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A Bloomberg report accuses Fiat Chrysler of creating a ‘sales bank’ of up to 40,000 new vehicles, reviving an old practice that could stoke tension among...
https://www.agent-entrepreneur.com/359486/bloomberg-fca-banking-unordered-vehicles-pressuring-dealers
An attorney representing hundreds of former Chrysler franchisees in a $1 billion lawsuit against the federal government plans to file an appeal that could...
https://www.agent-entrepreneur.com/359474/chrysler-dealers-to-appeal-claims-court-loss
The latest report shows U.S. new car dealers are on pace for yet another 17 million-unit year, led by gains at Japanese and Korean factories, increased...
https://www.agent-entrepreneur.com/359344/october-sales-saar-could-hit-17m-for-5th-straight-year
Fiat Chrysler and PSA Group have agreed to join forces to create the world’s No. 4 automaker in a $48 billion deal designed to save the factories billions...
https://www.agent-entrepreneur.com/359317/fca-psa-reach-tentative-merger-deal
The Federal Reserve has announced its third interest rate reduction since July, this time excluding language committing the central bank to action in...
https://www.agent-entrepreneur.com/359319/fed-triggers-third-interest-rate-cut-of-2019
Bloomberg reports Fiat Chrysler and PSA Group, which includes the Peugeot, Opel, and Citroen brands, could announce a merger as soon as this week, a deal...
https://www.agent-entrepreneur.com/359277/report-fca-and-psa-in-merger-talks
The U.S. PIRG Education Fund issued a damning report after finding one in every nine used vehicles for sale at 28 AutoNation-owned locations in 12 states is...
https://www.agent-entrepreneur.com/359096/recall-sweep-targets-autonation-dealerships
California Gov. Gavin Newsom has signed AB 179, enacting new dealer protections against below-market warranty reimbursement rates and OEM-ordered facility...
https://www.agent-entrepreneur.com/359061/calif-dealers-get-warranty-rate-hike-10-year-upgrade-intervals-ccpa-exemption
Electrek reports Tesla CEO Elon Musk wants to open ‘Tesla Centers’ around the U.S., once again challenging rules against direct-to-consumer sales. Sources...
https://www.agent-entrepreneur.com/359045/sources-tesla-wants-back-in-dealership-game-seeks-loophole
U.S. sales of new cars and light trucks fell 12% year-over-year in September, suppressed in part by a Labor Day weekend allotted to August. Few were spared...
https://www.agent-entrepreneur.com/358845/detroit-japan-factories-suffer-in-short-september-sales-report