Automotive Deals - A360

Automotive Deals

2023 Chevy Colorado Trail Boss Road Test: Everyday adventures

Having already driven the 2023 Chevrolet Colorado Trail Boss extensively off-road in the course of our first drive review, it was time to get it back home and see how it deals with the mundanity of family life. Of course, full-size pickups are in most cases the truck of choice for families given their crew cabs’ colossal backseat space and abundant available features. But midsize pickups aren’t exactly small, and with crew cabs of their own, it’s not like your kiddos will be riding in those frightful flip-down jump seats of old or, even more frightfully, just out in the…

Automotive Deals

Best New Car Lease Deals for May 2023

There are all kinds of reasons for needing a car over a shorter term, especially at a time when the auto industry is still experiencing supply-chain woes. Buying a car outright and then selling it in a couple of years involves tying up a bunch of capital and then taking a hit on depreciation. Instead, a 24-month lease provides the stop-gap filler you need to get around right now with reduced financial exposure. This month, we have a host of two-year lease deals across the full spectrum, from family-friendly crossovers to luxury EVs. There’s something here to fill nearly every…

Automotive Deals

Mullen Automotive gives updates on EV deals, factories

Mullen Automotive Inc. MULN, -1.57% gave a business update before market open Monday, with the electric vehicle maker providing details of its latest factory developments and a recently announced $15.8 million contract with MGT Lease Company. The fleet sales and leasing provider took delivery of Mullen’s EV Cargo Vans earlier this year. “The company afterward signed a vehicle purchase agreement, as announced on May 11, 2023, for 250 all-electric commercial Class 3 Cab Chassis EV Trucks,” said Mullen Automotive, in the update. “The contract is valued at $15.8 million and MGT expects to take possession of the vehicles between August…

Automotive Deals

US auto parts supplier signs deal to buy Quebec’s Uni-Select in $2.8-billion deal

LKQ Corp. has signed a deal to buy Quebec-based Uni-Select Inc. in a roughly $2.8-billion deal that aims to boost the US automotive equipment supplier’s aftermarket business amid a thriving market. Under the agreement, LKQ will pay $48 per Uni-Select share in cash for the aftermarket auto parts distributor. The purchase marks a 19.2 per cent premium over the $40.28 closing price of Uni-Select shares on the Toronto Stock Exchange on Friday. The transaction, which needs shareholder approval, also requires antitrust clearances in Canada, the US and the UK and approval under the Investment Canada Act. LKQ chief executive Dominick…