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Fri, 22 Sep 2023 17:00:23 EDT

Penske bids throw wrench into Lithia deal for Pendragon

Lithia's potentially transformative deal for Pendragon would significantly grow the auto retailer's U.K. footprint, add a sizable fleet business and give the company a pathway to a dealership management system. But Lithia has competition for the deal after Penske and another firm submitted multiple joint offers for Pendragon.
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Posted By: Auto News
Fri, 22 Sep 2023 15:19:22 EDT

MileOne Autogroup sells 7 Virginia dealerships to Atlantic Coast Automotive

The stores trading hands between MileOne Autogroup and Atlantic Coast Automotive Group sell Chrysler, Dodge, Jeep, Ram, Chevrolet, Nissan, Hyundai, Acura and Ford brands and are in the Virginia cities of Chesapeake and Newport News.
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Posted By: Auto News
Fri, 22 Sep 2023 11:54:38 EDT

Mercedes production continues in Ala. despite UAW strike against ZF axle plant

German supplier giant ZF Group has been able to keep up production of axles at its Tuscaloosa, Ala., factory in the two days since UAW workers began striking there, allowing nearby production of key Mercedes-Benz models to continue.
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Posted By: Auto News