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LMP Automotive Holdings Inc.’s CFO for about eight months has resigned, the new franchised dealership owner, used-car seller and vehicle subscription company said in a regulatory filing. Evan Bernstein, the former Braman Automotive Dealerships finance chief who publicly traded LMP announced as CFO last September, is resigning effective April 16, according to the Wednesday filing.
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In a tightening horse race, Mercedes-Benz returned to the front in luxury segment sales for the first quarter, powered by strong demand for its luxury crossovers. But its lead has narrowed from a year earlier. In the first quarter of 2020, Mercedes was in first place with a comfortable 11,400-vehicle distance from the segment’s third-place
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Ford Mustang Full Overview Rest in thunder, 2016 to 2020 Shelby GT350. Your ethereal 5.2-liter Voodoo V-8 was too good for this low-redline world; not even the recently introduced, supercar-baiting GT500’s 7,500-rpm cutoff can match your 8,250-rpm supernova scream. Your loss is so profoundly felt, we’ve been casting about for some car—any car—to fill the
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Dealership owner Bernie Moreno is entering the race for one of Ohio’s seats in the U.S. Senate, the Cleveland-area businessman said Tuesday. Moreno, 54, is vying for the GOP nomination to succeed Sen. Rob Portman, a Republican who announced in January that he will not seek reelection. Portman’s term expires in 2022. “For me, it’s
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Nissan Kicks Full Overview Consumer hunger for crossovers of all shapes and sizes has led automakers to respond to the demand by filling every niche imaginable with vehicles aimed to serve specific purposes. The Nissan Kicks is one such vehicle that does battle in the subcompact crossover segment, which contains nearly 20 vehicles. We spent
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Intel Corp. CEO Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden’s administration for April 12 to discuss the semiconductor supply chain issues disrupting U.S. automotive factories, according to a person familiar with the matter. Reuters previously reported the meeting will include Biden’s national security adviser, Jake Sullivan, and a
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Now that legacy automakers are delivering credible competitors to Tesla’s lineup of upscale performance-oriented electric vehicles, one of the auto industry’s biggest unanswered questions is now being addressed: Who can lure customers away from the allure of Elon Musk’s juggernaut? It won’t be easy. Against stiffening competition, Tesla continues to dominate the EV market in
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DETROIT — Jeep Wrangler enthusiasts who take their trail cruisers off-road are no strangers to tree-lined forests that provide a natural cover overhead. Now Jeep, which is jumping into electrification with the Wrangler 4xe plug-in hybrid and other models down the line, is building a different kind of canopy that will send juice to its
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President Joe Biden’s sprawling infrastructure proposal unveiled last week echoes many of the goals outlined by the auto industry through its persistent attempts to influence the administration’s strategy on expanding clean energy, speeding the adoption of electric vehicles and competing with China. In a six-page letter dated Monday, March 29 — two days before Biden
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DETROIT — GMC is expanding the Hummer EV lineup with an SUV, a more urban and family-oriented version of the 2022 pickup, and will begin sales with a special launch model priced at more than $100,000. The 2024 Hummer SUV Edition 1, which General Motors plans to start building in early 2023, is powered by
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The global pandemic requires a global response, something that’s been clear from the beginning. The difference between understanding that and actually carrying it out is vast—but getting vaccines to isolated populations in developing countries also something that doctors have had significant experience with in the last few decades. Several of the COVID-19 vaccines present additional
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Two House Democrats introduced a bill Thursday that would expand a loan program within the Department of Energy for projects that are committed to the production of fuel-efficient vehicles and parts. The bill is sponsored by Reps. Debbie Dingell of Michigan and Julia Brownley of California would update the Energy Department’s Advanced Technology Vehicles Manufacturing
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Don’t let the 2021 Lexus IS300 AWD‘s name deceive you; while the $40,025 rear-drive IS300 uses a 241-hp turbocharged 2.0-liter I-4 for motivation, the $42,025 all-wheel-drive IS300 has a 3.5-liter V-6. So despite sharing a badge with a four-cylinder car, it actually shares its engine with the pricier IS350 F Sport that stickers for $43,925 in rear-drive guise
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WASHINGTON — Ford Motor Co. will resume making political donations and will not rule out donations to those lawmakers who voted on Jan. 6 against certifying President Joe Biden’s election win, according to a letter from Ford seen by Reuters. The automaker was among many companies that suspended political donations earlier this year pending a
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We’ve largely enjoyed a lot of cricket noises on the alternative powertrain front where Chrysler/Dodge/Jeep/Stellantis is concerned—at least ever since the Daimler divorce. (Remember the fuel-cell-powered Commander 2 Concept of 2001, which included a full refinery under the hood to separate hydrogen from methanol, which must have been slightly easier to come by than hydrogen
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Editor’s note: A previous version of this story misstated the date of CarMax’s purchase of a minority stake in Edmunds. CarMax said Thursday it has signed a definitive agreement to acquire a remaining stake in Edmunds, the automotive research and vehicle-listings company. With CarMax’s previous $50 million minority stake, the total enterprise value of the
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