Lithia Motors Buys Three Dealerships From Elder Automotive In Florida And Michigan
With chip supplies nonetheless scarce, the trade will doubtless proceed to face manufacturing issues by way of the the rest of the 12 months. And that, in turn, is compounding issues faced not only by automakers but auto sellers and auto buyers alike. According to Morningstar analyst David Whiston, each 100,000 models in gross sales lost “costs Ford about $4.7 billion of revenue .” This July 2021 image of a Richmond, California, Ford dealership illustrates the dearth of inventory. Justin Sullivan/Getty ImagesThe sprawling Nissan assembly plant in Smyrna, Tennessee, is up and running right now after a three-week shutdown. Still, the Labor Day vacation will stretch for two further weeks at General Motors’ North American meeting crops, idled by the semiconductor shortage.
- Ann Marie Uetz is a associate and trial attorney with Foley & Lardner LLP, where she represents purchasers in a variety of industries in all aspects of their