Automotive News

Hyundai Motor Group Executive Chair Euisun Chung Named 'Industry Leader' in 2023 Automotive News All-Stars Awards

Retrieved on: 
Monday, November 27, 2023

SEOUL, South Korea, Nov. 27, 2023 /PRNewswire/ -- Hyundai Motor Group (the Group) Executive Chair Euisun Chung was announced today as the winner of the Industry Leader category in 2023 Automotive News All-Stars awards.

Key Points: 
  • SEOUL, South Korea, Nov. 27, 2023 /PRNewswire/ -- Hyundai Motor Group (the Group) Executive Chair Euisun Chung was announced today as the winner of the Industry Leader category in 2023 Automotive News All-Stars awards.
  • Automotive News All-Stars honors visionary figures in the mobility industry who have demonstrated an exceptional contribution to progress and shaping change, with Executive Chair Chung voted this year's recipient of the Industry Leader title.
  • "I'd like to thank the Automotive News team for this special award – it is an honor to be named the 2023 All-Stars Industry Leader," said Executive Chair Euisun Chung.
  • "Hyundai Motor Group has blossomed into an industry innovator," Automotive News said.

Reviver Expands Relationship with AutoNation, Significantly Extending Availability of RPLATE Digital License Plate

Retrieved on: 
Wednesday, November 15, 2023

This expanded distribution of the Reviver RPLATE complements existing availability through AutoNation dealerships in California.

Key Points: 
  • This expanded distribution of the Reviver RPLATE complements existing availability through AutoNation dealerships in California.
  • Under this relationship, AutoNation dealerships offer the RPLATE at in-store merchandise and accessories departments in these two key states.
  • "The combined reach of AutoNation and Lithia Motors offers significant opportunities for consumers and fleets to experience the many benefits of digital license plate technology," said Reviver Founder & Chief Strategy Officer Neville Boston.
  • For more information about Reviver and its digital license plate technology, please visit reviver.com .

Reviver Marks Addition of Lithia Motors Dealerships to Rapidly Growing Licensed Auto Dealer Reseller Network

Retrieved on: 
Wednesday, November 8, 2023

The group has joined the Reviver Auto Dealer Reseller program to offer RPLATE digital license plates to customers at locations in California and Michigan, as part of the vehicle purchasing process and at in-store merchandise and accessories departments at Lithia dealerships.

Key Points: 
  • The group has joined the Reviver Auto Dealer Reseller program to offer RPLATE digital license plates to customers at locations in California and Michigan, as part of the vehicle purchasing process and at in-store merchandise and accessories departments at Lithia dealerships.
  • "We are thrilled with the mutual growth and benefits we are seeing with our auto dealer partners.
  • And welcoming Lithia Motors represents a significant enhancement to the program," said Reviver Founder & Chief Strategy Officer Neville Boston.
  • For more information on the Reviver licensed Auto Dealer Reseller program, visit: https://reviver.com/dealer .

Two Kunes Auto Group Stores Honored as 2023 'Best Dealerships to Work For'

Retrieved on: 
Thursday, November 2, 2023

DELAVAN, Wisc., Nov. 2, 2023 /PRNewswire/ -- Kunes Auto & RV Group, with more than 44 auto and RV dealerships spanning the Midwest, is once again recognized with the Automotive News award for 'Best Dealership to Work for' at two locations: Kunes Chrysler Dodge Jeep Ram of Oregon and Kunes Chrysler Dodge Jeep Ram of Monmouth. Only 100 dealerships across the U.S. and Canada are named each year and Kunes has made the list for ten years in a row, earning 44 awards total.

Key Points: 
  • Only 100 dealerships across the U.S. and Canada are named each year and Kunes has made the list for ten years in a row, earning 44 awards total.
  • "Kunes' employees are like family and our employees' families are an extension of ours," said Scott Kunes, Chief Operating Officer for Kunes Auto & RV Group.
  • This is the 12th time Automotive News has honored dealerships for creating positive workplaces with high employee satisfaction.
  • For more information Kunes Auto Group and to find your location dealership, visit the website .

PENSKE AUTOMOTIVE GROUP DEALERSHIPS NAMED BEST TO WORK FOR

Retrieved on: 
Thursday, November 2, 2023

BLOOMFIELD HILLS, Mich., Nov. 2, 2023 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that forty-four (44) of its dealerships have been recognized as part of the Top 100 Best Dealerships to Work For 2023 by Automotive News, more than any other dealership group.

Key Points: 
  • BLOOMFIELD HILLS, Mich., Nov. 2, 2023 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that forty-four (44) of its dealerships have been recognized as part of the Top 100 Best Dealerships to Work For 2023 by Automotive News, more than any other dealership group.
  • Penske Automotive Group claimed nine (9) of the top ten (10) spots and thirteen (13) of the top twenty (20) spots nationally in this year's rankings.
  • PAG dealerships were also recognized for their commitment to promoting diverse and inclusive workplaces, receiving accolades for being among the best in the following categories: Best Dealerships for Female Employees; Best Dealerships for Millennial Employees; Best Dealerships for Diversity, Equity and Inclusion; Best Dealerships for Hispanic/Latino Employees; Best Dealerships for Family Friendliness and Best Dealerships for Health.
  • Commenting on the rankings, Penske Automotive Group Chair and CEO Roger Penske said, "Human Capital is the most important asset in our company.

Blue Bird Appoints Julie Fream to Board of Directors

Retrieved on: 
Monday, October 23, 2023

Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today announced that Julie A. Fream has joined the company’s Board of Directors.

Key Points: 
  • Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today announced that Julie A. Fream has joined the company’s Board of Directors.
  • Fream succeeds Adam Gray, managing partner of Coliseum Capital Management LLC, who has decided to step down from the Board following Coliseum’s sale of its Blue Bird holdings through a secondary offering.
  • View the full release here: https://www.businesswire.com/news/home/20231023606401/en/
    Blue Bird Corporation appointed Julie A. Fream, a veteran automotive executive, to its Board of Directors.
  • Fream is the founding chair of the Board of Directors for Corewell Health, a $14 billion healthcare system formed in 2022.

Car Pros Automotive Group's Matthew Phillips is Recognized as an Automotive News Notable Champion of Diversity in Automotive

Retrieved on: 
Tuesday, October 17, 2023

RENTON, Wash., Oct. 17, 2023 /PRNewswire-PRWeb/ -- Matthew Phillips, CEO of Car Pros Automotive Group, has been named a 2023 Automotive News Notable Champion of Diversity. Phillips is featured in a special section in the October 9 issue of Automotive News. The Notable Champions of Diversity in Automotive program recognizes individuals that champion diversity, equity and inclusion in the automotive industry. Phillips was one of only two dealership executives recognized this year.

Key Points: 
  • Program recognizes individuals that champion diversity, equity and inclusion in the automotive industry
    RENTON, Wash., Oct. 17, 2023 /PRNewswire-PRWeb/ -- Matthew Phillips, CEO of Car Pros Automotive Group, has been named a 2023 Automotive News Notable Champion of Diversity.
  • The Notable Champions of Diversity in Automotive program recognizes individuals that champion diversity, equity and inclusion in the automotive industry.
  • We are proud that our CEO, Matthew Phillips, has been recognized by Automotive News as a Champion of Diversity.
  • "We are proud that our CEO, Matthew Phillips, has been recognized by Automotive News as a Champion of Diversity, he is so deserving of the honor.

ZeroSum Market First Report September 2023: New Car Inventory Has Reached a New Two-Year High; Used Vehicles Average Price Below $30,000 for the First Time in Two Years

Retrieved on: 
Wednesday, September 27, 2023

ZeroSum can now report that the average new car price is $51,438, a decrease of -1.17% from August EOM.

Key Points: 
  • ZeroSum can now report that the average new car price is $51,438, a decrease of -1.17% from August EOM.
  • However, used car inventory would have to drop significantly before reaching the 2-year low on inventory from January 2023 (which was 1,510,076.)
  • Along with the slow drop of inventory, used car prices have also continued to decrease for the fourth straight month.
  • September's average EOM used vehicle price is predicted to be $29,471, a difference of -2.31% from August's average price ($30,168.)

Getzler Henrich & Associates' Kevin Krakora Featured as Automotive Industry Turnaround Expert in Automotive News

Retrieved on: 
Tuesday, September 26, 2023

Key Points: 
  • https://www.autonews.com/sponsored/insights-automotive-turnaround-expert
    In addressing how Tier 1 and Tier 2 suppliers are performing in today's market, Mr. Krakora said, "Most suppliers are 'hanging in there.'
  • The top-performing companies have operational costs under control and are doing their best to anticipate and react to the more uncontrollable aspects of their businesses.
  • As head of Getzler Henrich's Automotive Practice Automotive, Kevin Krakora advises boards of directors and executive management teams regarding strategic alternatives and performance improvement plans.
  • As the 2019 Global Chair of the Turnaround Management Association®, Kevin Krakora, CTP, will be among the past TMA Chairs being recognized at the 2023 TMA Annual Conference in San Francisco, October 3 – 5, 2023.

360ofme gains momentum by securing funding and recruiting industry leaders to build ethical data exchange

Retrieved on: 
Monday, September 25, 2023

DETROIT, Sept. 25, 2023 /PRNewswire/ -- 360ofme, the ethical data exchange platform, raised seed funding from three Michigan-based investment firms while growing their team with two new executives, Kara Grasso as Head of Strategy and Revenue and Philippe Le Berre as Chief Technology Officer. The new investment will increase the speed of product development, hiring, and facilitate the commercial launch of their product. The emphasis seen today on privacy and data management, as evident from both a regulatory and consumer mindset perspective, presents fortuitous timing for 360ofme's launch to empower businesses in championing ethical data use.

Key Points: 
  • The emphasis seen today on privacy and data management, as evident from both a regulatory and consumer mindset perspective, presents fortuitous timing for 360ofme's launch to empower businesses in championing ethical data use .
  • On September 11, 2023, Delaware signed into law the new Delaware Personal Data Privacy Act, joining 11 other states with comprehensive consumer data privacy legislation.
  • Coupled with the burgeoning regulatory environment around data privacy, consumers' level of trust in corporate handling of personal data is at an all-time low.
  • 360ofme enables secure data sharing, learning, and monetization by overseeing data collection, consent management, and compliance.