Carvana finalizes purchase of KAR Global’s ADESA U.S.
KAR Global said Tuesday that it has completed the sale of its ADESA U.S. auction unit to Carvana Co. The deal will allow KAR to focus on its online dealer-to-dealer...
TrueCar exploring acquisitions as it rolls out digital retailing tool
Vehicle listings company TrueCar is considering acquisitions that could boost its digital offerings, executives said Tuesday. TrueCar CEO Mike Darrow said during the Santa Monica, Calif.-based company's first-quarter earnings call...
Toyota slashes production plans | Automotive News
TOKYO - Toyota Motor Corp. said Tuesday it would suspend operations on 14 lines at eight domestic factories for up to six days in May due to the COVID lockdown...
Stellantis CEO Carlos Tavares: Industry faces battery, raw material shortages amid EV push
"The speed at which now everybody is building manufacturing capacity for batteries is possibly on the edge to be able to support the fast-changing markets in which we are operating,"...
Carvana to lay off 2,500; executives to forgo salaries for rest of year
Carvana Co. plans to lay off 2,500 employees, or about 12 percent of its work force, according to a document it filed Tuesday with the U.S. Securities and Exchange Commission....
Carvana to lay off 2,500; executives to forego salaries for rest of year
Carvana Co. plans to lay off 2,500 employees, or about 12 percent of its workforce, according to a document it filed Tuesday with U.S. Securities and Exchange Commission. Those employees...
EV startup Canoo sues investor with China ties
Canoo Inc. accused its second-largest shareholder of wrongfully benefiting from recent share sales, and is trying in a lawsuit to claw back those profits. The EV startup says that DD...
U.S. EV registrations surge 60% in Q1, driven by Tesla, Ford, new Korean models
Despite semiconductor shortages, rising transaction prices and falling light-vehicle sales overall, battery-electric vehicle volumes are surging across the U.S., driven by luxury leader Tesla and new models from Hyundai Motor...
Mitsubishi bounces back to profitability
TOKYO — Rebounding Mitsubishi Motors Corp. stepped up its recovery in the latest quarter, bouncing back to profitability on better sales and beneficial foreign exchange rates. The Japanese automaker forecast...
GM partners with Red Hat to expand, accelerate vehicle software capability
General Motors said it has partnered with open-source provider Red Hat to expand the capability of its upcoming Ultifi in-vehicle customer experience platform. Working with Red Hat will be critical...