Category: Global

New California laws will affect car sales, parking, drivers and pedestrians

SAN FRANCISCO — California drivers and pedestrians will see some changes on the roadways once 2024 begins. AB 645 establishes a five-year pilot program for San Jose, Oakland, San Francisco, Long Beach, Los

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Former Harford County car dealer sells final property – Baltimore Sun

Former car dealer Mike Martino has sold his seven-acre parcel on Belair Road in Fallston to Jones Junction, which already was leasing part of it as a Kia dealership, according to a news

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The EV market is booming, and it’s not just Teslas

(iSeeCars) – The number of traditional, non-Tesla new car dealers selling electric vehicles has more than tripled in the past three years. Between November 2020 and November 2023, the percentage of dealers selling

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what we learnt from markets in 2023

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Twelve months ago, few would have backed a debt-laden used-car sales platform and

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Complaints mounting against businessman accused in car sales fraud | News

A businessman is facing new fraud-related charges for allegedly failing to hand over millions of dollars to persons whose motor vehicles he sold. Akeem Adamson remains in police custody after he was charged

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O’Reilly Automotive, Inc.’s (NASDAQ:ORLY) Price Is Out Of Tune With Earnings

O’Reilly Automotive, Inc.’s (NASDAQ:ORLY) price-to-earnings (or “P/E”) ratio of 24x might make it look like a sell right now compared to the market in the United States, where around half of the companies

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Eagers Automotive says IT outage stems from cyber incident – Security

Eagers Automotive, which runs car dealerships nationwide, is trying to ascertain the extent of a “cyber incident” it says is impacting IT systems in “some” locations. … Continue reading this news update.

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Eagers Automotive halts trading in response to cyberattack

Eagers Automotive has announced it suffered a cyberattack and was forced to halt trading on the stock exchange as it evaluates the impact of the incident. Eagers Automotive is the largest operator of

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EV underdog VinFast to open first dealership in US

Credit: VinFast Vietnamese EV maker VinFast has announced that it will open doors to its first dealership in the US in the same state where it is building its $4 billion EV factory.

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Non-Tesla dealers selling electric vehicles have skyrocketed in Sacramento area, report says

In the Sacramento metro area, nearly two-thirds of new-car dealers are now selling electric vehicles, a recent report found. Excluding Tesla, 63.3% of new-car dealers in the region now offer EVs, compared to

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