Per-vehicle success lifts Carvana to its first profit
Higher profitability long term is linked to the used-vehicle retailer’s continued success in buying cars from customers and improving reconditioning capabilities.
Florida gambling deal with Seminole sports betting passes federal review
The U.S. Department of the Interior took no action after a 45-day review, which under federal rules means the 30-year gambling agreement is considered to have received approval.
Lear plans manufacturing plant, ‘hundreds of new jobs' in Detroit
The facility planned on the site of the former Cadillac Stamping Plant will supply GM”s Factory Zero EV plant.
NHTSA opens query into Ford's handling of 2020 recall
The automaker last September recalled more than 700,000 vehicles from the 2020 model year for poor electrical connections that could cause rearview cameras to intermittently show blank or distorted images.
US hiring surges in July as employers add 943,000 jobs, unemployment rate drops to 5.4%
The July jobs report is another sign that the U.S. economy continues to bounce back with surprising vigor from last year’s shutdown. The economy and the jobs market, however, face a growing threat from the coronavirus’ highly contagious delta variant.