The trick for automakers, according to S&P Global Mobility, is getting consumers exposed in the first place. More than 1 in 4 respondents said they either did not know that connected services were
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(Bloomberg) — A pact among Carvana Co. creditors to work together as they negotiated how to restructure the used-car dealer’s massive debt load reached a pivotal moment last month, during a meeting with
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STOCKHOLM — Volvo Cars reported a 54 percent fall in second-quarter operating earnings as the year-ago period’s profit was boosted by a one-off gain, and it forecast healthy demand for its vehicles despite
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Shares of Carvana were on fire, up again today after the online seller of used cars turned in higher earnings than expected. The stock started the year at less than $5 and now
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Car dealers paid about 1% less for used cars at auction in the first half of July than they did in June. That’s news, mainly because wholesale prices were already down more than
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Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets. Carvana, the troubled used-car
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LONDON — Tata Group will build an electric vehicle battery plant in the U.K., the company and the British government said, in a major boost for a car industry in need of domestic
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Chief Cabinet Secretary Hirokazu Matsuno holds a press conference in Tokyo on July 18, 2023. (Kyodo) Japan is set to ban the export of used cars to Russia as part of additional economic
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Akan Davis knows he faces an uphill battle to establish a used-car dealership in Greensboro’s historic, but struggling, Benbow Park community. Davis, a 22-year car-sales veteran, hopes to open his business on a
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Photo: Brandon Bell (Getty Images) New-vehicle inventory at dealers in the U.S. is continuing its slow and steady climb upward as production around the world recovers following the brunt of the pandemic. According
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