Month: February 2022

Two groups expanded with fourth-quarter and first-quarter dealership acquisitions, while a father-and-son duo bought a single store in the fourth quarter. Here’s a look at the deals involving domestic and import brands and dealerships in Florida, Texas and Massachusetts. Butler Automotive Group of Macon, Ga., bought a Toyota dealership in Jacksonville, Fla., in late 2021,
0 Comments
By Joey Klender Posted on February 25, 2022 Tesla’s (NASDAQ: TSLA) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock. Daiwa analyst Jairam Nathan said Tesla is “best positioned” to
0 Comments
2:52 PM ET Associated Press ST. PETERSBURG, Fla. — Michael Andretti said Friday that his father revealed his Formula One aspirations last week to show the FIA there is strong public support for an expansion team, adding that he would need a decision from motorsports’ governing body in the next month to be properly prepared
0 Comments
More than a week after a ship packed with luxury cars caught fire in the middle of the Atlantic Ocean, a salvage team managed to board the vessel on Friday and started to tow it to a safe location off the Portuguese Azores archipelago. In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said
0 Comments
Tesla has had a vehicle plant up and running in China since 2019, and now the automaker could be close to starting construction of a second Chinese plant to keep up with strong demand both locally and abroad. Citing two sources familiar with the matter, Reuters reported on Thursday that Tesla could start construction on
0 Comments
EV startup Faraday Future has built the first production-intent FF 91 featuring production-specification components at its plant in Hanford, California. By manufacturing the first pre-production FF 91 flagship EV, Faraday Future says it has marked manufacturing milestone #4—”pre-production builds for final engineering validation and certification.“ As a result, the company claims it remains on track
0 Comments
2:00 PM ET BARCELONA, Spain – Haas will run a plain white car, minus any of its Uralkali branding or Russian flag colours, for the final day of F1 testing on Friday. Russia’s military launched a long-feared invasion of Ukraine early Thursday, attacking its ex-Soviet neighbour from multiple directions despite warnings of dire consequences from
0 Comments