This Automotive Information function lists dealership acquisitions as reported by brokers, official bulletins and news media. Federal prosecutors in 2017 introduced fraud and conspiracy charges in opposition to FCA labor relations chief Alphons Iacobelli and several UAW officials for siphoning thousands and thousands of dollars—paid in large part by UAW member dues—into lavish vacations, automobiles, airplane tickets, and jeweled $37,000 pens. Iacobelli is serving greater than five years in prison whereas one other FCA labor worker, Nancy Johnson, is serving a year.
The new 2021 Genesis GV80 luxurious SUV will start at slightly below $50,000, with fully loaded models topping $70,000. This new mannequin is the Genesis brand’s first SUV, and it’s a mid-size entry set to compete with the Mercedes GLE and BMW X5. It is going to soon be joined by a redesigned G80 mid-measurement luxury sedan with comparable styling.
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The pattern of the automotive trade to mergers and huge-scale group, and to a state of affairs wherein every producer may affect however not management the market, continued unchecked. In … Road moreRead More