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Automotive Deals

Mullen Automotive Inc’s shares motor ahead after completing the second EV deal

Mullen Automotive Inc (NASDAQ:MULN) saw its shares motor ahead on Wednesday after completing the purchase of bankrupt EV start-up Electric Last Mile Solutions (ELMS), paving the way for the company to manufacture its first electric vehicle. The California-based EV company… Continue Reading…

Automotive Deals

Performance Brokerage Services Advice on the Sale of Boardwalk Acura in New Jersey from Group 1 Automotive to Key Auto Group

The entire process was efficient, and they were available and responsive to deal with related issues, which are inevitable in auto retail M&A. I look forward to working with them again in the future. IRVINE, Calif. (PRWEB) April 13,… Continue Reading…

Automotive Deals

Lincoln, GM and Ford dealerships sell in deals across 4 states

LaFontaine Automotive Group has acquired Pfeiffer Lincoln in Grand Rapids, Mich., marking the second Grand Rapids dealership for the Highland, Mich., group as it continues to expand into western Michigan. The acquisition, which closed Monday, follows LaFontaine Automotive’s August purchase… Continue Reading…

Automotive Deals

Hyundai-Genesis, Toyota, Stellantis and Ford dealerships sell in Q3, Q4 deals

Joe Caso, longtime owner of Frontier Toyota in Valencia, Calif., sold his dealership to first-time owner Aman Abraham late last year. Abraham’s newly formed Addis Automotive Group in Los Angeles purchased the store Nov. 11. He is maintaining the Frontier… Continue Reading…

Automotive Deals

GM signs a deal with an Australian company to boost the EV supply chain

“The E25 facility will build in Louisiana is significant because it is expected [to] be the first plant in the United States to produce battery-grade manganese sulfate, a key component of cathode active material, which helps improve EV battery cell… Continue Reading…

Automotive Deals

Exclusive: Vietnam’s Truong Hai considers stake sale in $5 billion automotive arm

SINGAPORE/HANOI, June 28 (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba ​​Duong, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the unit at around $5 billion,… Continue Reading…

Automotive Deals

Can You Return a Car You Just Bought? Buyer’s Remorse Law and More

Problem: “The dealership ripped me off” If the car salesperson you worked with didn’t keep promises or you suspect fraud, you might have a case. But don’t make wild, unfounded accusations. Instead, use any documentation you can find. If you… Continue Reading…