Tesla CEO Elon Musk says the EV maker will return deposits to “a lot of people” who reserved a Cybertruck as production capacity gives way to the Cybercab. +
Tesla executives want to sell the steering wheel- and pedal-free Cybercab to individuals and fleets. The vehicle or federal safety standards would have to change first. +
Buckeye Risk Services has appointed former franchised and independent dealer group executive and Texas Independent Auto Dealers Association leader Mark Jones as the agency’s new business development manager. +
The Federal Trade Commission has dismissed a complaint alleging systematic payment packing at three Texas dealerships owned by Asbury Automotive. +
A judge will determine how much a service contract provider owes a dealership for the unauthorized use of its name in a direct mail campaign. +
Kayalar Motors’ Selcuk Kaya has launched Nemroot, a new platform powered by AI and built to attack the communication issues that derail sales. +
Luke Ramseth of The Detroit News reports Carvana’s seven recently acquired Stellantis dealerships have sold new vehicles to customers in 37 states. +
Tesla is on track to end a two-year streak of declining sales after reporting the delivery of 480,126 new units worldwide in the second quarter. +
A judge has ordered Abigail Kampmann to pay $20 million to Mark Smith, her soon-to-be former partner in the five-dealership, San Antonio-based Principle Auto group. +
Carvana has purchased Sacramento (Calif.) Chrysler Dodge Jeep Ram, continuing a Stellantis dealership buying spree that started nearly a year ago, likely in an attempt to secure an in-house inventory channel. +
