This Automotive News function lists dealership acquisitions as reported by brokers, official bulletins and news media. The Spartan group, now with 13 dealerships in six states, is led by proprietor Don Jones, a former Lithia government. Dick Heimann is the majority proprietor of DiMar and a longtime Lithia govt who acquired an eighty % interest within the three dealerships; Lithia held a 20 percent stake on the time of the sale. Ozog Automotive Group advised the vendor in the transaction.
By 1969, imports had increased their share of the U.S. auto market with smaller, inexpensive automobiles. Volkswagen bought over 500,000 autos, followed by Toyota with over one hundred,000. In 1986 South Korea entered the American market. 27 In response to this, the domestic auto makers introduced new compact and sub-compact cars, such because the Ford Pinto and Maverick , the Chevrolet Vega , and the AMC Gremlin , Hornet and Pacer (Chrysler had to make do with importing the Dodge Colt from Mitsubishi Motors and the Plymouth Cricket from their affiliated Rootes Group) However, design and manufacturing problems plagued a lot of these cars, resulting in unfavorable client perceptions.
The automotive business has reached a fork in the highway: one path leads to reinvention and success, whereas the opposite maintains the present establishment. Enterprise leaders will solely have a quick window of opportunity to reimagine their core operations. To make sure their survival and success now and sooner or later, it’s time for automotive trade players to behave.
On the end of 2018, we got the chance to drive an idea version of Audi’s upcoming e-tron GT electrical sports activities sedan. It was low, smooth, and minimalistic, and the little acceleration we obtained to expertiseâ€”we were limited to forty five mphâ€”reminded us of the whole lot from the Chevy Bolt … Road moreRead More