Walser Automotive Expands with Chicago Nissan Acquisition

Minnesota-based Walser Automotive Group is entering into the Chicagoland region with the acquisition of Continental Nissan in Countryside, IL. MINNEAPOLIS–(BUSINESS WIRE)–#AutoNews—Walser Automotive Group, a Minneapolis-area based dealer group, has announced it will buy Continental Nissan of Countryside, Illinois. The single-point purchase, which closed October 1, will mark Walser Automotive Group’s entrance into the Chicagoland market. […]

ZT Motors Comes Home to Houston with Acquisition of Ron Carter Autoland

Automotive group broadens footprint across Southeast with three dealerships in the greater Houston region; on target to become one of the largest minority-owned auto dealers in the U.S. HOUSTON–(BUSINESS WIRE)–ZT Motors, the automotive portfolio arm of Houston-based private equity firm ZT Corporate, announced today it has completed the acquisition of Ron Carter Autoland, located south […]

Advance Auto Parts Names Mann + Hummel 2020 Vendor of the Year

Leading automotive aftermarket parts provider recognizes three additional brand partners during its Virtual Vendor Summit RALEIGH, N.C.–(BUSINESS WIRE)–Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts retailer, presented its 2020 Vendor of the Year awards during the company’s annual Vendor Summit held virtually this year in Raleigh, N.C. During the event, Advance honored […]

Ford Continues Share Gains; Ford Pickup Truck Sales Hit Best Third Quarter in 15 Years; Explorer Sales Accelerate 74 Percent; Lincoln Retail Posts Gains on Strong SUV Sales

DEARBORN, Mich.–(BUSINESS WIRE)–Ford Motor Company (NYSE: F) today reported its third quarter 2020 U.S. sales results. Click here or visit media.ford.com to view the news release. About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford […]

Telenav Special Committee Confirms Receipt of Non-Binding “Go Private” Proposal

SANTA CLARA, Calif.–(BUSINESS WIRE)–Telenav®, Inc. (the “Company”) (NASDAQ: TNAV), a leading provider of connected-car and location-based services, today confirmed that it has received a proposal from V99, a Delaware corporation led by HP Jin, Co-Founder, President and Chief Executive Officer of Telenav, to acquire all of the outstanding shares of Telenav for $4.32 per share […]

Car Rally Gone Wrong: Nearly 200 tickets issued at Wasaga Beach car rally

Wasaga Beach, Ontario — Police have issued nearly 200 tickets related to a car rally at Wasaga Beach, reported the Canadian Press. Officers had to close the town of Wasaga Beach to non-residents after hundreds of car enthusiasts gathered over the weekend. OPP also said 172 tickets were issued for speeding, dangerous driving, not wearing […]

More Moves at Mercedes-Benz: Automaker names Dimitris Psillakis CEO of MBUSA

Atlanta, Georgia – Dimitris Psillakis has been appointed to head of marketing and sales at Mercedes-Benz Cars North America and CEO of Mercedes-Benz USA, effective Jan. 1, 2021, according to a press release issued last Thursday. Psillakis had been promoted to CEO of Mercedes-Benz Canada in September 2020. He will continue to oversee the automaker’s […]

Looking Up: September marks best Canadian auto sales since start of pandemic

Toronto, Ontario – According to a recent report by DesRosiers Automotive Consultants, Canada’s auto sales this past September were 2.4 percent higher than the same period in 2019, marking this the best month for sales since the start of the pandemic. A total of 169,876 light vehicles were sold in Canada in September—up from 166,488 […]

New Addition: Galaxy AI joins CIECA as a corporate member 

Boston, Massachusetts — Galaxy.AI has recently announced that they will be joining CIECA as a corporate member.  Galaxy.AI headquarters is in Boston, Massachusetts and the company works with Tier 1 insurance carriers, collision repair facilities and OEMs to offer automated claim estimation capabilities to insurers and body shops.  After finding out about CIECA through an […]