Carvana's used EV sales are up so far this year. Here's a look at who's buying them.
Emily Knoll, Carvana’s senior director of inventory strategy, shared insights on retailer’s second-quarter EV Trends Report.
Mitsubishi pivots to North America as new profit engine as earnings dip
TOKYO — Mitsubishi, one of the smallest mass-market brands in the U.S., is getting bullish about North America with plans to enhance the local lineup with vehicle updates annually through 2030.
The Japanese carmaker will introduce these new or updated models in the region to undergird its emerging role as the Mitsubishi Motors Corp.’s main earnings engine, Senior Executive Officer Koichi Namiki said July 23 while announcing fiscal first-quarter financial results.
The region already generates more than half the company’s operating profit.
The rollout comes as Mitsubishi tries to flesh out its meager four-nameplate lineup in the world’s second-biggest auto market and stoke an upswing in U.S. sales momentum.
Mitsubishi now expects North America to generate 30 percent of its total global revenue in its 2030 fiscal year, up from about 25 percent today, President Takao Kato told Japan’s Nikkei business daily. Executives at the earnings briefing declined to confirm the sales target but noted that North America is by far the company’s biggest contributor to profits.
GM ups guidance after posting 14% higher profit, record Q2 revenue
GM said it set records for global revenue, North American profit and North American revenue in the second quarter, by strong sales of pickups and SUVs.
Nearly 90 percent of outside software rebooted after CDK cyberattacks, CEO Brian MacDonald says
CDK Global, working with outside experts, is continuing to investigate whether the June 19 ransomware event led to the theft of any personal information.
The end of Chevron deference is a ‘power shift’ for investors
By Sam Taube | NerdWallet
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What do fishing, air pollution and Bitcoin have in common? Maybe just one thing: Until recently, they were all regulated by a powerful legal doctrine known as Chevron deference.
But in late June, a fishing-related Supreme Court case, Loper Bright Enterprises v. Raimondo, brought an end to Chevron deference. Experts say the decision could cause substantial changes to financial rules — especially when it comes to cryptocurrency. Here’s what investors should know.
What was Chevron deference?
The term “Chevron deference” comes from a 1984 Supreme Court case, Chevron U.S.A. Inc. v. Natural Resources Defense Council Inc. That case hinged on whether the Environmental Protection Agency (EPA) was allowed to modify factory emissions regulations that were derived from a broadly worded air pollution law.