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03/03/2025Automotive Deals

Land Rover May Reconsider Defender Pickup Truck

The Land Rover Defender has been a massive success for Land Rover since its reintroduction in the 2020 model year. The British luxury brand may be looking to capitalize on the Defender’s success by offering it as a pickup truck in addition to a two and four-door SUV. No official announcements have been made, but here’s what we know so far.

According to Motor1, a Defender pickup would have a long way to go to become a reality, but the idea is out there. Stuart Frith, the Defender’s chief designer, stated that a Defender truck would be “something [he] would

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27/06/2023Automotive Deals

VW’s PowerCo, Stellantis, Glencore back $1B mine deal in Brazil

VW’s PowerCo, Stellantis, Glencore back B mine deal in Brazil

LONDON — Global miners Glencore, Stellantis and Volkswagen Group’s battery unit PowerCo have agreed to back a $1 billion deal by blank-check fund ACG Acquisition Company to buy two mines in Brazil, ACG said.

The deal comes as a mining M&A spread picks up, spurred in part by investors betting on the rising demand for metals needed for the global green energy transition in coming years.

ACG, a London-listed special purpose acquisition company (SPAC), will buy the Santa Rita nickel sulfide and Serrote copper mines from private equity funds advised by Appian Capital, which has hired Standard Chartered and Citigroup

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06/06/2023Automotive Deals

George C. Chaconas of Performance Brokerage Services Advises Dimmit Automotive Group on the Acquisition of Cycle Springs Powersports in Clearwater, Florida

When you are considering buying or selling a powersports or automotive dealership, I would most highly recommend George Chaconas of Performance Brokerage Services.

IRVINE, Calif. (PRWEB)
June 06, 2023

Performance Brokerage Services, North America’s highest volume dealership brokerage firm, advises on the acquisition of Cycle Springs Powersports in Clearwater, Florida to Dimmit Automotive Group.

Cycle Springs Powersports has been servicing the Tampa Bay area for over 30 years and is the world’s largest Yamaha dealership. Owners Noel Hughes and Marty Skapik started off in the industry doing business out of a garage off the Dunedin Causeway in

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30/04/2023Automotive Deals

US House committee chair ‘concerned’ by Tesla deals in China | Automotive Industry News

The leader of a United States congressional committee on China has expressed concern about electric carmaker Tesla’s dependency on China, a day after the company revealed plans to open a Megapack battery factory in Shanghai.

Tesla announced the factory in a tweet on Sunday, and Chinese state media said it would initially produce 10,000 Megapack units a year, equal to around 40-gigawatt hours of energy storage, and complement a huge existing Shanghai plant making electric vehicles.

Mike Gallagher, the Republican chair of the House of Representatives’ select committee on China’s Communist Party, said on Monday he would like to know

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