Ford Dealers Win in Illinois

Ford Dealers Win in Illinois

November 14, 2023 — According to a bulletin from the Illinois Automobile Dealers Association today, the state’s Motor Vehicle Review Board confirmed the October 24th proposed decision by Hearing Officer Mark Kuchler finding for the 26 Ford dealers who filed a protest against Ford’s Model e certification program.  Today’s announcement was a formality as Ford had indicated it would… Continue Reading

Tentative UAW Contracts a Win-Win for All Parties, but Some Workers are Saying, No Deal

Tentative UAW Contracts a Win-Win for All Parties, but Some Workers are Saying, No Deal

Photo courtesy of Shutterstock & Luigi Morris October 30, 2023 (With November 14th updates) — The dust is still settling from the recent tentative settlements between the United Auto Workers union and the Detroit Three automakers. Still, initial details reflect agreements that may be a win-win for both sides following a 40+ day strike costing… Continue Reading

Asbury in Talks to Acquire Jim Koons – An Analysis

Asbury in Talks to Acquire Jim Koons – An Analysis

September 7, 2023 — This week, the Asbury Automotive Group filed an 8-K with the SEC, alerting the market it is talking to the Jim Koons Automotive Companies about purchasing its 21 dealerships.  (UPDATE: Asbury announced it is acquiring Koons — Read more Here.) The filing most likely was precipitated by the news leaking out… Continue Reading

Get Ready to Rumble — UAW Negotiations with the Detroit 3 Begin This Week

Get Ready to Rumble — UAW Negotiations with the Detroit 3 Begin This Week

July 10, 2023 — Dealers selling one or more of the Big Three domestic automotive brands may want to mark September 14, 2023, on their calendars.  At midnight on September 14, the current contracts between the United Auto Workers Union and Ford Motor Co., General Motors, and Stellantis will expire, resulting in what likely will… Continue Reading

Cliff Banks - The Banks Report

Relative Unknown Makes Big Play in UK

June 25, 2023 — A surprise announcement last week as The Alpha Auto Group (a Canadian-based with stores in the US) has made a bid to acquire the UK-based Lookers group for $596 million (£465mn). A few months ago, we heard that a Canadian group was looking at the British market but assumed it was… Continue Reading