Sonic Automotive Group has purchased 13.22 acres in Brentwood's Mallory Park with plans to build a new BMW dealership.
The dealership would join Sonic Automotive's other Mallory Park properties — a Porsche dealership and an Audi dealership, which opened in August and January, respectively. The new BMW dealership will be in addition to Sonic Automotive's current location on Armory Oaks Drive in Berry Hill. According to a press release, the 13 acres accounts for all remaining Highway 65 frontage in phase II of Mallory Park.
"Sonic Automotive Group's continued investment in this project represents the strength of the company's commitment to this area," said Wood Caldwell, principal for Southeast Venture, which is representing the landowner, Dickson-based Tennsco.
Charlotte, N.C.-based Sonic Automotive operates more than 100 dealerships in 15 states, including the Mercedes-Benz dealership in Cool Springs.
MTSU has announced a partnership with two Turkish universities to help bring technology — a retrofitted rear-wheel motor that could reduce automotive fuel consumption by half — to the market. The joint effort with Meliksah University and Firat University comes two years after MTSU President Sidney McPhee signed a memorandum of understanding for academic and cultural exchange with Meliksah.
MTSU officials believe the partnership will facilitate the development of Perry’s motor into a working invention that is ready to be licensed to automotive manufacturers throughout the world. As a part of the agreement, Meliksah University will obtain an industrial partner for the project, allowing the university to obtain a research grant through the Turkish government’s equivalent of the National Science Foundation.
“Turkey has the second highest petroleum cost in the world,” said Paul Martin, whose business contacts in Turkey paved the way for McPhee’s initial agreement with Meliksah. “The government there is willing to invest in fuel conservation technology.”
Jon Brancheau, the vice president of marketing communications and media for Nissan North America, has told his bosses he is leaving the company just five months after his job title was broadened. Brancheau, who came to Franklin-based Nissan from General Motors in mid-2008, says the decision to depart is his and spokesman Dave Reuter tells Automotive News the company "tried to talk him into staying."
The backers of the autoXLR8R automotive technology boot camp have partnered with the Clemson University International Center for Automotive Research to flesh out the program's offerings. Clemson officials will put together the curriculum for two weeks of the 13-week autoXLR8R summer program and host the companies being developed.
“Our experience with autoXLR8R last year left us wanting to be involved even more in 2014,” said Suzanne Dickerson, CU-ICAR’s Director of International Business Development. “The partnership will benefit both organizations, and we look forward to putting our stamp on the accelerator for two full weeks. I am confident that CU-ICAR will provide some unique insight and training for everyone involved in this year’s autoXLR8R.”
The tighter relationship builds on a tech tour visit autoXLR8R participants took last summer. Check out the parties' release here and the incubator's website here. This year's cohort of companies will be unveiled shortly and start next month.
Nissan executives have rolled out a new dealer sales incentives program that gives local sellers more latitude in how they plan their year and time promotions. Nissan's North American leader José Muñoz says the strategy has been in the works for nine months.
Nissan's U.S. dealer profits also are improving, Munoz says. In February, the most recent figures Munoz can cite, dealer profits rose more than 40 percent, year over year. For the 11 months through February, dealer profits were up 25 percent, he says. And the percentage of all dealers operating profitably has increased 5 percentage points.
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