Monday, December 6, 2021
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Ford

Ford’s Board of Directors has two new family member nominations...

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In May, the board of directors for the Ford Motor Company will be shuffled when Edsel B. Ford II retires from the board. In his place, two nominations have been put forward: Alexandra Ford English and Henry Ford III. John Lechleiter has opted to let his term expire and not seek re-election. Bringing in the […]
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dealers

Dealers are using third-party logistics companies for online deliveries

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The automotive industry looks different today than it did a few months ago, but then again, so does everything. Just like the shuttered schools and companies shifting to remote work, we’ve all had to adjust. Luckily, the automotive industry has always been adaptable and ready to meet any challenge we face. Digital car buying has […]
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PSA

FCA, PSA Group shareholders approve merger to form ‘Stellantis’

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An early-morning meeting for PSA Group shareholders on Monday has resulted in an overwhelming majority vote to merge with Fiat Chrysler Automobiles. With 99.85% support, the shareholders approved the move to combine with FCA to create the fourth-largest carmaker in the world.  In the deal worth $52 billion US altogether, FCA shareholders also met on Monday at 6:30am […]
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private

Private equities are acquiring F&I administrators. Is it hurting your...

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In the last few decades, private equity firms throughout the US have been buying up businesses across industries with the intention of turning ailing brands around that have hit hard times. They bring their deep pockets to the table under the assumption that the extra cash/credit and effort to restructure debt will give a company critical […]
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CarLotz

Five takeaways from used-car consignment company CarLotz public merger

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Even in light of the COVID-19 pandemic, business is still brewing for companies in the automotive industry. On October 22, 2020, used-car consignment company CarLotz went public in a merger with Acamar Partners Acquisition Corporation. The corporation valued the company at $827 million, which also includes debt that CarLotz also owns. With the rise in […]
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alliance

Collaborations and alliances in the auto industry a new normal

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Last week, Honda Motor Co. announced that it had signed off on a nonbinding memorandum of understanding in relation to creating a strategic alliance with General Motors. Jamie LaReau of the Detroit Free Press reported that both auto giants would still sell vehicles under their own names but the agreement also includes “cooperation in purchasing, […]
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merger

Everything You Need to Know About the FCA-Renault Merger

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In the latest merger news, Fiat Chrysler Automobiles (FCA) and France’s PSA Group recently announced that they have agreed to a 50/50 merger deal that will aim to save money and boost profits while taking on new technologies. The agreement comes after a failed $35 billion merger between FCA and France-based Renault earlier this year […]
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employees

Keeping Great Employees Engaged

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For any company, losing employees you like can be hard to deal with in and of itself, but losing those who are high producers and great contributors to your success can seem almost devastating at times. This is especially true if they have been with you for a while and much of what they do […]
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staff turnover

The Best Way to Do an Employee Survey

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You can’t just place a suggestion box in the lunch room and expect to learn anything from it. The box shows employees that you are not willing to listen to them, that they have to write down anything they have to say, and that you are not interested in anything they can’t squeeze onto 3” […]
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