Ed Morse Automotive Group has expanded into Missouri, buying four Detroit 3 dealerships. The group now has dealerships in Florida, Oklahoma, Texas and Missouri.
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The company posted a $787.4 million net loss a year earlier as the coronavirus pandemic took hold and an almost $1 billion charge was booked for the quarter.
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Fraser Dunn, while at Aston Martin, worked on such vehicles as the Vulcan and Valkyrie Hypercar. He’s leaving his post and joining the APMA project full-time.
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Aptiv said adjusted operating earnings rose 89 percent while Tenneco said adjusted earnings improved 62 percent. Adient swung to a $69 million net profit.
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Magna's rising outlook reflects its growing business in China, where the automaker anticipates light-vehicle production of 24.7 million units in 2021, up from a previous estimate of 24 million.
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The aim of the realignment is to have a uniform global presence for the Mercedes corporate brand and its product brands, the automaker said.
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The automaker plans to have the database up and running by later this year.
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The startup makes a lidar sensor that helps cars gain a three-dimensional map of the road and can also detect the motion of distant objects.
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HGreg.com, which has two Nissan dealerships in Florida, said it bought Buena Park Nissan and Puente Hills Nissan in the City of Industry, both in the Los Angeles area.
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Aston Martin has posted significant losses since it went public in 2018 and has spent the last year restructuring itself.
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