Lithia Motors, Hendrick Automotive buy dealerships; Group 1 sells store
Honda and Stellantis dealerships traded hands in third- and fourth-quarter transactions that involved Lithia Motors Inc., Hendrick Automotive Group and Group 1 Automotive Inc.
FTC extends comment period on plan for broad ‘junk fee' regs
The Federal Trade Commission gave businesses and consumers until Feb. 8 to comment on its October concept for regulating bait-and-switch advertising and fees for worthless items.
Construction on 'automotive country club' to begin soon
The first phase of the 273-acre Motorsports Gateway Howell is expected to include a 2.2-mile driving track, clubhouse, rentable garages for members, garage condos for sale and a nature trail.
Tesla fined $2.2M in South Korea for exaggerating driving range of EVs
Tesla exaggerated the driving ranges of its cars on a single charge, their fuel cost-effectiveness as well as the performance of its Superchargers, South Korea’s antitrust regulator said.
Hyundai, Kia expect vehicle sales to jump 10% in 2023
Analysts said the sales target appears to be aggressive but achievable, considering pent-up demand for vehicles caused by supply chain disruption.