CarNow eyes expansion, possible acquisitions after debt financing
CarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new debt financing to accelerate product development and pursue further market expansion.
Hornet's torque powers ads
Dodge sold about 17,000 Hornets in the crossover’s first year on sale in the U.S. and it working to build more buzz with an ad campaign that started this month.
Tesla's freshened Model 3 Performance is a crazy fast, 510-hp bargain
Tesla adds adaptive suspension, improved sport seats and carbon-fiber interior accents. The performance trim is also the only Model 3 eligible for the $7,500 EV credit, making it a bargain.
Toyota invests $1.4 billion in Indiana plant for large EV
The investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026.
Fred Beans buys 4 Rosenthal Automotive dealerships
Rosenthal Automotive Organization divested four Philadelphia area dealerships it bought in June 2022 from Sussman Automotive Group.