The approximate $1.2 billion price tag contains $740 million for the dealerships’ blue sky and about $417 million for the real estate and leasehold enhancements. Asbury Automotive Group Inc. on Friday mentioned it has agreed to spend $1.2 billion to buy Jim Koons Automotive Cos. SCHAEFFLER AND VDL GROEP TO TEAM UP ON SELF-DRIVING SHUTTLES Schaeffler and VDL Groep are collectively exploring the development and production of a brand new technology of self-driving .. POLESTAR 2 – INCREASED RANGE, EFFICIENCY AND PERFORMANCE Polestar has improved the vary, effectivity and efficiency of Polestar 2 whereas concurrently lowering ..
Tensions over the future of the franchise system have been building for years, partly prompted by the rise of Tesla and its direct-to-consumer gross sales mannequin that has been emulated by different startup electrical automobile producers, similar to Rivian. Some states, such as Virginia, are proposing language that might stop conventional automakers from …