TrueCar executives said the vehicle listings company could look at “tuck-in” acquisition opportunities to accelerate its product road map around TrueCar+, its new digital retailing tool.
Carvana is laying off 12 percent of its work force and executives won’t take salaries for the rest of the year.
The electric-vehicle startup says that DD Global Holdings, a Cayman Islands firm, should pay back more than $61 million in so-called “short swing” profits.
Rebounding Mitsubishi Motors Corp. stepped up its recovery in the latest quarter, bouncing back to profitability on better sales and beneficial foreign exchange rates.
EV registrations in the U.S. rose 60 percent in the first quarter to 158,689, representing 4.6 percent of total light-vehicle registrations, according to Experian. Tesla led the way, but Hyundai-Kia made big gains with new models.