Timeline: LMP Automotive's quick rise and fall
LMP Automotive, a small public auto retailer that bought its first franchised dealerships in March 2021 and had aspirations to roll up dozens of stores, appears headed for dissolution.
LMP Automotive, a small public auto retailer that bought its first franchised dealerships in March 2021 and had aspirations to roll up dozens of stores, appears headed for dissolution.
US Auto Trust of Los Angeles has acquired four Southern California dealerships since December.
EV buyers may have only until President Joe Biden signs the Inflation Reduction Act to enter into a binding sales contract with automakers such as Rivian and Lucid to qualify for the outgoing credit.
The two-seat open-cockpit V-12-powered sports car could see very limited production.
The spectrum block was reserved in 1999 for automakers to develop technology to allow vehicles to talk to each other to avoid crashes but has so far gone largely unused.