Tag: hands

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Audi, VW, Stellantis, GM, Hyundai dealerships change hands

Audi, VW, Stellantis, GM, Hyundai dealerships change hands

Nimey family acquires new-car or truck dealership in New York

Lee Buick-GMC Vans grew to become Matt Nimey Buick-GMC on Sept. 19, with the Nimey relatives getting the Boonville, N.Y., dealership from the Lee family members.

This is the Nimey family’s initially new-auto dealership, owner Matt Nimey mentioned. The family’s automotive ties commenced in 1964 with a Utica, N.Y., employed-car or truck dealership that Matt started to run along with his moms and dads in 1999. Boonville is north of Utica.

The new-automobile retail store is a next move in the Nimeys’ growth programs, Matt said, adding he had previously bought a car from the Lee spouse and children and was acquainted with the dealership. Most staff remained next the ownership transition.

“We are going to try out to fantastic what we have and carry on to mature and scale,” he advised Automotive News. “And with the staff that we have at present, I do not see any boundaries.”

The Nimeys will give an expanded employed-automobile selection at the Buick-GMC retail store.

The loved ones also wants to continue to keep the hometown, household-business sense at the new dealership, stated Cindy Nimey, Matt’s mom. The two operate both dealerships together.

“We’re not a big conglomerate coming in and getting about and transforming points and building it a lot more [of] a corporate entire world,” Cindy claimed. “We like dealing with our personnel like spouse and children, and we want to retain that truly feel below.”

The Buick-GMC dealership’s previous possession also has prolonged-standing relatives ties. The Lee family joined the Boonville automotive retail landscape in 1953.

“Matt and Cindy are all about spouse and children, and we know they’re going to take care of our workforce and our prospects with the exact treatment we usually have,” Randy Lee, previous vice president at Lee Buick-GMC Vans, explained in a statement. “They have the similar values we do.”

Timbrook Automotive provides initial Hyundai dealership

Timbrook Automotive on Sept. 30 acquired Hamilton Hyundai in Chambersburg, Pa., marking the group’s initial Hyundai dealership, claimed Dave Ainsworth, companion and Pennsylvania platform manager at Timbrook.

The Cumberland, Md., group desired to perform with the Hyundai brand simply because it has handled stock scarcity issues properly and has successfully introduced quite a few electric powered motor vehicles, Ainsworth mentioned.

The dealership was renamed Chambersburg Hyundai and is Timbrook Automotive’s 3rd Pennsylvania dealership. Chambersburg is in south-central Pennsylvania.

The group operates 12 new-car or truck dealerships, with spots also in Maryland, Virginia and West Virginia. It also sells Kia, Ford, Chevrolet, Buick, GMC, Chrysler, Dodge, Jeep, Ram, Honda and Nissan motor vehicles. And it has two powersports shops.

The sellers, Rick Hamilton and Ken Shreve, share a lot of of the identical missions and values as Timbrook, Ainsworth stated.

The retail outlet “had a good core foundation, and we will construct upon it and increase,” Ainsworth mentioned.

Timbrook Automotive, headed by President Fred Timbrook, also plans next year to start a revamp and expansion of the dealership below Hyundai’s facility impression plan, Ainsworth said. The enhancements will involve EV infrastructure and a new showroom.

In May possibly 2021, Fred Timbrook, Ainsworth and Lee Wilson of Timbrook Automotive purchased Hazleton Honda in Hazle Township, Pa., from Lithia Motors Inc.

Rob Lee, director of the Northeast region for invest in-market business Tim Lamb Group in Columbus, Ohio, represented the vendor in the Hyundai dealership transaction.

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Bob Brockman’s competency to stand trial for tax fraud now in judge’s hands

Medical experts retained by prosecutors and defense lawyers generally agreed that Brockman likely has Parkinson’s disease. But the experts diverged on whether Brockman’s cognitive abilities are mildly impaired or have progressed to dementia.

Three prosecution experts testified that Brockman is exaggerating his symptoms, and two of them have said they believe he is competent to stand trial. Experts retained by Brockman’s lawyers, however, said they believe his impairment extends to his memory, mental processing speed, problem-solving and judgment skills and that he would struggle to understand the complex nature of the case.

A Department of Justice spokeswoman said the department generally does not comment on pending matters. Brockman’s lawyers did not respond to messages seeking comment.

Brockman, 80, was indicted in October 2020 on 39 counts, including tax evasion, wire fraud, money laundering and evidence tampering. He has pleaded not guilty and stepped down from his role as chairman and CEO of dealership management system giant Reynolds in November 2020.

Prosecutors pointed to Brockman’s continuation at the helm of Reynolds — and his seemingly strong performance during two civil depositions in 2019 answering technical business questions and recalling past events — as incongruent with a time period in which his symptoms of cognitive impairment were reported to have appeared. They contend Brockman had both the motivation and the capacity to malinger, or feign symptoms, to avoid prosecution.

Current Reynolds CEO Tommy Barras, who testified that Brockman chose him to be his successor, and former Reynolds CFO Craig Moss testified during the hearing that Brockman remained involved in important company decisions and they had no reason to doubt his cognitive abilities.

Dr. Christopher Whitlow of Wake Forest School of Medicine, a neuroradiologist retained by the defense, testified that images of Brockman’s brain, including MRI and PET scans, show a pattern that raises concerns about dementia. Whitlow testified that brain scans also show Brockman has lost brain volume, raising concerns about potential loss of cognitive function.

A second defense medical expert, Dr. Thomas Guilmette of Providence College in Rhode Island, testified that Brockman’s deposition performance two years ago could not be replicated today and that Brockman likely was able to draw on deep, retained knowledge of the topics at issue even if he was experiencing dementia at the time.