Macron, who personally met with ProLogium CEO Vincent Yang at the start of the vetting process, was due on Friday to officially announce in Dunkirk the 5.2-billion-euro ($5.7 billion) investment. Gilles Normand, ProLogium executive vice-president, said that after Macron, a former investment banker, pitched Yang more than a year ago Finance Minister Bruno Le Maire…
Tag: automotive news articles
What dealerships service managers are reading
When I was first starting at Automotive News a few years back and trying to learn the service and parts business, Lee Harkins, CEO of dealership training company M5 Management Services, let me be a fly on the wall at one of his performance group meetings. I must not have made too big of a…
Why Arizona Heat Makes Windshield Cracks Expand
Many of us have been there. You get a small chip or crack in your windshield and leave it alone, figuring it won’t get any bigger. Unfortunately, this isn’t often the case. In many situations, this crack or chip will gradually grow larger, causing you to need a full windshield replacement in the future, rather…
Reynolds and Reynolds acquires Canada’s DealerCorp Solutions
Retail technology company Reynolds and Reynolds has acquired DealerCorp Solutions of Markham, Ont., after a successful test run as a software partner. The deal was announced April 3. Financial terms were not disclosed. DealerCorp Solutions is a software company with a focus on developing cloud applications for the auto industry in Canada. The new deal…
Ford sales rise 10% in the first quarter as inventory improves
Ford Motor Co.’s US light-vehicle sales rose 9.9 percent in the first quarter, driven by increasing supplies and strong demand for new products. Sales by the Ford brand jumped 10 percent, making it the bestselling US brand in January through March. Lincoln sales fell 1.1 percent on fewer deliveries of the Corsair compact crossover. In…
Audi, China’s SAIC agreed to EV tech tie-up
Audi and SAIC Motor Corp. have agreed to partner on electric-vehicle projects as the German premium brand seeks to catch up with rivals in the key EV market. Audi said on Thursday that it reached an agreement with state-owned SAIC in which the two companies will accelerate the electrification of their portfolio as China’s auto…