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Car-sharing startup Getaround agrees to $1.2 billion SPAC merger
Getaround Inc., the car-sharing marketplace that functions as an Airbnb for vehicles, agreed to go public through a merger with...
Prices in US outstrip forecasts in sign of inflation persisting
US consumer prices rose by more than forecast in April, indicating inflation will persist at elevated levels for longer and...
RumbleOn posts record Q1 profits
RumbleOn posted record revenue in the first quarter of 2022 as the retailer focused on acquiring supply directly from consumers...
Upstart revamps AI-based auto refinance model in Q1
Artificial intelligence (AI)-based lending platform Upstart is now using its own auto lending performance data to power its auto refinance...
Carvana cuts 2,500 jobs amid profitability woes
Carvana is reducing its workforce by 2,500 employees in an effort to better align staffing and expenses with sales volume,...
Stellantis CEO says supply issues risk derailing electric shift
Stellantis NV said its target to sell only electric vehicles in Europe by the end of this decade depends on...
Open Lending’s certified loan volume climbs 32% in Q1
Automation fintech Open Lending’s certified loan volume increased for the sixth consecutive quarter in Q1 as the automation fintech grew...
Listen: Editors’ Weekly Wrap discussion drills down on used values, inflation
Last week, used-vehicle values cooled for the third straight month in a positive sign for the U.S. Labor Department’s forthcoming...
