President Biden visits Ford plant for F-150 EV reveal
President Joe Biden continued to show his push towards electrification of the auto industry during a visit to Ford’s Rouge Electric Vehicle Center in Michigan on Tuesday. Biden’s visit was...
TSLA340.869-11.9509%
GM72.450-0.98%
F11.495-0.115%
RIVN14.625-0.665%
CYD39.380-0.4%
HMC23.445-0.395%
TM203.075-1.345%
CVNA306.455-10.395%
PAG147.850-0.86%
LAD256.120-1.45%
AN194.610-2.21%
GPI323.685-3.315%
ABG195.4200.02%
SAH62.770-0.54%
TSLA340.869-11.9509%
GM72.450-0.98%
F11.495-0.115%
RIVN14.625-0.665%
CYD39.380-0.4%
HMC23.445-0.395%
TM203.075-1.345%
CVNA306.455-10.395%
PAG147.850-0.86%
LAD256.120-1.45%
AN194.610-2.21%
GPI323.685-3.315%
ABG195.4200.02%
SAH62.770-0.54%
TSLA340.869-11.9509%
GM72.450-0.98%
F11.495-0.115%
RIVN14.625-0.665%
CYD39.380-0.4%
HMC23.445-0.395%
TM203.075-1.345%
CVNA306.455-10.395%
PAG147.850-0.86%
LAD256.120-1.45%
AN194.610-2.21%
GPI323.685-3.315%
ABG195.4200.02%
SAH62.770-0.54%
Industry News
Auto industry leaders ruffle feathers with recent tweets
Elon Musk hasn’t particularly cared about tradition and has often upset those who have enjoyed the control they had on their business environment. Recently, MSNBC wrote, “Elon Musk’s tweets are moving...
Ed Morse Automotive Group acquires four dealerships in Missouri
The Ed Morse Automotive Group is continuing to expand, announcing last week that it has broken into the Missouri market with the acquisition of four dealerships. The dealerships, which were...
Sonic Automotive reports record first quarter revenues and earnings per share
CHARLOTTE, N.C.-- Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), one of the nation’s largest automotive retailers, today reported financial results for the first quarter ended March 31, 2021. The financial...
Will the dealership acquisition market remain hot for the rest of 2021? Erin Kerrigan, Kerrigan Advisors
The automotive buy/sell market has been busier than ever. Today on CBT News, host Jim Fitzpatrick is joined by Erin Kerrigan, Founder and Managing Director at Kerrigan Advisors. She joins...
California to set their own stringent climate limits on cars, EPA says
Just 19 months after the Trump administration revoked California’s ability to set emissions standards that are stricter than the rest of the nation, it’s slated to be undone. On Monday,...
What motivated The Suburban Collection to make the decision to sell to Lithia? – George Karolis, The Presidio Group
As first reported by CBT News, Lithia Motors has acquired Michigan's Suburban Collection. This transaction marks one of the largest dealership acquisitions in the past decade. Although details of the...
Breaking: Cheryl Miller resigns after short tenure as CFO of JM Family
Cheryl Miller, former CEO of AutoNation, has resigned from her position as CFO of JM Family Enterprises. Miller only spent three months in the role before making the decision to...
AutoNation planning to acquire 11 stores from Peacock Automotive
America’s largest automotive retailer, AutoNation Inc., is growing once again after it signed an agreement to acquire 11 stores and a collision center from Peacock Automotive Group based in Hardeeville,...
Ford CEO Jim Farley jabs Tesla for FSD testing
Tesla might have led the way with battery electric technology, but Ford isn't going to take the fight lying down. With the release of the Mustang Mach-E, Ford's CEO Jim...
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