Tag: Toyota

TIM LAMB GROUP BROKERS ATLANTIC COAST AUTOMOTIVE GROUP’S PURCHASE OF SIX STORES FROM WILLIAM NYE IN UPSTATE NY

LANCASTER, Ohio, June 2, 2022 /PRNewswire/ — Rob Lee, Northeast Director of the Tim Lamb Group, has brokered the sale of six NYE Group dealerships in upstate New York to the Atlantic Coast Automotive Group, a large dealer group.  Founded by Harold Nye in 1968, the NYE Group has been led by Harold’s son, William,… Continue reading TIM LAMB GROUP BROKERS ATLANTIC COAST AUTOMOTIVE GROUP’S PURCHASE OF SIX STORES FROM WILLIAM NYE IN UPSTATE NY

May sales provide feel-good factor

Sales across all automotive segments including passenger vehicles, two wheelers, commercial vehicles and tractors advanced at a brisk pace year-on-year in May 2022.  However, these numbers have to be seen in the context of lower volumes in the year-earlier month, as a result of a devastating second wave of the pandemic that led to lockdowns and… Continue reading May sales provide feel-good factor

German Manager Magazin: Renault plant in Moscow: FAW and JAC are to build the Moskvitch 2.0001815

After Russia invaded the Ukraine also has the French carmaker Renault halted business in its second largest market after Europe. About two weeks ago, the group announced that it would completely abandon its business because of the war in Ukraine Russia– to separate business. All shares in Renault Russia would be sold to the city… Continue reading German Manager Magazin: Renault plant in Moscow: FAW and JAC are to build the Moskvitch 2.0001815

Updated 2023 Toyota Corolla is more powerful and efficient

Toyota has updated the Corolla, three years on from its launch, with a raft of specification, design and mechanical improvements – most notably ushering in the latest generation of its petrol-electric hybrid drivetrain. The Toyota Corolla has sold more than 50 million units worldwide since its 1966 introduction and is currently in its 12th generation. It… Continue reading Updated 2023 Toyota Corolla is more powerful and efficient

Hertz Announces Franchise Agreement with Via Biler Group

Via Biler sells electric vehicles at 12 dealerships across Denmark.   Photo: flickr.com / Fred Romero Hertz International announced in a statement that the Via Biler Udlejning A/S will become the company’s master franchisee in Denmark effective January 1, 2023. Based in Denmark, car dealership group Via Biler offers Toyota, Ford, Volvo, Mazda, Suzuki, and Polestar electric vehicles… Continue reading Hertz Announces Franchise Agreement with Via Biler Group

Cathay Capital hits $240m first close of Growth RMB Fund II, targets $448m …

Global investment firm Cathay Capital has secured the first close of its second RMB-denominated growth fund at over 1.6 billion yuan (almost $240 million), while it targets 3 billion yuan ($447.6 million) for the final closing, the firm announced on Thursday. Cathay Growth RMB Fund II is backed by cornerstone investors Valeo, a publicly-listed automotive… Continue reading Cathay Capital hits $240m first close of Growth RMB Fund II, targets $448m …