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Penske Automotive Buys Largest Ford Dealer Network By Sales

The Truth About Cars

This is the second Ford dealership purchased by the company this year. While best known for its commercial trucking services, Penske has been ramping up dealer acquisitions, buying out trucking rivals and trying to expand its already sizable footprint in both Europe and Australia. in Massachusetts. Image: Penske] Become a TTAC insider.

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Chinese automakers sweep Western brands out of global markets

Baua Electric

It won’t be news to Charged readers that Chinese automakers have lapped “Western” brands in the EV race. In a recent article, he warns that China has launched “a global car blitzkrieg” that puts American, European and Japanese automakers’ status as global companies in grave peril.

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Stellantis executive departures have dealers concerned

Teslarati

Following the departure of four high-profile executives at Stellantis North America, some dealers are growing concerned about the company’s direction. Additionally, Jason Stoicevich left after just two months as the Vice President of the company’s U.S. “So it begs the question: What’s causing that? .

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VinFast’s (VFS) global EV dealer network grows following new agreement in Middle East

Baua Electric

Following recent Q4 2023 results that relayed a miss on annual delivery targets, Vietnamese EV automaker VinFast continues to bolster its global presence with the help of distribution specialists. Today, VinFast and a local dealer network in the Middle East signed an agreement to bring the former’s EVs to the region.

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Ford shows dealers new low-cost EVs, including sedans, crossover SUVs, and pickups

Baua Electric

Ford is doubling down on plans to launch low-cost EVs after showing dealers several new renderings. Ford shows dealers possible upcoming low-cost EVs Ford’s new platform for low-cost EVs is no longer a secret. The dealers were shown several images of new EVs, including sedans, crossover SUVs, and pickups.

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CDK auto dealer software unlikely to be restored before June end, says memo – ET Auto

Baua Electric

In an interview CDK CEO Brian MacDonald said he was communicating with “many dealers, OEMs and partners directly.” The company, which reported the cyber attack last week, did not immediately respond to a Reuters request for a comment. auto dealers to switch back to manual paperwork. .”

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VinFast signs first dealer agreement in the Middle East

Teslarati

VinFast signed its first dealer sales agreement with Bahwan Automobiles Trading LLC (BAT) in the Middle East. Under the agreement, VinFast electric vehicles (EVs) will be distributed in the Oman market through its official dealer, BAT. The post VinFast signs first dealer agreement in the Middle East appeared first on TESLARATI.

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