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Tim Holm, president of Holm Automotive Center, 2005 N. Buckeye, said he has entered into a purchasing agreement with Lease Duckwall, president of Green Ford Sales Inc., 2104 N. Buckeye. The two business owners confirmed the agreement Thursday afternoon.

Bill McPherson, owner of Lodi Automotive Supply, Inc., said rumors have been circulating around town that his store would not be staying open after the dissolution of his business partnership with automotive part supplier Napa Auto Parts.

Coda Automotive, known for their upcoming sedan electric vehicle, has expanded their business by announcing a new venture called Coda Energy. The spinoff business unit will specialize in building stationary energy storage systems.