Dealers

Carbiz goes toe to toe with CarMax

Some dealers shudder when they hear used-car giant CarMax is opening a store down the road. This used-only dealer deliberately placed his second store next to a CarMax. Here's his strategy.

| UPDATED: 4/20/17 4:03 pm ET - adds state dept. reaction
GM ceases Venezuela operations after government seizes plant

GM shut operations in Venezuela after authorities seized the automaker's local assembly plant and vehicles in the first nationalization of a company's major operations in the country in more than two years.

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