Under the Hood: Executive compensation drops 5% in 2023
Though base salaries and stock awards increased, smaller bonuses drove a 5% decline in auto finance executives’ compensation in 2023, ...
Tag: Securities and Exchange Commission
Carvana originations taper amid debt restructure
Carvana’s loan sales in the second quarter outpaced origination volume and drove up finance gross profit per unit as the ...
Bankrupt Lordstown says it’s held confidential settlement talks with SEC
Bankrupt Lordstown Motors Corp. has had confidential settlement talks with the US Securities and Exchange Commission, which has previously inquired ...
RumbleOn CEO resigns, interim appointed
RumbleOn’s chief executive resigned yesterday amid allegations of resource misuse and an ongoing proxy battle, with the company appointing a ...
Lucid Motors cuts 18% of workforce
Lucid Motors is reducing its headcount by 1,300, or 18% of its workforce, as the electric vehicle OEM looks to ...
Trinity Capital’s equipment financing portfolio up 9.6% YoY
Trinity Capital grew its equipment financing portfolio in 2022 amid record commitments and deployments. Equipment financing investments totaled $29 million ...
Ally lowers Carvana forward flow agreement to $4B
Ally Financial has extended and lowered its forward flow agreement with Carvana to $4 billion as the retailer faces ongoing ...
Lucid stock plunges after EV maker reveals SEC investigation
Lucid Group Inc. disclosed it’s become the latest electric-vehicle maker to come under U.S. investigation following a merger with a ...
