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F&I drives profit for public retailers in Q3

Finance-and-insurance profits surged in the third quarter for all six publicly traded retailers as consumer demand and short supply pushed up pricing on new- and used-vehicle sales. In a record-setting quarter amid the coronavirus pandemic, all six retailers raised same-store F&I profits by more than $ 100. Several public groups …

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VW Wants to Turn a Greek Island into an Electric-Car Utopia

Volkswagen and Greece have agreed to replace internal-combustion-powered vehicles with EVs on the island of Astypalea to create a “smart green island.” In addition to EVs, the island will also have electric scooters and bikes and a charging infrastructure installed. The project is expected to last six years and will …

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