Volkswagen Drives Toward Porsche IPO
Volkswagen and its top shareholder have prepared a preliminary agreement to list Porsche to boost the parent company's valuation and fund its push into EVs.
Volkswagen and its top shareholder have prepared a preliminary agreement to list Porsche to boost the parent company's valuation and fund its push into EVs.
A coalition has asked the U.S. Treasury Department to grant relief to dealers employing the LIFO tax deferment strategy who face excessive tax bills this spring.
The Estimated Average Weekly Sales Rate has dropped to 61% this week, after a few weeks at 62%. This is not surprising as wholesale buyers try to anticipate consumer sentiment and wholesale seller behavior.
Recent media coverage about rising new-vehicle prices fails to account for unprecedented market conditions in the retail auto market.
LMP Automotive Holdings Inc. plans to terminate seven pending purchases of many auto dealerships due to an inability to secure financial commitments.
Volkswagen plans to decide on location for new plant and increase production output in the second half of 2022, reports company officials.
The Company intends to terminate all of its pending acquisitions in accordance with the terms of their respective acquisition agreements, primarily due to the inability to secure financial commitments and close within the timeframes set forth in such agreements.
In the most recent Auto Market Report video, Cox Automotive Chief Economist Jonathan Smoke notes that 2022 has started slower for the U.S. economy and for vehicle sales.
The rate of week-over-week declines has accelerated, exceeding the typical seasonal expectations for this time of year.
Tesla’s Model Y could overtake BMW as the top-selling luxury model when its plant opens in Texas.
Total losses add up to $300 million, with a $155 million hit to automakers and $145 million in lost direct wages.
The power of an addendum lies in its ability to clarify the customers value in the vehicle, as well as reminding them of the unavoidable perils of owning a vehicle in today’s world.
The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.
Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.
First of several benefits planned in 2022 to further independent dealer goals, needs.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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