When first-time car dealers Bill and Jane Fox entered auto retail, it was a much cheaper endeavor. After 45 years in the business, they found that passing the torch to the next generation is fraught with financial hurdles.
The brand will launch an off-road-minded subbrand for two of its most successful nameplates, retailers said.
The settlement resolves allegations that the automaker made false statements to California’s largest pension system and other investors over its deadly ignition switch scandal.
Joe Gardemal, managing director for consulting firm Alvarez & Marsal Holdings in Washington, D.C., will oversee GPB and its related entities, including Prime Automotive Group. He is due to report back to the court within 60 days.
The ‘Real World: New York’ cast is going to reunite for a special series on Paramount+ — get the scoop.