Mercedes-Benz

In Anshan, China, a man’s unlocked Toyota was entered by three minors who stole the keys and subsequently his Mercedes-Benz. The abandoned Mercedes was recovered 100km away after running out of fuel. Two suspects, ages 13 and 14, have been apprehended. Due to their age, they may not face criminal charges, but the owner’s negligence in securing his vehicle could lead to partial liability. Insurance coverage is complicated by the owner’s negligence and legal limitations regarding minors’ responsibilities. The guardians may be responsible for compensation and care.

Lithia & Driveway (LAD) expands its footprint by acquiring two Southeast Mercedes-Benz dealerships, expecting $220 million in annualized revenue. This acquisition brings LAD’s total 2024 acquired revenue to $400 million. Further demonstrating confidence, LAD updated its share repurchase program, investing $230 million to repurchase shares. This balanced approach combines strategic acquisitions and share repurchases, signaling positive growth and shareholder value.