‘It’s just scale’: Local mom-and-pop car dealerships are growing or dying amid industry consolidation, rise of mega-retailers
[ad_1] Derek Sylvester with members of his family, team and mascot Molly, who was featured on the dealership’s logo. Courtesy Sylvester Chevrolet Derek Sylvester’s father built the family’s original Chevrolet dealership with his bare hands on Main Street in rural Peckville, Pennsylvania, in 1972. The store and family have been a pillar of the village, […]
Ineos Automotive: Startup backed by a knighted billionaire and soccer mogul wants to rekindle the rugged SUV market
[ad_1] Ineos Grenadier SUV Courtesy Ineos Automotive An automotive startup founded by a knighted billionaire, U.K. chemical mogul and minority owner of one of the world’s most prominent soccer clubs wants to rekindle the rugged SUV market. The company — Ineos Automotive — has produced more than 35,000 off-road SUVs and pickups since starting in […]
EV maker Lucid reveals plans for robotaxi, positive free cash flow late this decade
[ad_1] The Lucid display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC NEW YORK — Lucid Group expects to be cash flow positive late this decade as it plans to grow its vehicle lineup and increase its software and technology offerings, the all-electric vehicle maker announced […]