If you happened to own a stake in Carvana (CVNA 1.36%) prior to Wednesday morning’s release of its second-quarter results, congratulations! Shares jumped another 40% that day, and most of that gain remains
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TOKYO (Kyodo) — Bigmotor President Hiroyuki Kaneshige said Tuesday he will step down, as the used car chain has been grilled over allegations that it charged excessive repair fees and also made fraudulent
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“This business can grow very quickly, but it has relatively low margins. It needs fresh capital,” which is why ZF had been looking for a partner, said Klein. ZF wants to use the
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Used car prices are finally coming down, and by the latest measure, they could be dropping hard. According to the latest Consumer Price Index (CPI), used car prices fell about 0.5% in June
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FRIEDRICHSHAFEN, Germany — Holger Klein, CEO of ZF Friedrichshafen, said young automotive brands such as Tesla, Nio, Xpeng and Lucid are pushing the old German supplier in a different way than traditional automakers.
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A Ford Model T was on display during the company’s 100th anniversary celebration. In 1920 this started up as Etter Ford in New Market Indiana now a monument place. Back than the automobile
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The firm forecasts narrower wholesale price declines plus stronger-than-normal seasonal conditions, reflective of demand improving as said declines show up in retail pricing, Smoke said on the call. Alex Yurchenko, chief data science
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DAVISON, MI – Every single car on the lot at the Hank Graff Chevrolet car dealership in Davison was damaged yesterday when tennis ball-sized hail fell from the sky due to severe weather.
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AutoNation Inc.’s top executive warned that softening car prices will likely fall further as inventory grows, a welcome sign for inflation-weary buyers but worrisome for dealers facing new pressure on profit margins. AutoNation,
Read MoreActors Dax Shepard and Kristen Bell are tapping into their Motor City roots to sell used cars. The couple, who are both from Michigan, will star in a new ad campaign for online
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