Group 1 brings three new dealerships on board, expands Texas presence
Group 1 Automotive revealed the acquisition of three dealerships in Texas on May 8, 2023, as it continues to ramp up its growth efforts.
In a press release, the auto group...
TSLA380.840-10.22%
GM76.070-1.65%
F14.2150.025%
RIVN17.4550.365%
CYD43.900-0.815%
HMC28.160-0.61%
TM177.610-2.15%
CVNA67.360-3.3%
PAG202.660-2.08%
LAD335.280-3.88%
AN205.720-3.28%
GPI326.060-5.56%
ABG220.360-6.3%
SAH100.420-2.3%
TSLA380.840-10.22%
GM76.070-1.65%
F14.2150.025%
RIVN17.4550.365%
CYD43.900-0.815%
HMC28.160-0.61%
TM177.610-2.15%
CVNA67.360-3.3%
PAG202.660-2.08%
LAD335.280-3.88%
AN205.720-3.28%
GPI326.060-5.56%
ABG220.360-6.3%
SAH100.420-2.3%
TSLA380.840-10.22%
GM76.070-1.65%
F14.2150.025%
RIVN17.4550.365%
CYD43.900-0.815%
HMC28.160-0.61%
TM177.610-2.15%
CVNA67.360-3.3%
PAG202.660-2.08%
LAD335.280-3.88%
AN205.720-3.28%
GPI326.060-5.56%
ABG220.360-6.3%
SAH100.420-2.3%
automotive news
Carvana beats expectations in Q1, narrows losses in bid for profitable future
Used car retailer Carvana has released its first-quarter earnings report and revealed a quarterly loss of $1.51 per share, resulting in an earnings surprise of 19.5% over Wall Street forecasts.
Additionally, Carvana...
UAW won’t endorse Biden without EV promises, calls Trump re-election a ‘disaster’
The United Auto Workers (UAW) union is refusing to endorse President Biden's reelection campaign until his administration addresses concerns arising from the electrification of the auto industry.
In a letter, newly-seated...
April U.S. auto sales see solid year-over-year gains
April 2023 is a tale of two stories. One indicates that buyers are continuing to benefit from increased inventory offerings, while the other shows there might be a slowdown approaching...
Lordstown may face bankruptcy after Foxconn threatens to withdraw funding
Lordstown Motors could face bankruptcy after allegedly breaching its contract with Taiwanese technology manufacturer Foxconn.
According to Lordstown's filing with the Securities and Exchange Commission (SEC) on Monday, May 1, the...
March inflation increases 0.3%, in spite of interest rate hikes, bank failures
Newly released economic data suggests that inflation increased in March, as predicted by market analysts.
The core personal consumption expenditures (PCE) price index captured a 0.3% rise in the costs of...
April U.S. auto sales poised to rise on improving inventory levels
According to a joint auto sales forecast from J.D. Power and LMC Automotive, total new-vehicle sales, including retail and non-retail transactions, are expected to hit 1,316,500 units in April, representing...
The Presidio Group advises Flow Automotive Companies on purchase of eight franchises in Charlottesville, VA., market
AUSTIN, TX — April 18, 2023 — The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail...
Is there enough lithium? Why analysts are worried about the future of EVs
The transition to electric vehicles (EVs) is a major one for the auto industry and many analysts are concerned that we do not have enough of the necessary materials for...
Study identifies 14 used cars more expensive than their new models
While overall prices continue to decline, iSeeCars.com has compiled a list of 14 used cars which continue to sell for more than newer versions.
Between February and March of 2023, iSeeCars.com...
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