Growing Morgan Automotive Group of Tampa, Fla., bought two Florida Kia dealerships from LMP Automotive Holdings Inc. last week and bought a Florida Stellantis store in a separate, unrelated November transaction. It marks the third dealership sale announced by small auto retailer LMP in three months. The Fort Lauderdale, Fla., company said in a Monday
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In the premiere episode of Lowrider Roll Models, we feature the inspirational story of Steve Alvarez-Mott–a longtime original member of the Groupe Car Club East L.A. Steve recalls the early days of the lowrider lifestyle and his first car, a 1966 Pontiac Tempest. Ultimately, the camaraderie and culture would have a transformative impact on Steve
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As the 117th Congress winds down, the Senate on Thursday evening passed bipartisan legislation that would provide dealers LIFO tax relief. “Senate passage of the bill is great progress to provide dealers on LIFO much needed relief due to the pandemic and supply chain issues,” Mike Stanton, CEO of the National Automobile Dealers Association, said
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Stellantis has entered into talks with the French suppliers Faurecia and Michelin to buy a “substantial” stake in their Symbio joint venture, a fuel cell system maker for hydrogen mobility, the three companies said. Stellantis launched hydrogen-powered midsize vans last year from the Citroen, Peugeot and Opel brands in a collaboration with Symbio. It aims
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WASHINGTON — The U.S. Senate Finance Committee asked eight major automakers, including General Motors, Tesla, Ford and Honda to answer questions about their Chinese supply chains, according to letters made public on Thursday. In June, a U.S. law took effect banning the import of forced-labor goods from Xinjiang, in a pushback against Beijing’s treatment of
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In this article TWTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT Shares in electric vehicle maker Tesla dropped by almost 9% on Thursday as analysts grow increasingly uncertain of the company’s outlook. The stock is down nearly 70% year-to-date. After the bell Wednesday, Canaccord Genuity trimmed its price target for the automaker from $304 to $275,
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We hit the test track with perhaps the fastest production sedan to grace the planet, the 2011 Porsche Panamera Turbo. Read full story here: http://www.motortrend.com/roadtests/hatchbacks/1104_2011_porsche_panamera_turbo_test/index.html Also find Motor Trend on: Tweets by MotorTrend http://facebook.com/MotorTrendMag
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