DARCARS buys 2 Lexus stores, 1 Infiniti dealership
DARCARS Automotive Group of Bethesda Md., has purchased three luxury dealerships in New York and Connecticut, expanding its presence in the New York City metro area.
Brightline Trains name to return, replacing short-lived Virgin brand
The Virgin empire of trains, planes and cruise boats has been in distress with the COVID-19 pandemic, according to media accounts.
Fisker has tentative deal for Magna Steyr to build its electric SUV in Austria
Fisker said it expects to reach a definitive agreement “in the next few months” to have Magna Steyr start production of the Fisker Ocean at its Graz, Austria, plant as early as the fourth quarter of 2022.
Hyundai names former FCA exec Olabisi Boyle as product, mobility VP
Boyle’s responsibilities include strategic direction of Hyundai’s U.S. vehicle lineup, along with market research, business analytics and pricing.
Uber’s quarterly sales tumble, ending a decade of growth
Delivery revenue, which was growing even before the pandemic, surged 103 percent during the quarter and is now central to Uber’s strategy.