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Billionaire investor Ron Baron believes Tesla will be a $2 trillion company following shares of the Silicon Valley automaker surging more than 400% this year. Baron, a longstanding Tesla supporter and shareholder, said Wednesday morning on “Squawk Box” that he believes Tesla’s vehicle sales will grow 50% annually in the coming years. Tesla’s current market
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LMP Automotive Holdings Inc., an emerging public auto retailer and subscription provider, said it agreed to purchase a majority stake in New York’s largest dealership group in a transaction valued at $608 million. The deal, announced late Friday, would advance LMP’s aggressive acquisition goal to grow to as many as 50 franchised new-vehicle stores within
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TOKYO — Infiniti’s new global design chief is putting his own stamp on the look of the lineup, starting with a fresh aura for the QX55 and QX60 crossovers arriving next year. Among the styling changes will be ditching the so-called “crescent cut” kink in the rear pillar. Taisuke Nakamura, who took over as Infiniti
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TOKYO — From his glass-walled office high above central Tokyo, James Kuffner keeps a running computer file of “crazy ideas” for whenever a moment of genius strikes. Toyota’s newest board member and resident robotics wizard gets lots of bolts from the blue. One of his latest: a high-rise rooftop landing pad for flying cars that
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Lucid Motors is a California-based electric vehicle start-up, and in September it revealed the Air, its vision for an electric, luxury sedan. The company promises some impressive specs, such as an estimated 517 miles of range. But starting up an electric vehicle company is notoriously difficult, and it faces steep competition from Tesla and other
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More customers are buying cars using a computer today, but one of a dealership’s most critical tools — if not the most vital — dates back more than a century. The telephone. Some dealers have invested in or expanded the use of products that help shoppers do more of the transaction online — e-commerce platforms,
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Dealers face a number of service department challenges beyond the pandemic, including declining rates of customer retention and satisfaction. But there are solutions out there. Speakers: Eliza Johnson, Director, Carlisle & CompanyScott Doering, Vice President of Customer Service, Volvo Car USANick Latino, COO, Performance Auto GroupDawn Matthews, Service and Parts Director, David Auto GroupScott Thompson,
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Nikola founder Trevor Milton has sued a Utah businessman for defamation, accusing him of a “malicious campaign to harass” and discredit the billionaire by publicly accusing him over Twitter of sexually abusing women, according to the lawsuit filed Monday. David Bateman, the founder and CEO of software company Entrata, started tweeting about Milton in late September, posting
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Jaguar has withdrawn its entry-level XE midsize sedan from the U.S. because of poor sales and a consumer shift  to SUVs, the luxury brand said in a statement. Jaguar sold just 886 XEs in the first half in the key market. The XE was priced from $39,900 in the U.S. Jaguar will continue to sell
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