Group 1’s $1.25 Billion Bond Sale Is a Down Payment on Atlanta Luxury Dealerships
Car dealers usually talk about financing in terms of monthly payments and “what would it...
Luxury
Volkswagen Just Wrote Off €6 Billion of Porsche. The 911 Is the Only Porsche Still Growing.
Volkswagen's roughly €6 billion Porsche write-down isn't a verdict on the 911. It's the bill for a China, SUV and…
A $245 Million Crypto Thief Bought 28 Supercars, and Car Dealer Money-Laundering Rules Never Applied
Malone Lam pleaded guilty to stealing $245 million in crypto and spent it on at least 28 exotic cars titled…
Porsche Blamed Your Charging Habits for Killing the Taycan’s Battery. Ten Months Later, It Blamed a Supplier Instead.
A judge refused to send the Taycan battery case to arbitration. The more revealing record is Porsche’s own recall filings,…
Hand a Dealer Your Supercar and the Law Lets Him Sell It, Even If That’s a Crime
A New York owner nearly lost a Lamborghini and $200,000 in a dealer upgrade scheme. The rule that almost cost…
Cadillac Just Killed Its Two Cheapest Vehicles in the Same Year. Welcome to $49,200 and Up.
Everyone reading about the layoffs at Lansing Grand River is asking what happens to the...
How a Charlotte Crew Stole 100 Luxury Cars Using Nothing but Key Fobs
Five people are now serving federal time for a car theft operation that ran from...
Mercedes-AMG’s Legendary Four-Cylinder Is Dead. What’s Left Is a Speaker Playing Its Ghost
For twelve years, the “45” on the back of a Mercedes meant something specific: a...
Inside the 63-Person Ring That Shipped Stolen Luxury Cars From New Jersey to West Africa
New Jersey prosecutors just rolled up one of the more organized car-theft operations the state...
A McLaren, a Bentley, and 12 Other Cars Seized in an Alleged $30 Million Kids’ Healthcare Scam
Fourteen Cars, One Ugly Allegation A McLaren. A Bentley. Six different Mercedes-Benz models. Fourteen luxury...
The Wire Rundown: Corvette Heist, Honda Recall, and Porsche Kills the Electric 911
The Auto Wire’s morning roundup of the stories actually worth your time, recapped fast, with...
A McLaren and a Bentley Were Seized in a $30 Million Kids’ Medicaid Fraud Case
Federal prosecutors say four people in Ohio turned a children’s health program into a personal...
Feds Say a Maserati, a Bentley, and a McLaren Were Bought With Stolen Children’s Health Funds
Federal prosecutors say a glittering fleet of high-end automobiles, a Maserati, a Mercedes, a Bentley,...
The $9.4M Amazon Fraud Garage: A Lamborghini, a Porsche, and a Tesla Bought With Stolen Money
A Lamborghini Urus, a Porsche Panamera, a Tesla Model X, a Dodge Durango, and even...
Inside the Alleged $3.8M Title-Washing Scheme That Moved 65 Stolen Exotic Cars
What looked like routine vehicle paperwork turned into a nearly $4 million criminal operation involving...