The green deal industrial plan and automotive sector impacts

European automobile manufacturers have expressed concerns about the risks posed by the United States’ Inflation Reduction Act and the possibility of ‘investment leakage’ out of the European Union (EU). Also, due to the arrival of Chinese government-subsidized EV manufacturers, more and more brands like NIO, Xpeng, BYD, Byton and several Geely brands have become visible […]

Car dealerships sell in 4 states in single-store deals

Morrie’s Auto Group made its first acquisition of 2023 and entered a new part of Minnesota with the purchase of a Stellantis store this month. Morrie’s, of Minnetonka, Minn., west of Minneapolis, on April 3 bought Brandl Motors Chrysler-Dodge-Jeep-Ram from longtime owners Joe Sexton and Gary Posch. The dealership was renamed Morrie’s Little Falls Chrysler-Dodge-Jeep-Ram. […]

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 of Keller Ford. The Lincoln store purchased from the Pfeiffer family was renamed LaFontaine Lincoln […]