Dealerships

Texas dealership giving GM, FCA stock as bonus with new vehicle purchase

One Fort Worth, Texas dealership is offering a different type of incentive for buyers.

Photo courtesy of FCA US LLC

It's not unusual to get a complimentary gift card for test driving a new vehicle. The team over at Frank Kent Motor Co. in Texas had a different idea on how to lure buyers - complimentary stock options.

During the month of April, the Fort Worth dealership is offering Drive a Piece of America, Own a Piece of America, where buyers will be gifted 10 shares of General Motors stock with the purchase of any new GM vehicle or 30 shares of FCA stock with the purchase of a new Chrysler, Dodge, Jeep or Ram.

"We're thrilled to be able to share this gift. Our customers, employees and community are our most valuable assets and we will always invest in them. We stand behind Americans and believe in the strength of the FCA and General Motors brands. As our economy rebounds, we are hopeful that the value of the stocks will increase for the recipients," said Corrie Watson, President of Frank Kent Motor Co.

Fiat Chrysler Automobiles N.V. (FCAU) opened the day at $6.71 per share on the NASDAQ exchange. General Motors Company (GM) started the day higher at $18.04 per share.

Vehicle sales plummeted in March with many automakers posting declines of over 50-percent from March 2019's numbers. Additionally, many showrooms are closed. However, many dealerships are able to complete no-touch handoffs and service facilities are still operating as essential services in most states.

Frank Kent Motor Co. has developed into one of the largest Cadillac dealerships in the Southwest, has been awarded the General Motors Dealer of the Year, and is recognized in the Cadillac Master Dealer Hall of Fame. Their dealership portfolio has grown to include Cadillac, Chevrolet, Buick, GMC, Chrysler, Dodge, Jeep, and RAM.

In addition to the dealership, Watson and co-owner Will Churchill own and operate Fort Brewery, Cadillac Wines, and Grease Money Rubs, a seasoning line. They also founded Dream Park Fort Worth, an inclusive playground for children of all abilities.

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The Wildcat is a new electric concept from Buick.

Buick

Buick, the automaker whose lineup consists entirely of middle-of-the-road SUVs, has just come out with something unexpected. Today, the storied American automaker announced a new EV concept that revives a historic name from its catalog. The Wildcat was introduced in the early 1950s and has just returned on a sharp, futuristic EV.

Buick Wildcat ConceptThe car will help Buick test and validate new tech like artificial intelligence. Buick

The concept’s interior features a classic 2+2 seating configuration, with two front and two rear seats. An extended center console stretches through both rows of seating, and the cockpit-style seats feature cantilevered headrests. Buick says it focused heavily on color and the level of comfort it conveys. Green accents highlight many parts of the interior, and orange contrasts can be found throughout, including on the seatbelts.

The Wildcat features a large curved display that integrates the gauge cluster and infotainment unit into one panel. The air vents and all physical controls are hidden in an interesting and elaborate dash, and Buick says the car is designed to be a platform for future technologies like artificial intelligence, biometrics, and aromatherapy.

Buick Wildcat ConceptThe Wildcat's interior is futuristic and almost completely devoid of buttons.Buick

Buick will become an all-electric brand in the future, and though the Wildcat is just a concept, we’re likely to see many of its features make their way into production models. We don’t have any details on whether or not a version of the car will make it into production, though if it does, it’s unlikely to wear the Wildcat name, as of the automaker’s other models feature sedate names.

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New electric SUV

Honda teases its first EV

The Prologue will go on sale as a 2024 model.

Honda

Honda is nearing the unveiling of its first electric vehicle, the Prologue, and today the automaker gave us our first glimps of the new vehicle. It's just a sketch, but Honda did share some production details and information on its product roadmap.

Honda DealerHonda plans to sell half a million EVs by the end of the decade. Honda

Honda says the Prologue will be an adventure-ready SUV "capable of satisfying everyday driving and weekend getaways with a strong hint of the well-received Honda e in the front fascia." The SUV was developed in Honda's Design Studio in Los Angeles, and was designed with an eye on Honda's global EV models. Honda said it focused on aerodynamics and fine-tuning the body to reducelines and improve range.

The Japanese automaker developed the Prologue alongside GM, but it has other EVs coming to market by 2026. By 2030, Honda says it will release 30 new EVs globally with a production volume of two million units. The co-developed vehicle is the first, but the rest will be built on Honda e:Architecture. In 2027, the automaker will begin building and selling a line of affordable EVs using the architecture developed with General Motors. Honda says it plans to sell half a million EVs in North America by the end of hte decade.

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