Shearer buys Lewis Motors in South Burlington

first_imgShearer Chevrolet Co. Inc.,Long-time Burlington auto dealer Bill Shearer acquired Lewis Motors in South Burlington effective July 1, 2009, adding three new brands to the Shearer family of dealerships in Vermont. The current location on Shelburne Road will be retained, but each brand will have its own dealership identity.  The names will be changed to Shearer Acura, Audi South Burlington and Volkswagen South Burlington.”Acura, Audi and Volkswagen are flagship brands that have become mainstays in Vermont.  The Lewis family has set a solid foundation for their future” said Shearer.Alex Lewis founded Lewis Motors in 1974 as a Volkswagen dealership.  The Audi franchise was added in 1976.  Alex’s son David joined the firm in 1987 after graduating from Norwich University.  The Acura dealership opened in 1995 and David Lewis purchased Lewis Motors from his Dad in 1996.Shearer Chevrolet was founded in 1928, and is one of the oldest dealerships in Vermont.  Shearer also operates Shearer Honda in Rutland, as well as Shearer Pontiac, Buick, Cadillac and GMC trucks in South Burlington.  It also owns and operates Direct Autobody, a brand new state-of-the-art collision repair facility which opened in 2008 and is located behind Shearer Chevrolet.The Shearer Auto Group will now be able to offer customers the best cars and trucks from Japan, Germany and the United States.  “It’s an exciting opportunity” Shearer concluded.last_img read more

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U.K. plans for a U.S.-style fracking boom not happening

first_imgU.K. plans for a U.S.-style fracking boom not happening FacebookTwitterLinkedInEmailPrint分享CNN:The United Kingdom once hoped that fracking would unlock its shale energy reserves, enhancing the country’s energy security and creating jobs and new tax revenues in the process. That now looks unlikely to ever happen.Only three wells have been fracked in the country to date, according to a report this week from the National Audit Office (NAO), which monitors government spending. The U.K. government had been hoping for 20 wells by the middle of 2020.The NAO cites multiple factors for the slow start: Public support for fracking was weak to begin with and has dropped over time. The size of U.K. shale reserves remains unknown and the cost effectiveness of extraction has not been studied by the government.Even more dramatic, each of the three wells have caused earthquakes more powerful than the 0.5 magnitude threshold that requires a pause in operations, according to the NAO. The most recent was a 2.9 magnitude quake in August.In 2016, fracking accounted for more than two-thirds of all oil and natural gas wells drilled in the United States, according to the U.S. Energy Information Administration.U.S. oil production has more than doubled over the past decade to about 12 million barrels per day. The United States briefly overtook Saudi Arabia and Russia as the world top oil exporter in June, according to the International Energy Agency.In addition to environmental concerns, the fracking industry faces another big challenge: the cost of renewable energy is falling fast.The U.K. government wants the country to become a global leader in renewables and plans to derive a third of its electricity from offshore wind by 2030. For fracking, the game may already be up.More: The UK once hoped for an American-style fracking boom. It’s not happening.last_img read more

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