Chinese electric-vehicle maker Aiways explores 2021 U.S. IPO
The Shanghai-based company is working with underwriters ahead of a listing in which it could raise about $300 million, Bloomberg reported.
Carvana dealer license suspended in N.C. county for 180 days
Carvana is barred from selling autos in Wake County, N.C., until late January for violating motor vehicle dealer licensing laws in the state.
The state attorney’s office said in a settlement agreement with Carvana that the online-based retailer failed to deliver title work in a timely manner, issued out-of-state, temporary tags for a vehicle sold in North Carolina and offered a vehicle for sale without a state inspection.
CBS 17 reported that the move followed a consumer complaint and investigation. The agreement was struck in an appeal by Carvana.
For 180 days beginning Aug. 2, Carvana can’t sell cars and trucks from its Raleigh location, where the state said the violations took place. Any vehicles at that location during the suspension period will have to be clearly labeled “Not For Sale,” the agreement says.
Employees at the Raleigh location are still allowed to process title and vehicle registration paperwork from Carvana’s three other licensed “dealerships” during the suspension, the agreement says.
M.A.G.S. Is Writing Music You Can Taste
Rising Los Angeles artist M.A.G.S., born Elliott Douglas, synthesized his youth as a punk kid in Buffalo and growing fascination with hip-hop to make ‘Say Things That Matter,’ a genre-agnostic new album carefully curated for summertime.
PODCAST: Magic Kingdom VP dishes on new fireworks show, 50 golden statues and revamping of Splash Mountain (Ep. 106)
Melissa Valiquette, vice president of Magic Kingdom, discusses “Disney Enchantment,” the 50 golden character statues, Tron and the revamping of Splash Mountain on this episode of Theme Park Rangers.
DeSantis appeals decision to halt ‘vaccine passport’ law
Gov. Ron DeSantis’ administration has gone to a federal appeals court in a battle with Norwegian Cruise Line Holdings about so-called “vaccine passports.”