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.
In July, Tesla's sales in China remained robust with 93,579 units sold locally and 66,330 units exported from its Shanghai plant, despite a 3.9% drop in overall EV sales in the country. This contrasts with a 20.9% decline in total passenger car sales...
Ford Motor Company is adjusting its electric vehicle strategy by reducing investment in battery electric vehicles (BEVs) due to weak market demand. Instead, Ford is emphasizing gas-electric hybrids across its vehicle lineup, building on the success o...
Tesla reported Q2 revenue growth but saw operating income fall due to rising costs in AI and stock compensation, missing EPS expectations. Meanwhile, Ford's Q1 showed steady revenue growth driven by its profitable Ford Pro commercial unit, which rais...
