Amid another reset, Shift Technologies is evaluating options to raise additional capital
The company is considering “all avenues” to raise capital, including negotiating with its debt holders, company CFO Oded Shein said Thursday.
Changan Ford Motor to set up electric car JV with Chongqing Changan Auto
Changan Ford Motor will own a 60% stake and Chongqing Changan Automobile the remaining 40% stake.
AutoCanada Q2 net income rises 16% to $45 million
AutoCanada Executive Chairman Paul Antony credited improving new-car inventories, greater internal efficiency readying used vehicles for resale and the “robust performance” of dealership service departments for the strong results.
Penske buys 2 North Carolina luxury dealerships
Penske Automotive Group chairman Roger Penske said the publicly-held retailer is pleased to enhance its premium retail automotive brand mix in the Southeast.
UAW, Detroit 3 spar as 'particularly challenging' contract deadline looms
After a week in which UAW President Shawn Fain threw Stellantis’ initial proposals in a trash can, hopes for a quick deal are dwindling as next month’s deadline approaches.