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Three groups and a former dealership general manager bought dealerships in four December transactions that span from Alaska to Florida. Two transactions involved a group on Automotive News’ top 150 dealership groups list. Here’s a look at the transactions involving domestic- and import-brand stores. Swickard Auto Group on Dec. 15 acquired two General Motors dealerships
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BEIJING — Daimler and its Chinese partner BYD have signed an equity transfer agreement to restructure their China EV venture Denza. Daimler said its holdings in Denza will be reduced to 10 percent, and BYD will hold the remaining 90 percent equity interest after the transfer. In 2022, Denza will introduce new models to the
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Shunji Tanaka, a key designer of the iconic Mazda Miata, has died. He was 75. Tanaka led the exterior and interior design of the Mazda MX-5 Miata, a lightweight Japanese roadster inspired by postwar-era British sports cars. The car went on sale in the U.S. in May 1989 with a starting price of $13,800 and
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What kind of car is the 2022 Infiniti Q50? What does it compare to? The 2022 Infiniti Q50 is a compact luxury sedan with decidedly sporty moves. It’s been around since the 2014 model year, but still is worth shopping against the BMW 3-Series, Audi A4, and Mercedes-Benz C-Class. Is the 2022 Infiniti Q50 a
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FRANKFURT — Volkswagen expects to produce around 43 percent more vehicles at its main plant in Wolfsburg, its works council boss, Daniela Cavallo, told a German newspaper. The increase would be a marked improvement from this year but production would be still impacted by the shortage of semiconductors. This year, VW expects to produce around
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What kind of car is the 2022 Toyota Venza? What does it compare to? The Venza is a compact hybrid crossover, with seats for five and standard all-wheel drive. It’s a rival for vehicles like Toyota’s own RAV4, the Subaru Forester, and the Honda CR-V. Is the 2022 Toyota Venza a good car? Review continues
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LONDON — British car manufacturers had their slowest November in 37 years as the sector struggled to cope with the impact of the coronavirus pandemic on global supply chains, industry data showed. Car production fell by 29 percent compared with November 2021 to 75,756 units, despite a 53 percent increase in electric vehicle output, the
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Two groups on Automotive News‘ top 150 dealership groups list bought stores this month to grow in Kentucky and Colorado, respectively. Here’s a look at the deals involving domestic and luxury brands. Jeff Wyler Automotive Family Inc. on Monday acquired its second Mercedes-Benz store when it bought Mercedes-Benz of Louisville from Peterson Automotive Collection, owned
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