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FTC Says 90% Of Buyers Paid $2,000 More Than Advertised At Stellantis, GM And Ford Dealer Group

Carscoops

Nearly 90% of buyers allegedly paid $2,000 more than advertised between 2020 and 2023. On average, buyers were charged an additional $2,000, often due to unexpected add-ons or fees, “Buying a car is a significant financial investment. The FTC and Maryland accused the Lindsay dealer group of deceptive pricing practices.

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Advanced AI Tools and Automation Are Transforming Automotive OEMs

AutoSuccessOnline

Predictive analytics and automation simplify operations and boost efficiency across automotive OEMs. Artificial Intelligence (AI) has significantly improved two key areas of the automotive industry: consumer satisfaction and the employee satisfaction rates. In fact, it is the next horizon that simply cannot be ignored.

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Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Hyundai Genesis of Metairie Dealership to Matt Bowers Auto Group

Dealer World

Following this sale, and the recent sale of Audi Lafayette and Audi New Orleans, Bohn Brothers Automotive also owns Toyota of Slidell. Stephen Dietrich and Brooke Sizer of Holland & Knight served as legal counsel to Bohn Brothers Automotive Group. Bohn in 1924 in New Orleans. Home to over 1.2 Crowe LLP was the sellers accountant.

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McLaren supercar business sold to Abu Dhabi-backed CYVN

Motor Authority

McLaren Automotive has been sold by Bahrain sovereign wealth fund Buyer is Abu Dhabi-owned investment consortium Deal likely paves way for first McLaren EV CYVN Holdings, an investment consortium owned by the Abu Dhabi government, has agreed to purchase 100% of McLaren Automotive, the supercar business of McLaren Group.

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How Black Americans Helped Save Cadillac and Shaped Its Legacy of Resilience and Culture

Automotive Addicts

The automotive industry, particularly luxury brands like Cadillac, faced a near-collapse. The Automotive Industry During the Great Depression The onset of the Great Depression in 1929 created a ripple effect that decimated industries, many of which were dependent on consumer spending.

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Autofinity launches new tool to aggregate vendor stock

Motor Trader

Autofinity has launched ViSOURCE, a tool to aggregate wholesale vendor stock and information to provide buyers with an extensive view of the used car market. ViHUB enables automotive retailers to pool vehicle data, automatically populate online marketplaces and manage stock with up-to-date inventory details.

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Industry calls for car tax rethink as private EV sales miss targets

Autocar

Electric car sales climbed 42% year on year in January but still lagged well behind ZEV mandate targets The UK automotive industry is calling for more to be done to encourage private buyers into electric cars , as the latest sales figures reveal EV uptake is falling well short of the government's mandated targets. market share.

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