The co-principal of the Reagor Dykes Auto Group in Texas, which went bankrupt in 2018 amid accusations of widespread floorplan fraud, was found guilty by a federal jury of one count of false statement to a bank.
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The automaker didn’t say when one of the two remaining shifts will be slashed, but it did blame the ongoing semiconductor shortage and COVID-19 pandemic for the change.
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When the employee learned in December 2020 that a co-worker had tested positive for COVID-19, he asked Hi Tech Motorcars management to warn other employees, then emailed them all himself when management did not do so, according to the lawsuit.
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Sewell Automotive and Hello Auto Group expanded with October dealership transactions. Lithia Motors, meanwhile, sold a dealership.
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The J.D. Power Used Vehicle Price Index was up 35 percent over the same nine-month period of 2020. Last month, the index was 11.2 points higher than August, showing that used-vehicle prices continue to buck traditional seasonality.
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The Hermosillo plant makes the Bronco Sport crossover and Maverick compact pickup.
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Dubai-based Al Dahana accused the automaker of reneging on its contractual obligations in relation to the distribution of vehicles in the region.
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The automaker will reduce output again in November, but the impact will not be as painful as before and Toyota sees signs of recovery on the horizon.
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Hyundai, Kia and DS saw their sales increase in an otherwise disastrous month for automakers as the chips crisis hit supplies of new vehicles to dealerships.
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The trailer maker Colorado Teardrops says it has "hundreds" of preorders for a camper that will house EV-charging batteries in its frame.
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