Tag: automotive news
EV brand Bollinger Motors signs deal with LaFontaine dealership group
Electric vehicle startup Bollinger Motors has formally announced its first-ever retail partnership with LaFontaine Automotive Group, a dealership with multiple locations in Michigan.
The new...
The Executive Profile: What’s next for dealer and philanthropist Rita Case?
Welcome to another edition of the Executive Profile on CBT News. Recently, anchor Jim Fitzpatrick traveled to Davie, Florida, to speak with Rita Case,...
Treasury says new electric vehicle credit process seeing early success
The U.S. Department of Treasury has distributed $135 million in electric vehicle credit reimbursements to car dealers since the start of the year after...
Sonic Automotive doubles annual profit as margins face pressure
Sonic Automotive saw earnings and revenues rise over the course of 2023 even as profitability headwinds put downward pressure on margins, according to the...
Vehicle prices dip to 7.2% over MSRP as supply improves
New vehicle prices remain higher than normal, averaging 7.2% above MSRP in January 2024, but price growth has started to cool in the face...
Stellantis adopts NACS, skips deal with Tesla for Supercharger access
Stellantis has confirmed it will adopt the North American Charging Standard (NACS), making it the last major automaker to adopt the Tesla-developed electric vehicle...
Which 2024 Super Bowl car commercial caught the most attention?
Few automakers participated in Super Bowl advertising this year, but the ones who did saw notable increases in internet traffic following the airing of...
Vehicle financing conditions trend against consumers in January
Vehicle financing remained an obstacle for many consumers in January, during which auto lenders displayed more caution and auto loan access declined.
According to Cox...
Why dealership groups are prioritizing M&A in 2024 — Joe Serra,...
Serra Automotive, ranked number 12 out of the top dealership groups in the U.S. and number 6 out of the top privately held groups,...
OEM-backed Ionna EV charging network gets a CEO and regulator approval
Ionna, a joint-venture project involving seven automakers to build a massive electric vehicle charging network across the U.S. and Canada, has officially launched following...
