Umansky Automotive buys last of Qvale's California dealerships
While Umansky Automotive Group has just entered California, Qvale Automotive has exited the Golden State.
Sonic sells Volvo store to Swickard; Max Motors and 2 other retailers add stores
Sonic Automotive sold a longtime Volvo store to Swickard Auto Group, while Max Motors, Stuckey Automotive and Integrity Auto Group made acquisitions in the second quarter.
U.S. opens probe into Lordstown Motors over exaggerated potential sales, report says
Lordstown Motors is being probed by the Justice Department in relation to claims the company exaggerated potential sales of its Endurance pickup, a source told Bloomberg.
Lordstown Motors shares tumble on report of Justice Department probe
The inquiry is being handled by the U.S. attorney’s office in Manhattan and is in its early stages, a report from The Wall Street Journal said.
Tesla delivered a record 201,250 cars in second quarter
The bulk of the period’s sales were of the Model 3 sedan and the Model Y crossover.