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Two growing auto retailers expanded with multiple third-quarter and fourth-quarter transactions. Here’s a look at the deals involving import and luxury dealerships in West Virginia, Ohio, New York and Massachusetts. Two deals involved an auto retailer ranked on Automotive News‘ top 150 dealership groups list. Ganley goes on Kia buying spree Growing Ken Ganley Cos.
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General Motors is thinking long term as it prices its upcoming electric vehicles, steering clear of “opportunistic” pricing in favor of a lineup spanning segments and price points, executives say. The Detroit automaker is banking on customers switching from gasoline-powered cars to EVs as it prepares to put more models on sale next year and
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1:10 PM ET Ferrari finished the 2022 season as it started it, with its team setting the fastest time of a test session. Carlos Sainz led the way on a 1:25.245s, with Charles Leclerc and junior driver Robert Schwartzman both finishing with 0.1s during their respective runs in the car. Ferrari’s early promise failed to
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New York’s Vision Automotive Group sold 10 dealerships to Atlantic Coast Automotive Inc., according to the Rochester Business Journal and a person briefed on the transaction. Atlantic Coast Automotive, of Miami Lakes, Fla., bought three Hyundai stores, three Nissan stores, two Kia dealerships, a Chrysler-Dodge-Jeep-Ram store and a Buick-GMC store. The dealerships are in Rochester,
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Matt McGovern went on a dealership acquisition spree to start 2022. With the exception of April, McGovern bought one franchised dealership each month from January through June, bolstering McGovern Automotive Group’s presence in Massachusetts with five more stores. McGovern’s acquisition activity is a microcosm of the buy-sell market for the first half of the year:
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12:22 PM ET ABU DHABI — Lewis Hamilton ranks his 2022 season among the worst three of his career, but says he is not overly concerned about missing out on a race victory this year. The seven-time champion recorded his worst ever position in the driver standings after finishing sixth, 35 points adrift of teammate
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