WSJ News Exclusive deal Canadian company increases cash payment to IAA shareholders from $10 to $12.80…
Tag: used car dealing
WSJ News Exclusive | Carvana Cuts Workers Amid Slowing Sales and Debt Squeeze
Carvana is cutting staff amid a continuing sales slump, as it tries to conserve cash to…
WSJ News Exclusive | Carvana Cuts Workers Amid Slowing Sales and Debt Squeeze
Carvana is cutting staff amid a continuing sales slump, as it tries to conserve cash to…
Falling Car Prices Will Slow Detroit’s Profit Machine
Pre-owned vehicle values are set to drop drastically in 2022, and new cars may now follow…
WSJ News Exclusive | Carvana Creditors Criticize Management, Gird for a Fight
The CEO’s father, who is the largest shareholder of the used car dealer, is seen as…
Jobless Claims Rise But Remain Near Prepandemic Lows
Filings for U.S. unemployment benefits, a proxy for layoffs, increased by 17,000 but stayed relatively low,…
Carvana Cuts Costs as Demand for Used Autos Remains Under Pressure
Online used-car dealer Carvana Co. said it is aggressively cutting costs as demand from consumers remains…
London-Based Hedge Fund Reels as Tech Bet Goes Wrong
Stock-picking hedge funds around the world are hurting amid the market rout. And then there is…