Activist hedge fund Elliott Management dismissed Hyundai Motor Group’s restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members.
VW’s independent monitor, former U.S. Deputy Attorney General Larry Thompson, has criticized the automaker’s internal response to its emissions scandal, a German newspaper report said.
A wide-ranging California bill that aims to strengthen the state’s existing new-car dealer franchise laws is scheduled to have its first committee hearing today.
At two Florida dealerships, food service is treated as a department unto itself, serving both customers and staff with a wide-ranging menu.
Infiniti wants to triple its sales in China in five years by ramping up local production of five new nameplates.