Lyft Gets a Lift from General Motors

Lyft Gets a Lift from General Motors

January 4, 2016 — General Motors is jumping into the ride sharing world investing $500 million in three-year old start up Lyft, reports Bloomberg Business. Meanwhile, GM’s president Dan Ammann will be on the company’s board. The investment is part of a $1 billion fund raising effort from Lyft which raises the company’s valuation to $5.5… Continue Reading

Lithia Announces Sixth Acquisition of 2015

Lithia Announces Sixth Acquisition of 2015

December 22, 2015 — Lithia Motors announced its sixth acquisition of 2015 yesterday — the Barton Chrysler Dodge Jeep Ram Alfa Romeo Fiat dealership in Spokane, WA. The purchase adds to Lithia’s presence in Spokane where it already owns stores selling the BMW, Chevrolet Cadillac, Mercedes-Benz Sprinter, and Subaru brands. Lithia expects the purchase to add approximately… Continue Reading

Hot December for Dealership Buy-Sells

Hot December for Dealership Buy-Sells

December 17, 2015 — It was an intense first two weeks in the dealership buy-sell world as transactions involving 38 stores were either closed or announced through December 15. December is shaping up to be a huge month which could put the industry near 500 rooftops exchanging hands in 2015. It’s the biggest two week stretch since The Banks Report…

This content is for subscribers only.
Log In Subscribe
McLarty Buys 4 Dealerships from Asbury

McLarty Buys 4 Dealerships from Asbury

December 16, 2015 — McLarty Automotive acquired four dealerships this week from the Asbury Automotive Group in Little Rock, AR. The purchase gives the McLarty group 13 dealerships — 11 that have been acquired since the end of October. The four dealerships are North Point Nissan (McLarty Nissan of Little Rock); North Little Rock Nissan (McLarty… Continue Reading

Renault Nissan Alliance Saved for Now

Renault Nissan Alliance Saved for Now

December 11, 2015 — The Renault Nissan Alliance and the French government reportedly have agreed to terms that will restore balance of power between the two sides. The agreement, which still has to be voted on by the board, will allow Nissan to protect itself from increasing influence from the French government. The dispute (read more here)… Continue Reading

Cliff Banks - The Banks Report

A New Digital Land Grab Coming to Automotive

December 1, 2015 — Industry-specific domain extensions are coming to the automotive industry next week and could create a digital land grab reminiscent of the Oklahoma land rush in 1889. Cars Registry Ltd, a joint venture between XYZ and Uniregistry,  which owns and operates the new extensions, is making the domains, .cars, .car and .auto available for purchase… Continue Reading