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Major Automotive Companies history
Major Automotive Companies company history timeline
Fidelity Holdings Inc., founded in October 1995 by Bruce and Harold Bendell and Doron Cohen and based in Kew Gardens--another Queens community--was a holding company engaged in two different businesses.
In 1996 Bendell's Major Automotive Group was doing about $180 million a year in business.
The Plastics and Utilities Products Division consisted of a development-stage company acquired in 1996.
Fidelity Holdings began appearing on the NASDAQ OTC Bulletin Board in 1996 and initially traded at $4 to $5 a share.
Major Automotive had sales of $144.5 million and Fidelity Holdings had revenue of $3.86 million in 1997.
Expansion of its auto business raised Fidelity Holdings' revenues to $322.14 million in 2000.
The company sold 5,369 new vehicles in 2000, of which Chevrolet accounted for 42.6 percent.
The terms called for Cogan to become Major Automotive's chairman and chief executive and, with his nominees, to hold four seats on the seven-member board. Its stock dropped as low as 23 cents a share before the company was renamed in May 2001 and issued a reverse one-for-five-share stock split, which raised the price level to about $2 a share.
The telephone calling-card subsidiary, ICS Globe, Inc., was sold to the same company in July 2001 for $240,000.
- By 2001, Chrysler had three marques worldwide: Jeep, Dodge, and Chrysler.
By 2005, 80 percent of global production came from 11 countries, representing a widening of the playing field and a significant growth in global competition.
In the summer of 2008, record fuel prices caused many consumers to sell their large vehicles and buy smaller, more efficient cars.
- In 2009 begins offering its turbocharged EcoBoost line of engines for better fuel economy and more power than a naturally aspirated engine.
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Major Automotive Companies competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Auto Trader Group | - | $423.2M | 859 | - |
| Hooman Automotive Group | 2003 | $33.0M | 350 | - |
| Legacy Toyota | - | - | - | - |
| Automax | - | $6.1M | 334 | 26 |
| Anderson Auto Group | - | $16.0M | 100 | 116 |
| Infiniti | 1989 | $220.0M | 3,000 | 80 |
| JM Lexus | 1989 | $20.0M | 264 | 2 |
| Cox Auto | - | $51.1M | 40 | 1 |
| Garber Careers | - | $71.0M | 3,000 | - |
| Bill Jacobs Auto Group | - | $1.5M | 25 | - |
Major Automotive Companies history FAQs
Zippia gives an in-depth look into the details of Major Automotive Companies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Major Automotive Companies. The employee data is based on information from people who have self-reported their past or current employments at Major Automotive Companies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Major Automotive Companies. The data presented on this page does not represent the view of Major Automotive Companies and its employees or that of Zippia.
Major Automotive Companies may also be known as or be related to Major Automotive Companies Inc, Major Automotive Companies and The Major Automotive Companies Inc.