A dealer's nightmare: $2 million embezzledMon, 26, Sep 2016
Ford dealer O.C. Welch was stunned a year ago to find out his assistant comptroller was embezzling from him. On Sept. 15, she was sentenced to eight years in prison for stealing nearly $2 million from Welch's South Carolina dealership.
Cadillac offering buyouts to 400 smaller U.S. dealersFri, 23, Sep 2016
Cadillac is offering its 400 smallest U.S. dealers as much as $180,000 if they would rather give up their franchise than make the investment necessary to meet a host of new standards being imposed by the brand.
Cadillac offers a way out, not a pushMon, 26, Sep 2016
Cadillac says it isn't trying to push small dealers out. It's just giving them a simpler alternative to what brand boss Johan de Nysschen warns will be a “long, arduous and challenging journey.”
Ex-refugee is right at home selling carsMon, 26, Sep 2016
When Ron Marhofer Chevrolet hired Bishnu Rai a year ago, it gave the group an opportunity to grow sales among the Bhutanese and Nepalese that have immigrated into the Akron area. Rai is on track to earn 50 percent more than he did at his previous job.
Dealer's hard line on recalls is costing himMon, 26, Sep 2016
At his Florida Toyota dealership, Earl Stewart implemented a hard-and-fast ban on selling used cars with unrepaired safety recalls. He won't even wholesale used cars with open recalls. It hasn't been easy.
Eric Peterson, GM's diversity VP, will retire Oct. 1Fri, 23, Sep 2016
Eric Peterson, General Motors' vice president of U.S. diversity dealer relations, will retire effective Oct. 1. A successor for the 40-year GM veteran has not been named, a GM spokesman said.
Carbone helps Lithia expand in NortheastMon, 19, Sep 2016
Acquiring the nine-store Carbone Auto Group gives Lithia Motors its first dealerships in New England.
Lithia buys Carbone Auto Group, boosts Northeast presenceTue, 13, Sep 2016
Lithia Motors has bought the Carbone Auto Group in a deal estimated to produce $600 million in annual revenue. It also expands Lithia's operations to Vermont, while adding to its existing New York stores.
Tesla cranks up pressure to end ban on direct auto salesFri, 23, Sep 2016
Tesla Motors is cranking up the pressure to sell electric cars directly to customers, after filing its first federal lawsuit over the practice on the home turf of General Motors and Ford. Tesla on Thursday sued the State of Michigan to overturn its ban on direct sales by auto manufacturers.
Tesla sues Michigan in U.S. court over direct sales banThu, 22, Sep 2016
Tesla Motors is suing the State of Michigan in federal court over its law banning the direct sales of vehicles to consumers. The law, which the automaker calls the “Anti-Tesla amendment” in the suit, was cited in the rejection of the electric-vehicle maker's application for a state dealership license earlier this month.
CarMax quarterly earnings fall 5.7%Wed, 21, Sep 2016
CarMax's quarterly earnings dropped 5.7 percent, as customer demand leaned toward older, less expensive used vehicles, the retailer said. It also said a test to deliver used vehicles to customers' homes rolled into Charlotte, N.C.