Cars unsold thanks to the autos marketplace slowdown are found stored in the parking good deal of the Wells Fargo Heart in Philadelphia, Pennsylvania, U.S. April 28, 2020. REUTERS/Mark Makela/File Image Sign up now for Free endless accessibility to Reuters.com Register March 28 (Reuters) – U.S. new car gross sales […]
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Feds: Napleton car dealer charged hidden fees, hiked rates for Black customers | Local Business
ST. PETERS — Napleton Automotive Group, an automobile dealership chain, will pay back $10 million to settle a lawsuit alleging shady enterprise tactics, the Federal Trade Fee mentioned Friday. The lawsuit named eight of the company’s 51 dealerships, which includes one particular location in St. Peters. It alleged that dealerships […]
The first Android Automotive car is keeping good pace with OS updates, so far
Polestar 2 drivers are now up to date with the newest edition Android Automotive continue to hasn’t created considerably of an impression amid automobile customers, but that is to be predicted when incredibly couple producers have began transport it with vehicles in the two a long time since Google collaborated […]
Napleton Automotive to pay $10 million to settle fraud, racial discrimination charges
The Edward Napleton Automotive Group of Oakbrook Terrace will shell out $10 million to settle allegations some of its dealerships discriminated against Black consumers and billed at minimum $70 million in unlawful expenses. The offer was declared Friday by the Federal Trade Fee and the Illinois lawyer general’s office environment. […]
March U.S. auto sales: Toyota, GM, Nissan, Hyundai, Kia slip
U.S. product sales fell once again at Toyota Motor Corp., Honda Motor Co., Hyundai, Kia and Subaru very last thirty day period as restricted inventories caused by provide-chain bottlenecks keep on to undermine the vehicle industry’s recovery from the pandemic. Toyota Motor, with one particular of the industry’s leanest new-car […]
Ricart Automotive opens Newark lot for used vehicle pick-ups, shopping
NEWARK — The Ricart Automotive mega mall did not literally move to Newark, but the 67-acre dealership in Groveport is as close as your computer and trip to the new Ricart Express Newark on West Church Street in Newark. The Ricart Express Newark at 1525 W. Church St., at the […]
CEO of Auto Giant Stellantis on Electrifying the Ram Truck
Carlos Tavares is overseeing Stellantis’ electric powered transformation. Stellantis photo Textual content measurement “If I quit, I slide down,” states Carlos Tavares, CEO considering that 2021 of Stellantis, the automobile giant—the fourth biggest by volume in the world—created by the merger of the PSA Group and Fiat Chrysler Vehicles past […]
Is It Smart To Buy a Used Car During Spring 2022? Here’s What Experts Say
WendellandCarolyn / Getty Images For the very first time in months, used cars and trucks eventually got a very little bit more affordable in February — but only by a measly $25, according to Kelley Blue Reserve. The price tag for the normal employed vehicle is nevertheless a painfully higher […]
Car dealers wary of Joe Biden’s direction on autos
Lee Wilson, COO of Timbrook Automotive, which sells Chevrolet, Ford, Honda, Nissan and other brand names in the course of Maryland, Pennsylvania, West Virginia and Virginia, stated Biden is disrupting the sector. “An full business is getting turned upside down in a shorter period of time. It is really very […]
Is Asbury Automotive (ABG) a Great Long-Term Buy?
Voss Funds, an financial investment management company, printed its fourth-quarter 2021 investor letter – a duplicate of which can be downloaded below. In Q4 2021, the Voss Benefit Fund, LP and the Voss Benefit Offshore Fund, Ltd., returned +13.6% and +14.3% to traders web of charges and fees, respectively, in […]