9 arrested as police say they tried to steal Ram pickups from the factory
Wednesday, 18 January 2023
Another day, another attempted theft of Ram pickups: Police in Sterling Heights, Michigan, nabbed nine suspects Tuesday morning while the nine, according to arresting officers, were trying to steal a number of Ram 1500 pickup trucks stockpiled in a shipping yard at the Sterling Heights Assembly Plant where the trucks are built. The heist was
- Published in Automotive News
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Carvana adopts a ‘poison pill,’ sells off $4 billion of auto loans
Tuesday, 17 January 2023
Carvana has adopted a “poison pill” to limit shareholders from raising their stakes and has reached an agreement to sell up to $4 billion of auto loans, the struggling used car retailer said on Tuesday. The company’s shares gained 6.5% to $7.47 in afternoon trade. Ally Bank and Ally Financial will buy the loans, the company said,
- Published in Automotive News
Junkyard Gem: 1992 Isuzu Amigo
Monday, 16 January 2023
After some success providing General Motors with small Faster pickups badged as Chevrolet LUVs in North America (plus some Chevette-related Geminis labeled “Buick/Opel by Isuzu,” which confused everybody), Isuzu began selling vehicles under its own name here in the early 1980s. At first, we just got I-Mark subcompacts and P’up pickups. Then the Trooper SUV
- Published in Automotive News
FTC tackling the problem of unfair, deceptive fees when buying a car
Sunday, 15 January 2023
The U.S. Federal Trade Commission spent at least half of last year wrestling with the issue of what it calls junk fees. These are the nickel-and-diming charges that “are unnecessary, unavoidable, or … that inflate costs while adding little to no value.” Easy targets are convenience fees for buying a ticket or using a credit
- Published in Automotive News
Empty Carvana vending machine in Denver a billboard for company troubles
Saturday, 14 January 2023
The problem with the politic advice, “If you don’t have anything nice to say, don’t say anything,” is that sometimes there’s nothing to say that’s both nice and useful. Take Carvana, the online used car sales company that hasn’t had a useful, positive thing said about it for at least six months. The woes to
- Published in Automotive News