News

Carvana executive faces criminal charges in Illinois

A Carvana Co. executive is facing dozens of criminal charges tied to the company’s alleged motor vehicle licensing and records violations in Illinois. In mid-May the Illinois Secretary of State filed several motor vehicle-related charges against Paul Breaux, who is identified on Carvana’s investor relations website as a vice president and the company’s general counsel

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The ultra high end brings new meaning to ‘exotic’

In the past, a brand that produced powertrains of awesome performance, or rarefied designs of outstanding touch and feel, or luxurious construction that translated to stratospheric pricing, was known as an exotic. Today, the segment is identifying new products, new powertrains and new strategies to meet regulatory and competitive changes around the world while still

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GM to invest $760 million to shift Ohio plant to EV parts

TOLEDO, Ohio — General Motors said on Friday it will invest $760 million at its Toledo, Ohio, factory to build drive units for electric trucks, the automaker’s first U.S. powertrain facility repurposed for EV-related production. Th largest U.S. automaker currently builds GM’s six-speed, eight-speed and 10-speed rear-wheel drive and nine-speed front-wheel drive transmissions in a

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Lithia Motors sells Stellantis and Honda dealerships in September deals

Lithia Motors Inc., which continues to gobble up dealerships, including acquiring five in Wisconsin in September, also sold one dealership in Northern California and another in Southern California this month, as it sheds some stores in a “network optimization” plan. The Medford, Ore., auto retailer sold Lithia Chrysler-Dodge-Jeep-Ram-Fiat of Eureka on Sept. 14 to Harper

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Lithia Motors returns to Wisconsin with purchase of 5 dealerships, sale of 2 stores

Growing Lithia Motors Inc., which has indicated it is targeting further Midwest expansion, did just that with its recent acquisition of five dealerships from Wilde Automotive Group in Wisconsin. Lithia on Sept. 12 acquired Wilde East Towne Honda in Madison, Wilde Toyota in West Allis and Wilde Chrysler-Dodge-Jeep-Ram, Wilde Subaru and Wilde Honda, all in

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Hyundai, Nissan, Honda and Toyota dealerships sell across 4 states

Three auto retailers added to their dealership portfolios with the purchases of single stores in the first and third quarters, while a former dealership executive general manager and partner bought their first dealership in a second-quarter purchase. Here’s a look at the deals involving import dealerships and stores in Indiana, New Jersey, California and Alabama.

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