Friendship Ford of Lenoir in North Carolina was sold by Friendship Automotive to CarHeroes, facilitated by Tim Lamb Group. The dealership, now renamed CarHeroes Ford, represents CarHeroes' first franchised location as they expand from used car sales into new vehicle franchises. The transaction closed on April 29, 2026, with plans for renovations and employee retention. This sale allows Friendship Automotive to rebalance its portfolio and reinvest in other markets.
Ford reported a 10.3% decline in US vehicle sales for Q2 2026, selling 549,200 units compared to 612,095 a year earlier. The drop was driven by a 40.7% fall in electric vehicle sales and an 11% decline in F-Series pickup sales due to supply constrain...
Ford Motor reported a 10.3% decline in U.S. new vehicle sales for the second quarter, selling 549,200 vehicles compared to 612,095 a year earlier. The automaker faced a 40.7% drop in pure electric vehicle sales and an 11% decline in F-Series truck sa...
Ford CEO Jim Farley called for a more balanced USMCA trade deal that rewards automakers producing mostly in the U.S. and penalizes those relying heavily on imports. Ford assembled over 2 million vehicles domestically in 2025, more than any other auto...
Honda has begun producing batteries for energy storage systems after canceling its U.S. EV programs due to weak demand and the end of tax credits. The batteries, initially meant for electric vehicles, will now serve data centers and grid storage, tap...
The US automotive industry is entering a phase of uncertainty as the USMCA trade agreement between the US, Mexico, and Canada is unlikely to be extended by the deadline, triggering a review process or possible expiration by 2036. The deal, which gove...
