Captives Recapture Total Vehicle Financing Market Share in the U.S.
New Experian report shows consumers continuing to opt for shorter term loans SCHAUMBURG, Ill.–(BUSINESS WIRE)–In the second quarter of 2023, captives regained the lion’s share of total vehicle financing, outpacing banks and credit unions. According to Experian’s State of the Automotive Finance Market Report: Q2 2023, captives made up 29.05% of the total vehicle financing […]
Carvana to Complete Debt Exchange with Over 96% of Noteholders
PHOENIX–(BUSINESS WIRE)–Carvana Co. (NYSE: CVNA) (“Carvana” or the “Company”), the leading e-commerce platform for buying and selling used cars, announces today the final results of its previously announced debt exchange offers (the “Exchange Offers”) that will provide the Company with significant financial flexibility as it continues to execute its profitability and growth plan by reducing […]
Cepton, Inc. Announces Participation in September 2023 Investor Conferences
SAN JOSE, Calif.–(BUSINESS WIRE)– RBC Global Industrials Conference Date: Tuesday – Wednesday, September 12 – 13, 2023 Location: Las Vegas, NV Participants: Hull Xu, Chief Financial Officer, and Mitch Hourtienne, Senior VP of Business Development Presentation: Cepton is scheduled to present at 8:35 – 9:05 a.m. PDT on September 13. Northland Capital Markets Institutional Investor […]
North America Robot Orders Drop for Second Quarter
Association for Advancing Automation’s latest report shows 37% fewer robots were purchased in April through June of 2023 than during the same period in 2022, a record year; downturn exacerbated by slow economy and high interest rates ANN ARBOR, Mich.–(BUSINESS WIRE)– When combined with first quarter results, the robotics market in North America is down […]
Bird and Cuyahoga Metropolitan Housing Authority Join Forces to Provide Affordable Mobility Solutions for Programs and Developments
CLEVELAND–(BUSINESS WIRE)– This partnership aims to address transportation challenges faced by individuals residing in affordable housing developments, providing them with convenient and affordable access to various destinations throughout the region. Bird will work closely with CMHA to implement programs and initiatives that benefit residents, including the introduction of affordable pricing structures tailored to meet the […]
