Jeff Parent starts with an annual base salary of $800,000, a one-time payment of $1.5 million and various stock compensation.
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Lithia's potentially transformative deal for Pendragon would significantly grow the auto retailer's U.K. footprint, add a sizable fleet business and give the company a pathway to a dealership management system. But Lithia has competition for the deal after Penske and another firm submitted multiple joint offers for Pendragon.
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The Alliance for Automotive Innovation said Friday that because a compliance option is not immediately available that they would abide by NHTSA's earlier guidance in June.
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The stores trading hands between MileOne Autogroup and Atlantic Coast Automotive Group sell Chrysler, Dodge, Jeep, Ram, Chevrolet, Nissan, Hyundai, Acura and Ford brands and are in the Virginia cities of Chesapeake and Newport News.
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The UAW has expanded its strike to GM and Stellantis parts distribution centers, which will likely impact vehicle repair times at dealerships nationwide.
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Timo Resch succeeds Kjell Gruner, who left Porsche Cars North America to join Rivian Automotive.
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So far, the losses have been concentrated in Michigan, Indiana, Alabama, Kansas, Missouri and Ohio, where plants are shuttered over the strike.
Continue Reading the above article 'UAW strike cost the economy $1.6B in first week, e...
German supplier giant ZF Group has been able to keep up production of axles at its Tuscaloosa, Ala., factory in the two days since UAW workers began striking there, allowing nearby production of key Mercedes-Benz models to continue.
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UAW President Shawn Fain said he is not adding new Ford sites to the strike because the automaker had increased its offers for profit-sharing payouts and job security.
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Lawyer says workload and compensation were unfair compared with male colleagues.
Continue Reading the above article 'Former Kia attorney claims company, boss created h...