Automobile dealing

FILE - This Oct. 16, 2019, file photo shows a sign at a General Motors facility in Langhorne, Pa. U.S. auto safety investigators have found no apparent defect with the passenger air bag seat sensors in thousands of older General Motors sedans. The National Highway Traffic Safety Administration denied a 2013 petition filed by a private crash investigator seeking a formal investigation of full-size cars including the Chevrolet Impala from the 2004 to 2010 model years. (AP Photo/Matt Rourke, File)
May 06, 2020 - 11:08 am
DETROIT (AP) — General Motors' first-quarter net income fell 88%, but it still managed to make $247 million despite the arrival of the global coronavirus pandemic. U.S. automakers suspended production in much of the world in late March. For GM, that clipped revenue for the quarter by 6%, to $32.7...
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In this April 16, 2020, a few cars and trucks drive on the usually very crowded main highway around Frankfurt, Germany, that is seen in the background. As the restrictions to avoid the spreading of the coronavirus are eased, Chancellor Angela Merkel has pointed to South Korea as an example of how Germany will have to improve measures to “get ahead” of the pandemic with more testing and tracking of cases so that the rate of infections can be slowed. (AP Photo/Michael Probst)
April 17, 2020 - 6:30 am
MILAN (AP) — European car sales tanked last month amid strict lockdown measures to contain the coronavirus that shut down dealerships for at least half of March and dried up consumer spending. The European carmaker’s association, ACEA, said Friday that new car registrations “recorded a dramatic...
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A man sits alone at a coffee shop area at a shopping centre in London, Tuesday, March 17, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Kirsty Wigglesworth)
March 17, 2020 - 2:48 pm
Governments and central banks are scrambling to find ways to keep businesses from going bankrupt as the virus outbreak grinds the world economy to a halt. A day after Wall Street endured its worst daily drop since the crash of 1987, European markets wavered, as did U.S futures markets. There is...
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FILE - In this April 16, 2019, file photo, attendees take a close look at cars from BYD at the Auto Shanghai 2019 show in Shanghai. China’s auto sales plunged 81.7% in February, 2020, from a year ago after Beijing shut down much of the economy to fight a virus outbreak, adding to problems for an industry that already was struggling with shrinking demand. (AP Photo/Ng Han Guan, File)
March 16, 2020 - 5:44 pm
DETROIT (AP) — When the coronavirus cut off the flow of parts from China in early January, most global automakers were ready: Anticipating such a crisis, they had prepared to tap other suppliers and to conserve parts that they had stored. Now, they face fast-moving new threats that seem beyond...
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FILE - In this Dec. 11, 2018, file photo, a beam of sunlight is cast on vehicles on a city ring-road clogged with heavy traffic during the morning rush hour in Beijing, China. Auto sales in China have plunged, deepening a painful downturn in the industry’s biggest global market and adding to economic pressure as the country fights a virus outbreak. (AP Photo/Andy Wong, File)
February 13, 2020 - 5:42 am
BEIJING (AP) — China’s auto sales plunged in January, deepening a painful downturn in the industry’s biggest global market and adding to economic pressures as the country fights a virus outbreak. Sales of SUVs, sedans and minivans fell 20.2% from a year earlier to 1.6 million, an industry group,...
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FILE - In this April 25, 2018, file photo a staff member stands next to a Tiggo 8 SUV by Chinese automaker Chery after a press conference at the China Auto Show in Beijing. A California company says it will build and sell Chinese-designed automobiles in the U.S. at the end of next year or early in 2022. HAAH Automotive Holdings says it has an agreement with large Chinese automaker Chery Automobile to provide the vehicles, which will be assembled in a U.S. factory. HAAH says the first vehicle sold will be a midsize SUV. (AP Photo/Mark Schiefelbein, File)
February 10, 2020 - 11:56 am
DETROIT (AP) — A California company says it will build and sell Chinese-designed automobiles in the U.S. at the end of next year or early in 2022. HAAH Automotive Holdings says it has an agreement with large Chinese automaker Chery Automobile to provide the vehicles, which will be assembled in a U...
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FILE - In this June 26, 2018, file photo a used 2017 Kia Forte sits in a row of other used, late-model sedans at a dealership in Centennial, Colo. Consumers bought an estimated 40.4 million used vehicles last year, likely passing the old record of 40.2 million set in 2018, according to figures from the Edmunds.com auto pricing site. (AP Photo/David Zalubowski, File)
January 29, 2020 - 11:47 am
DETROIT (AP) — The average sale price of a new vehicle hit a record of just over $39,000 late last year, a figure that chased many buyers out of the market and into used vehicles, which could set a sales record. The shift to used, aided by millions of late-model vehicles coming off two- and three-...
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FILE - In this Nov. 10, 2019, file photo the company logo shines off the grille of an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla will be able to sell and service its vehicles in the back yard of Detroit’s three automakers under a lawsuit settlement, a person briefed on the matter says. The settlement between the office of Michigan Attorney General Dana Nessel and Tesla is likely to be announced Wednesday, Jan. 22, 2020, says the person who asked not to be identified because terms of the deal haven’t been made public. (AP Photo/David Zalubowski, File)
January 22, 2020 - 12:38 pm
DETROIT (AP) — Michigan has cleared the way for Tesla to sell more electric vehicles in the state and get them serviced under a deal filed Wednesday that settles a lawsuit by the automaker. It won't be as simple as Tesla opening a dealership on a corner lot. But consumers at least won't have to...
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FILE - In this Nov. 27, 2019, file photo Robin Hazal shops at a Kohl's ahead of Black Friday in Las Vegas. The nation's largest retail trade group said Thursday, Jan. 16, 2020, that holiday sales increased 4.1%, near the top end of its forecast. (AP Photo/John Locher)
January 16, 2020 - 12:32 pm
NEW YORK (AP) — The nation's largest retail trade group says holiday sales increased 4.1%, the top end of its forecast. The National Retail Federation had expected growth in a range of 3.8% to 4.2% for the November and December period. The growth is nearly double the 2.1% growth seen during the...
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FILE - In this Feb. 11, 2007, file photo, NASCAR driver Juan Pablo Montoya, left, of Colombia, shares a laugh with co-owners Felix Sabates, center, and Chip Ganassi as they wait for qualifying for the Daytona 500 auto race, at Daytona International Speedway in Daytona Beach, Fla. Felix Sabates is leaving NASCAR after 30 years as a team owner. The Cuban refugee came to the United States at 15 and built a lucrative business that allowed him to enter NASCAR in 1989. (AP Photo/Glenn Smith, File)
December 12, 2019 - 11:18 am
CHARLOTTE, N.C. (AP) — In his den overlooking the 14th hole at Quail Hollow, there are a handful of reminders of Felix Sabates' 30 years in NASCAR — a photo of the team owner at one of his first races; a bobblehead of close friend and rival Rick Hendrick; in the corner, a replica of the Monster...
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