Tricolor Holdings founder Daniel Chu is set to go on trial in October on charges that he defrauded the used-car ...

Los Angeles-based electric powerboat maker Arc Boat Company has raised $50 million to finance its expansion into commercial and defense vessels. Arc ...

The potential sale of Exeter Finance highlights the impediment that private equity ownership can pose to financial institutions’ operations.   Private equity firm Warburg Pincus is reportedly considering a sale of independent subprime auto lender Exeter Finance of up to $3 billion. New ...

While new-EV sales continued to slide at the end of February, rising gas prices led to more demand for used ...

Used-vehicle values rose during the first quarter, after declining at the end of 2025, due to particularly strong seasonality driven in part by higher tax refunds.   The Exponential ...

Promotional activity in the U.S. powersports market remained consistent year over year in March, with manufacturers increasing incentives on 2026 model-year ...

SaaS provider Solifi has developed an AI solution that will significantly reduce the time that auto and equipment lenders spend reviewing documents.  The Minneapolis-based fintech’s Document Intelligence tool, which ...

Uber Technologies Inc. plans to invest as much as $1.25 billion in carmaker Rivian Automotive Inc. to help launch a ...