Group 1 Automotive Inc. has completed the sale of its Brazilian operations. The Houston-based dealership group said Tuesday that its subsidiary GPI SA LLC closed on the share purchase agreement transaction with Original Holdings S.A. of Brazil. Group 1 said Original Holdings bought equity interests of UAB from Group 1 for 510 million in Brazilian
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By Maria Merano Posted on July 4, 2022 Since January 2022, Tesla has built over 1,200 Supercharger stations with more than 8,700 Superchargers in Mainland China. Tesla also installed 700 destination charging stations with 1,800 destination charging piles in various hotels/resorts, dining halls, shopping centers, and office buildings in the country. Tesla China’s Supercharger stations
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Automotive News Europe honors the winners of the 2022 Rising Stars awards. Through July 13, the 19 winners will be featured. The Rising Star for IT is Joonas Laine, who is Lynk & CO’s head of IT. For his full profile click here. The 2022 Rising Stars winners will be honored in Prague at a
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In the wake of the Federal Trade Commission’s proposal of new, sweeping regulations on car dealership price advertising and F&I product disclosure, a client of Hudson Cook partner Jean Noonan asked her, “Wasn’t all of this already illegal?” Yes and no, said Noonan and other compliance experts who explored the rationale and timing of the
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Lithium and battery producers warned the European Union that a proposal to classify the metal as a reproductive toxin could severely hurt Europe’s burgeoning electric vehicle industry. The material is a key part of EV batteries and widely used in pharmaceuticals, industrial lubricants and specialty glasses. A proposal being considered by the European Commission this
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