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 has announced a recall of 255,404 Ford Focus vehicles from model years 2012 to 2018 due to a potential engine stall issue caused by a malfunctioning canister purge valve (CPV). The problem stems from a prior recall where the correct software fix...
Ford is recalling over 548,000 Ford Expedition vehicles from model years 2018 to 2024 due to a center console defect where chrome plating may bubble and peel, creating sharp edges that can injure occupants. The defect, linked to parts suppliers Xin P...
Tesla's market cap nears $1.5 trillion, making it the 9th most valuable company globally and far surpassing traditional automakers like Toyota and Ford. Despite this, Tesla's EV sales growth is modest and lagging behind some competitors, with only a ...
Ford has shifted away from costly electric vehicle plans to launch Ford Energy, producing lithium-ion phosphate batteries for large-scale energy storage, partnering with China's CATL. This move has increased Ford's stock by over 20% recently. However...
Bank of America and Ford both show bullish technical signs, but Bank of America is a stronger choice for retirement portfolios due to its reliable dividend growth, substantial buyback program, and lower risk profile. Ford offers a higher yield but co...
