Retail

Dealer M&A news: Lithia moves into Minnesota; Group 1 acquires California Lexus stores

Lithia & Driveway added one more state to its ever-expanding footprint with the acquisition of Minnesota-based Carousel Motor Group. The purchase includes Carousel’s nine dealerships in the Minneapolis-St. Paul area, including one just across the state line in Hudson, Wisc. ... [Read More]

Wholesale

OPENLANE’s treasurer, VP of investor relations announces upcoming retirement

For the second time this month, OPENLANE made an announcement involving an executive’s retirement. The one to surface on Tuesday involved Mike Eliason, the company’s treasurer and vice president of investor relations. OPENLANE said Eliason is retiring after more than ... [Read More]

Technology

Jessen joins Driivz as North American VP

Driivz, a provider of electric vehicle charging and energy management software, named Blake Jessen as its new vice president of North America. The company said Jessen’s “deep market knowledge and value-add approach” align with Driivz’s mission to “accelerate the EV ... [Read More]

Financial

COO Mitchell to succeed retiring Money at helm of AFC

OPENLANE has decided on a new leader for its floorplan operation. Will Mitchell, who has served the past three years as AFC’s chief operating officer, has been promoted to the floorplan financing provider’s president, parent company OPENLANE announced. Mitchell will ... [Read More]

Analysis

Satisfaction with public charging experience falling, JD Power study shows

The availability of public chargers is still the least satisfying aspect of owning a battery electric vehicle — and the latest research from J.D. Power shows that experience is actually getting worse. According to the J.D. Power 2024 U.S. Electric ... [Read More]

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