The company’s digital wholesale division, which includes trading platform CarOffer, saw a higher loss and a major drop in revenue, but CarGurus CEO Jason Trevisan said executives have taken steps to stabilize the business.
The pace car for the 107th running of the Indy 500 scheduled for May 28 will be, for the 20th time since 1978, a Chevrolet Corvette.
Panasonic said that it will delay the commercial production of its 4680 battery cells and begin operations during the April to September period in 2024, later than previously scheduled, as the company aims to improve their performance.
S&P Global Mobility gathered experts Wednesday to discuss emerging opportunities and challenges facing the global battery sector in a webinar.
The retailer expects its gross profit per vehicle to improve in the second half of the year as it sells a higher mix of newer inventory, CEO Tom Shortt said.