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First Up 03/30/21

VW Set to Plug in a New Name: "Voltswagen"

Volkswagen will spend more than $80 billion to bring at least 50 battery-electric vehicles to market by mid-decade, and it wants to make sure buyers know the new direction it is taking by using the name “Voltswagen” for its all-electric models.

First Up 03/29/21

Volvo Leaves U.S. Dealers Confused on Plans

A fourth-quarter surge in the number of U.S. dealerships sold led to one dealer buy-sell adviser declaring 2020 a record year for transactions. And several experts expect the accelerated pace of stores changing hands will continue in 2021, reports Automotive News.

First Up 03/26/21

Dealers Do Good Friday

Smail Auto Group in Greensburg, Pennsylvania, is supporting causes in its community through several initiatives including the Smail 500 – a friendly competition between its stores to collect nonperishable food items. In 2020, the Smail 500 collected almost 9,000 pounds of food. The group also holds an annual Breast Cancer Awareness campaign, which raised over $35,524 last October for a total of $577,319 donated by the dealership group.

First Up 03/25/21

GM Forced to Cut Production of Midsize Pickups Due to Chip Shortage

General Motors will suspend production of its midsize pickup trucks due to a global semiconductor chip shortage. It’s the latest shutdown as the automaker prioritizes production of its larger, more profitable full-size pickups and SUVs, reports CNBC.

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Alexandria, VA 22314

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