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In 2002, Sonic acquired the sixteen-location Michigan-based Don Massey Dealerships. This brought the company to 134 total locations, making it the second-largest automotive retailer at the time. The acquisition also brought Sonic to 23 total Cadillac dealerships, representing between 5-7% of the brand's total revenue. [13]
Hyundai Motor Manufacturing Alabama: 700 Hyundai Blvd. Montgomery, Alabama 36105 Hyundai Tucson, Hyundai Santa Fe, Hyundai Santa Cruz, Genesis GV70 (ICE & EV) Hyundai Motor Group Metaplant America: 71500 Genesis Dr. Ellabell, Georgia 31308 Hyundai Ioniq 5, Hyundai Ioniq 9
Group 1 Automotive, Inc. is an international Fortune 300 automotive retailer [3] with automotive dealerships and collision centers in the United States and the United Kingdom. . Group 1 sells new and used cars and light trucks, arranges financial services, provides maintenance and repair services, and sells vehicle par
A new plant is being built for Audi FAW NEV Company Ltd., which will build Audi EV's on the PPE platform & is majority (60%) owned by Audi and by VW China. Production is due to begin in 2024. 43°50′34″N 125°11′48″E / 43.84278°N 125.19667°E / 43.84278; 125.19667 ( FAW-Volkswagen Changchun
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A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.