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Franchise Equity Partners reveals $55M minority stake in Parks Automotive Group

Franchise Equity Partners invested $55 million in Parks Automotive Group, to acquire a minority stake in the group. The announcement comes months after Parks Automotive, with the investment firm, bought two Stellantis stores near Charlotte, N.C.
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NHTSA fails government audit for missing deadlines

In a report released Wednesday by the U.S. Transportation Department's Office of Inspector General, auditors reviewed a sample of investigations conducted in 2018, 2019 and 2021 to determine whether the agency has adequate tools, processes and resources to probe and identify safety defects.
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