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Thursday, October 5, 2023

Ford initiates 400 more layoffs because of UAW strike | Toyota battery deal calls for $3B LG investment in Mich. | Ford Q3 U.S. sales rise 7.7% | J.D. Power: Consumers lose trust in self-driving cars

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Thursday, October 05, 2023
Strike
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UAW strike has caused nearly 30% of suppliers to lay off workers, MEMA survey says

 
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LG Energy Solution

Toyota EV battery deal calls for LG Energy to invest $3B in Michigan

 
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EV_INVESTMENT-MAIN_i.jpg
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Midwest confronts EV factory bidding wars

 
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Buick-GMC store
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Market comeback continues; major automakers post strong Q3 sales gains

 
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Ford Q3 sales rise 7.7% on strong EV, hybrid demand

 
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Mobileye
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Consumers losing trust in self-driving vehicles, J.D. Power says

 
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Pendragon
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Penske, Hedin won't put offer in for Pendragon

 
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2023-haig-alan-600x399 (3)

BUY-SELL Q&A: How To Set a Record: Anatomy Of a Deal That Delivered

In June, leading automotive buy-sell advisor Haig Partners negotiated a record-setting sale in which Florida-based Morgan Automotive Group bought Al Hendrickson Toyota in Coconut Creek, Fla., for what’s believed to be the highest price ever paid for a car dealership. What factors enter into forging a landmark sale like this?

 
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Jerry Moran
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Senators introduce bipartisan bill directing FTC to redo auto dealership regs

 
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Rivian factory entrance in Normal, Ill.
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Rivian adds 400-plus-mile battery option to R1T, R1S; $1.5B bond issue planned

 
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UAW pickets

GM prepares $6 billion credit line to cushion UAW strike costs

 
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23-URBM-0028_Image Resize_4-3 ratio

Urban Science Annual Index: From Maintenance To Excellence – Preparing Fixed Ops To Thrive In The EV Future

Fourth in a series of Urban Science articles driven by our 2023 Dealership Transformation Index research conducted alongside The Harris Poll. In this article we’ll explore findings regarding dealership service across the U.S. and share key insights OEMs and dealers should consider to drive profitability and business success across their stores now and down the road.

 
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Murgado Automotive buys pair of Mercedes-Benz dealerships in Virginia

 
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Nissan offers low-cost Ariya EV lease to dealer employees

 
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2024 Honda Passport gets tougher TrailSport, new Black Edition

 
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