Kia will push EV leasing to reap tax credit boon
Kia will lean more aggressively into the Inflation Reduction Act provision that extends a $7,500 federal EV incentive to leasing customers.
Adient's Q2 revenue grows, but headwinds hurt profits
The automotive seating supplier saw revenue rise 11 percent year over year to $3.9 billion, though it finished the quarter $15 million in the red.
Carvana Q1 earnings preview: Retailer expects smaller adjusted loss than year ago
The company expects its used-vehicle volume to land between 76,000 and 79,000 vehicles in the three months ending March 31, down about a quarter from a year earlier, according to a preliminary estimate it provided in a March 22 regulatory filing.
KAR Global announces rebrand under the name Openlane
KAR Global’s corporate name will change to Openlane on May 15, and the rebranded company will keep trading under the ticker symbol “KAR” on the New York Stock Exchange, according to a news release.
Toyota to supply fuel cell powertrains to Kenworth
Toyota reached a deal to supply fuel cell powertrains first developed for the Mirai for Kenworth’s Class 8 trucks.