Fifth Third Bancorp will acquire Comerica Inc. in an all-stock transaction valued at $10.9 billion, creating the nation’s ninth-largest bank with approximately $288 billion in assets. +
Ken Ganley Automotive has acquired Lexus of Cleveland and Lexus of Akron-Canton from Ascent Automotive, adding its first Lexus franchises within miles of its Northeast Ohio headquarters. +
Tesla is allowed to sell its EVs directly to consumers in Ohio, but its competitor, Rivian, is not. The latter is suing to end the state's ban on DTC sales and its rival’s carveout. +
An Ohio woman whose vehicle was repossessed by Taylor Kia of Lima following a conditional delivery is suing the dealership after successfully claiming its business name. +
Coughlin Automotive has acquired Bob Chapman Ford of Marysville, Ohio, from fourth-generation owner Joe Chapman, adding the state’s first Ford dealership to its growing network. +
Ohio Attorney General Dave Yost has filed sued against the operators of six dealerships, all accused of failing to provide titles to customers in violation of the state’s Consumer Sales Practices Act and Certificate of Motor Vehicles Act. +
Former dealer and newly elected U.S. Sen. Bernie Moreno’s Transportation Freedom Act would revise and standardize fuel economy standards and offer tax savings to domestic manufacturers. +
Braden Automotive Group expanded its luxury lineup with the acquisition of a Central Ohio Cadillac GMC dealership. +
Buckeye Dealership Consulting has hired Jim O’Connell as COO and Martin Gutierrez as business development manager, according to Auto Remarketing’s BHPH Report. +
