Ford

Auto Dealership Buy/Sell Market Achieves New Transaction Record in 2023, Surpassing 2021 Peak; Valuations Remain at All Time Highs for Top Franchises in High Growth Markets

Retrieved on: 
Tuesday, April 9, 2024
Consulting, EV, Electric Vehicles, Automotive, Professional Services, Business, Marketing, Advertising, Communications, Other Automotive, General Automotive, Finance, Lincoln, Volvo, Face, Growth, Asbury Automotive Group, Original equipment manufacturer, Big Three (automobile manufacturers), Partnership, Risk, Multiple, Kerrigan, Sale, Acquisition, Ford, ICE, BMW, OEM, Toyota Financial Services, Population growth, Car dealership

The auto dealership buy/sell market’s outperformance relative to the broader corporate M&A market is, according to the report, a result of its distinctly private structure.

Key Points: 
  • The auto dealership buy/sell market’s outperformance relative to the broader corporate M&A market is, according to the report, a result of its distinctly private structure.
  • “When earnings soared in 2021, buyers correctly projected that pandemic earnings were unsustainable and normalized earnings for valuation purposes.
  • The public dealership groups acquired 61 franchises for $2.7 billion in 2023, the second highest US acquisition spending level on record.
  • The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail.

Hybrid Truck Market Global Market Report 2024: Last-Mile Delivery Solutions and Regulatory Support and Emission Standards Shaping the Landscape - Long-term Forecast to 2028 and 2033 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 9, 2024
Alternative Vehicles, Fuels, Automotive Manufacturing, Manufacturing, Automotive, EV, Electric Vehicles, Growth, Public, Light, Transport, Ford, Carbon, City, EPA, Ranger, Ford EcoBoost engine, Ideanomics, Office for National Statistics, Government, Model, Renewable energy

The "Hybrid Truck Market Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Hybrid Truck Market Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
  • Asia-Pacific is expected to be the fastest-growing region in the global hybrid truck market during the forecast period.
  • The regions covered in the hybrid truck market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
  • The countries covered in the hybrid truck market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Battelle Delivers Up-Armored Ford Expeditions to U.S. Department of State

Retrieved on: 
Monday, April 8, 2024
Research, Other Defense, Contracts, Technology, Defense, Security, Science, Government Technology, Automotive Manufacturing, Other Technology, Manufacturing, Other Science, Department of Defence, Certification, Organization, Government, Denial-of-service attack, Security Service, DSS, Exploration, United, Ford Motor Company, Ford, Toyota, Ford Expedition, Expedition, Operation, Diplomatics, Feedback

Battelle has delivered four upgraded Ford Expeditions to the United States Department of State (DoS) for testing, evaluation, and certification.

Key Points: 
  • Battelle has delivered four upgraded Ford Expeditions to the United States Department of State (DoS) for testing, evaluation, and certification.
  • Battelle upgraded the Expeditions with armor and technology to meet specific protection mission requirements while leaving the original showroom appearance.
  • Battelle is also producing 229 up-armored Toyota Land Cruiser 200s for DoS that will be delivered within the next 15 months.
  • “We are really proud of these vehicles,” said Battelle Ground Systems Senior Program Manager Jim LaBine.

G Force Performance Adds an Impressive Group of Products First Quarter 2024

Retrieved on: 
Tuesday, April 9, 2024
Nissan, Mustang, Piston, Tool, G Force, T56, DIY, Ford, Collection, Ford Mustang, Hemi, SBC, Universal, RTV, G8, Chevrolet Camaro, Borg-Warner T-56 transmission, Pontiac G8, Multimedia, Swap, Hydraulic machinery

WADSWORTH, Ohio, April 9, 2024 /PRNewswire-PRWeb/ -- G Force Performance Products, a trusted source of aftermarket automotive components, announced the addition of several notable products to its lineup for the first quarter of 2024.

Key Points: 
  • G Force Performance Products, a trusted source for aftermarket automotive components, announced the addition of several notable products to its lineup for the first quarter of 2024.
  • WADSWORTH, Ohio, April 9, 2024 /PRNewswire-PRWeb/ -- G Force Performance Products , a trusted source of aftermarket automotive components, announced the addition of several notable products to its lineup for the first quarter of 2024.
  • G Force is constantly improving and adding to our product line to make upgrading car and truck performance faster, easier, and more satisfying for the enthusiast.
  • For more information, please visit G Force Performance Products' official website at crossmembers.com.

BizzyCar Unveils Inaugural Recall Report: Q1 2024 Highlights Surge in Vehicle Recalls with More than 9 Million Recalls Issued

Retrieved on: 
Tuesday, April 9, 2024
Tesla, Inc., Safety, NHTSA, Recall, USDOT, Original equipment manufacturer, Ford, Automotive industry

Tesla Inc. topped the list with over 2.4 million vehicles affected, primarily due to electrical system issues.

Key Points: 
  • Tesla Inc. topped the list with over 2.4 million vehicles affected, primarily due to electrical system issues.
  • The recall data reveals a volatile trend in the automotive industry, with a noticeable uptick in the number of vehicles affected by recalls.
  • In Q1 2024, the United States saw a sharp rise in vehicle recalls, according to analysis by BizzyCar using data from the NHTSA and USDOT.
  • This surge underscores the magnitude of the issue and emphasizes the potential safety risks for millions of American vehicle owners.

Two Barrels of Oil Per Day Is All Drillers Extract from Community Wells, Making Case For New Law For $10K Per Day Fine, says Consumer Watchdog

Retrieved on: 
Monday, April 8, 2024
Sentinel, Consumer Watchdog, Health, Risk, School, F-150, Hospital, Research, Cancer, Ford, Birth, Energy Information Administration, Asthma, Aera Energy, California State Assembly, Multimedia, Jamie Court, Oil

"With oil at less than $80 per barrel, oil drillers are putting the health of communities at risk for less than $150 per day."

Key Points: 
  • "With oil at less than $80 per barrel, oil drillers are putting the health of communities at risk for less than $150 per day."
  • FracTracker Alliance found that overall statewide oil production averages 3.3 barrels per day per well based on CalGEM data for 2022.
  • An onshore well that produces between 1,000 and 3,000 barrels of oil a day is considered a good production range .
  • "The average community well's two barrel of oil output is not even enough to fuel four Ford F-150 trucks."

Engel & Völkers Continues Franchise Expansion in Florida with New Location in Trinity

Retrieved on: 
Monday, April 8, 2024
Professional, Science, University of North Georgia, Partnership, Acquisition, University, Ford, Insurance, Chemistry, Johnson & Johnson, Political science, Property management

NAPLES, Fla., April 8, 2024 /PRNewswire-PRWeb/ -- Engel & Völkers Florida today announced its latest franchise expansion into the vibrant market of Trinity, an affluent community in Pasco County. This strategic move comes as a result of the recent acquisition of license rights by distinguished entrepreneurs Tom Phanco and Clarence J. Butt. Their dynamic leadership extends beyond the real estate sector, as they integrate this residential arm seamlessly into their existing CTV Capital business—a multifaceted organization encompassing construction, commercial real estate, development, insurance, investment, mortgage, and property management. Engel & Völkers Trinity will initially operate from their temporary office at 18331 US-41 Suite 13 in Lutz, Florida inside the "Cowork of Lutz" building while their permanent office building is being built at 3047 Alachua Way in New Port Richey, Florida. A grand opening event is slated for the fourth quarter of 2024, upon completion of the shop build out.

Key Points: 
  • NAPLES, Fla., April 8, 2024 /PRNewswire-PRWeb/ -- Engel & Völkers Florida today announced its latest franchise expansion into the vibrant market of Trinity, an affluent community in Pasco County.
  • Engel & Völkers Trinity will initially operate from their temporary office at 18331 US-41 Suite 13 in Lutz, Florida inside the "Cowork of Lutz" building while their permanent office building is being built at 3047 Alachua Way in New Port Richey, Florida.
  • "Engel & Völkers emerged as the standout choice among competitors, and we are excited about forging a collaborative, enduring relationship.
  • "We are delighted to extend a warm welcome to Tom and CJ as franchise owners," said Peter Giese, CEO of Engel & Völkers Florida.

USPS Honors Betty Ford

Retrieved on: 
Friday, April 5, 2024
Women's rights, Carnegie Hall, Equal Rights Amendment, Mastectomy, Newsroom, United, USPS, Republican Party, Disease, Betty Ford, Representative, Post, History, Female, Sale, Ford, Humour, Life, House, Collection, Betty Ford Center, Woman, Neck, News, Watergate scandal, Post office, White House Historical Association, Supreme court, Louisiana House of Representatives, The Postal Service, Breast cancer, Family, Hazelden Betty Ford Foundation, McReynolds, Divorce, Mail

RANCHO MIRAGE, Calif., April 5, 2024 /PRNewswire/ -- Today, the Postal Service issued a commemorative stamp celebrating the life of former First Lady Betty Ford on the campus of Eisenhower Health, adjacent to the Betty Ford Center in Rancho Mirage, CA. She was the wife of Gerald R. Ford, the 38th president, and widely admired for her support of women's rights and her candor about the serious health challenges she faced.

Key Points: 
  • RANCHO MIRAGE, Calif., April 5, 2024 /PRNewswire/ -- Today, the Postal Service issued a commemorative stamp celebrating the life of former First Lady Betty Ford on the campus of Eisenhower Health, adjacent to the Betty Ford Center in Rancho Mirage, CA.
  • Also attending were Susan Ford Bales, Betty Ford's daughter; Marty Massiello, CEO of Eisenhower Health; Dr. Joseph Lee, president and CEO of the Hazelden Betty Ford Foundation; and Tessa Voss, also of the foundation.
  • Betty Ford did that for both breast cancer and addiction — replacing shame and isolation with dignity, community and equitable care," Lee said.
  • In 1982, Ford and Leonard Firestone, a former ambassador and family friend, established the Betty Ford Center substance use disorder treatment center, which is now part of the nonprofit Hazelden Betty Ford Foundation.

CarGurus Study Reveals Shifting Consumer Preferences as Automotive Landscape Evolves and Costs Remain Elevated

Retrieved on: 
Monday, March 25, 2024
Steps, EV, EVS, Electric vehicle, Data, Ford, Toyota, Marketing, Behavior, BMW, Generation Z, GfK, Gen, Car, Online shopping

For a complete picture of the buy/sell journey, the survey also considered sentiment after the transaction.

Key Points: 
  • For a complete picture of the buy/sell journey, the survey also considered sentiment after the transaction.
  • Vehicle reliability and costs were more important to consumers compared to prior years.
  • However, purchase rates among respondents remain low, with 8% reporting an EV purchase (up from 5% a year prior).
  • The study included a survey of 3,185 past-four-month auto purchasers/sellers of new or used automobiles: n=3,012 opt-in sample and n=173 CarGurus CRM sample.

Corvette E-Ray with Carbon Revolution Wheels Wins The Drive’s Best Performance Car of 2023 Award

Retrieved on: 
Wednesday, March 20, 2024
Carbon, EV, Original equipment manufacturer, Z06, Drive, Z07, Corvette Z06, Corporate average fuel economy, Ford, Ferrari, Price action trading, OEM, C8, CAFE, The Drive, ZR1, Jaguar Land Rover, Dowsing, NHTSA, General Motors

The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution’s class-leading carbon fiber wheels.

Key Points: 
  • The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution’s class-leading carbon fiber wheels.
  • “The General Motors Corvette Z06 and ZR1 have been some of Carbon Revolution’s most successful high-volume programs.
  • We expect that given the recent performance awards for the E-Ray, this program will continue the trend of success,” said Jake Dingle, CEO of Carbon Revolution.
  • The E-Ray’s optional five-spoke carbon fiber wheels, made by Carbon Revolution, cut 41 pounds from the Corvette’s unsprung, rotational curb weight compared with the forged aluminum option.