, a bigger battery […]
Canadian partners buy first dealership, in the U.S.
Auto June 2, 2023 , by BizLizzy Reporter
PATH Auto Group partners Phil Alalouf and Todd Hewitt in April purchased their first dealership, a Volkswagen […]
Infiniti gets new global boss with Jose Roman
Auto June 1, 2023 , by BizLizzy Reporter
Jose Roman, a native of Ecuador, joined Infiniti parent Nissan Motor in 2012 and has more than […]
Pre-COVID inventory levels may not return
Auto June 1, 2023 , by BizLizzy Reporter
The automotive industry’s “new normal” might be characterized by lower inventory levels than before the pandemic, as […]
Rivian may lose Nasdaq spot after 90% selloff, JPMorgan says
Auto June 1, 2023 , by BizLizzy Reporter
The index typically removes the smallest members of the Nasdaq 100 if the company is weighted at […]