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Ford’s CEO accused the union of holding the Detroit 3 hostage over unaffordable demands, as the UAW ordered 7,000 more workers onto picket lines.

Schäferbarthold had been CFO at the German lighting supplier since 2016. Favre is a former executive at Faurecia, which purchased Hella in 2022 and now operates as Forvia.

TrueCar has hired Oliver Foley as its CFO continuing its leadership shuffle. He starts Oct. 30.

Two of the transactions involved first-time dealership owners and another saw a company add two stores.

The right of first refusal in dealership buy-sells has helped minority dealers acquire stores, some their first, and is a tool many automakers say can help them manage their franchises. But others say an increased use of the tool can hurt factory-dealer relations, spook some would-be bidders and lead to lower dealership prices.