Lithia enters Alabama with Subaru dealership purchase
Terms weren’t disclosed, but Lithia said it paid for the dealership using existing balance sheet funding.
Retail tech startup Rodo secures $18 million in financing as actor Kevin Hart takes stake
Rodo bills itself as offering an end-to-end solution for purchasing a car within minutes via its app or website.
Ford reinstates mask mandates in 2 states; will require vaccines for international travel
The move comes as the as the delta variant of the virus that causes COVID-19 continues to spread.
Asbury reports record Q2 net income of $152 million
Asbury’s results continue a streak of landmark earnings among the public dealership groups galvanized by higher vehicle profits during the microchip shortage.
GM's Matt Tsien to retire; Kent Helfrich tapped as CTO, president of GM Ventures
After 45 years with the automaker, Tsien will retire this year from his current role as chief technology officer at GM and president of GM Ventures.