Group 1 hits $2,000 F&I profit per vehicle
The Houston-based company ranks fourth on ‘ list of the top 150 U.S. dealership groups based on 2020 new-car sales.
Ariz. retailer's buying center speeds transaction times
Royal Automotive Group in Tucson, Ariz., established a groupwide center that processes deal paperwork, eliminating customers’ wait to see a finance manager.
Ford asks U.S. patent office to rescind GM's 'Cruise' and 'Super Cruise' trademarks
The automaker is responding to GM’s complaint filed last month asking a U.S. federal court to stop Ford from using the name “BlueCruise” to market its hands-free driving tech.
Lordstown says cash crunch crimps commercial production plans
The company said in a regulatory filing Friday it doesn’t have enough money to fund large-scale production or commercially launch the battery-electric pickup it plans to manufacture.
Lambo resurrects the Countach with $2.6 million price tag
Automobili Lamborghini says it will sell 112 copies of a resurrected Countach supercar, this time with a hybrid V-12 powertrain that makes 825 hp and will accelerate from 0 to 62 mph in 2.8 seconds. The price tag will be $2.6 million.