October 2022

A Canadian auto retailer continued its Texas expansion in the fourth quarter, while three other companies added dealerships in third-quarter deals. Here’s a look at the deals involving domestic and import stores and dealerships in Texas, Missouri and Wyoming. One involves an auto retailer ranked on the Automotive News list of the top 150 dealership […]

A company extended into the next generation Aug. 1 when Mike Shannon sold Holiday Automotive in Fond du Lac, Wis., to his son, Michael Shannon Jr., according to Scott Mackie of buy-sell firm National Business Brokers. The younger Michael Shannon bought three franchised dealerships: Holiday Chevrolet-Buick-GMC-Cadillac, Holiday Mazda and Holiday Ford. A used-car store and

DETROIT — Ford Motor Co. is giving its dealers an extra month to decide whether they will agree to invest up to $1.2 million and follow other new standards the automaker is imposing so they can sell electric vehicles after next year. The Oct. 31 deadline has been pushed back to Dec. 2 after some

CHICAGO — After a robust couple of years when retailers of all sizes and their frenzied dealership acquisitions helped create a seller’s market, what’s to come? A few industry experts shared their thoughts on why and more during the Let’s Make a Deal panel at the Automotive News Retail Forum: Chicago last week. A shift

General Motors and Stellantis told a federal judge they’re unable to comply with Massachusetts’ updated right-to-repair law because of cybersecurity and other practical concerns that prevent implementation. In separate briefs filed last week, cybersecurity executives from GM and Stellantis said the automakers cannot implement the law’s requirements safely and, therefore, have taken no steps toward

DETROIT — Ford Motor Co. on Wednesday posted a third-quarter loss of $827 million that it largely blames on newly revealed plans to shut down Argo AI, a self-driving vehicle development company the automaker had invested in heavily. CEO Jim Farley said the company now believes mass deployment of fully self-driving vehicles is “a long