Welcome to the drought: Off-lease vehicle pool is about to dry up
Lease turn-ins are a valuable tool for dealers and automakers to control inventory levels. But the 2021 leasing collapse is about to shrink the pool sharply.
China's BYD says Mexico EV plant will employ 10,000 workers
The EV giant is in final negotiations for the location of the factory, with an official announcement expected in the coming months.
Under legal threat, Mount Dora backs high-rise development
Under legal threat, Mount Dora’s City Council approved a controversial mixed-use development this week that blows past height limits in the city’s Wolf Branch Innovation District, but some council members voiced doubts the project would ever be built as proposed.
The Tuesday night approval of the settlement and rezoning with AMCO Development puts the company’s suit against the city to bed for now. It will also allow the developer to submit plans for phase 1 of their mixed-use master-planned community for city review, according to a report in GrowthSpotter.
AMCO’s plans call for buildings as tall as 175 feet tall, which is a reduction from the developer’s initial proposal of towers as tall as 300 feet. The Council voted to deny the developer approval in February 2023 because the building heights weren’t aligned with the Wolf Branch Innovation District’s previously approved maximum height of 100 feet.
The current plans also call for about 1,800 residential units, some of which would be age-restricted, up to 950,000 square feet of commercial space, a 100,000-square-foot convention center, 325 hotel rooms, a 60,000-square-foot medical office, a 125,000-square-foot self-storage facility, a preschool, and an underground parking garage. Additionally, there would be a 5.2-acre man-made lake with walking trails and a water park that would be accessible to the public.
Column: EV buyers' remorse is a telling moment in economic history
More likely a blip than a pivot, McKinsey’s survey highlights need for affordable models that automakers are developing.
Scammers target dealerships in U.S., Canada pretending to be CDK reps
CDK Global says scammers are targeting some dealership customers affected by the cyberattack that downed their DMS platforms.