The automaker is in advanced discussions with state-owned partner Guangzhou Automobile Group Co. on raising its stake in the 50-50 venture overseeing its Jeep operations in China, Bloomberg reported.
Mike Amend, 43, was most recently president of Lowe’s online.
The transaction will significantly boost Group 1’s store count and scale in the Northeast. The agreement, once closed, would be the second megadeal of the year among U.S. auto dealer groups.
Technology Minister Xiao Yaqing also said China would improve its charging network and develop EV sales in rural markets.
Automaker can use Oculii’s low-cost software to boost the resolution of radars.