Upgrade's new auto lending product sources capital from 220 partners ranging from small community banks to asset managers, CEO Renaud Laplanche said.
Genesis’ GV80 Coupe was unveiled in South Korea alongside the redesigned GV80, marking the second generation of the midsize crossover. The pair are expected to arrive stateside in mid-2024 for the 2025 model year.
AutoNation Inc. last week said it followed rivals Lithia Motors and Penske Automotive Group Inc. into the bidding war for Pendragon.
Ford's CEO accused the union of holding the Detroit 3 hostage over unaffordable demands, as the UAW ordered 7,000 more workers onto picket lines.
The right of first refusal in dealership buy-sells has helped minority dealers acquire stores, some their first, and is a tool many automakers say can help them manage their franchises. But others say an increased use of the tool can hurt factory-dealer relations, spook some would-be bidders and lead to lower dealership prices.
