automotive

Daimler, BMW Unload Parking App To Focus On Core Business
Daimler, BMW Unload Parking App To Focus On Core Business
March 09, 2021  |  Partnerships / Acquisitions

EasyPark Group, which works in parking and mobility technology, has announced that it will be acquiring North America’s ParkMobile from Daimler and BMW, according to...

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Today In Retail: CarParts.com Registers 90 Pct Rise In Sales; Target To Debut ‘Favorite Day’ Brand
Today In Retail: CarParts.com Registers 90 Pct Rise In Sales; Target To Debut ‘Favorite Day’...
March 09, 2021  |  Retail

In today’s top retail news, CarParts.com, Inc. reported a surge in sales in the fourth quarter of 2020, while Target is debuting a new food...

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CarParts.com Reports 90 Pct Rise In Quarterly Sales
CarParts.com Reports 90 Pct Rise In Quarterly Sales
March 09, 2021  |  Retail

CarParts.com, Inc., an eCommerce automotive company, reported as part of its financial results that net sales jumped 90 percent year over year in the fourth quarter...

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Monthly New Car Loan Payments Hit Record High Of Nearly $600
Monthly New Car Loan Payments Hit Record High Of Nearly $600
March 04, 2021  |  Loans

Loan payments for new cars escalated to record highs, closing in on $600 per month, CNBC reported on Thursday (March 4), citing data from the...

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Driving Trust In The Cross-Border B2B Used Vehicle Trade
Driving Trust In The Cross-Border B2B Used Vehicle Trade
March 02, 2021  |  B2B Payments

With the rise of eCommerce elevating shoppers’ standards to new heights, digitization has the potential to make even the most notoriously “un-fun” shopping experience a...

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Carvana Sells More But Spends More As Effort To Meet Demand Proves Costly
Carvana Sells More But Spends More As Effort To Meet Demand Proves Costly
February 26, 2021  |  Earnings

Carvana, the fastest growing and second largest seller of used cars in the country, said Thursday (Feb. 25) it set several sales and profitability records...

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Online Car Market Gettacar Revs Up With $25 Million Round
Online Car Market Gettacar Revs Up With $25 Million Round
February 24, 2021  |  Investments

Online car-buying startup Gettacar has announced $25 million in funding toward its goal of making the car buying and ownership process more streamlined, a press...

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EV Maker Lucid Motors Merges With Churchill SPAC To Go Public
EV Maker Lucid Motors Merges With Churchill SPAC To Go Public
February 23, 2021  |  IPO

Luxury electric vehicle (EV) maker Lucid Motors and special purpose acquisition company (SPAC) Churchill Capital Corp IV (CCIV) are planning a merger to go public....

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Goodyear-Cooper Tire Merger Heats Up Competition Among Auto Service Chains
Goodyear-Cooper Tire Merger Heats Up Competition Among Auto Service Chains
February 23, 2021  |  Retail

The announced combination of Goodyear and Cooper Tire, the largest and fifth-largest tire manufacturers in North America, is set to not only increase competition with...

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