Per-vehicle F&I profit down for 4 publics
Average F&I profit per vehicle retailed in Q1 rose slightly at AutoNation and Sonic, while other publics saw a decline.
Detroit 3 earnings show a mix of strength and uncertainty in the economy
The Detroit 3 had strong first-quarter results but face the potential for rising incentives, high commodity prices and more expensive UAW contracts.
Survey due this month for Top Suppliers lists
Automotive News is collecting data for its top suppliers rankings in North America, Europe and the world.
Gates dealership group gets boost from brand awareness
Gates Automotive Group in South Bend, Ind., combines social media engagement, collaboration with local athletes and business leaders, and in-person giveaways and meet-and-greet events.
DeSantis signs bill to void Disney’s deal with Reedy Creek
TALLAHASSEE — Gov. Ron DeSantis wasted no time signing a bill into law that allows the board he chose to oversee Disney World’s sprawling 25,000-acre domain to ignore development agreements approved by the previous board handpicked by the entertainment giant.
DeSantis signed the bill (SB 1604) on Friday, a day after the Senate approved it. Sarasota Sen. Joe Gruters, a former chair of the Republican Party of Florida, sided with Senate Democrats in voting against the bill.
“Self-government is over,” DeSantis said.
The bill’s original focus was on land use law, but the sponsor, Sen. Blaise Ingoglia, R-Spring Hill, added language that DeSantis wanted. It allows a newly created independent district to not comply with any decisions made by the previous board up to three months before the new board was created.
It doesn’t mention the new board, the Central Florida Tourism Development District, or the old board, called the Reedy Creek Improvement District, but Ingoglia conceded that was its target.