A360 - Page 21 of 133 - Automotive Info

Automotive Deals

Best Betting Promos, Bonuses & Deals for NASCAR’s EchoPark Automotive Grand Prix

Cars round turn one at the EchoPark Automotive Grand Prix at Circuit of the Americas. Aaron E. Martinez USA TODAY NETWORKWe may earn a fee if you make a purchase through one of our links. The newsroom and editorial staff were not involved in the creation of this content.[–[–The start of the 2023 NASCAR season has been packed with plenty of excitement, which is likely to continue this Sunday when the EchoPark Automotive Grand Prix begins in Texas. Before the flag drops, prospective bettors and NASCAR fans alike will want to check out all the different…

Used Cars

Carvana has a plan for its debt, and investors don’t like it

A group of funds holding most of Carvana Co.’s more than $5 billion in bonds will oppose a restructuring plan that the online auto seller wants as a way to rein in its debt load, according to people with knowledge of the group’s position. Carvana said Wednesday it would offer to exchange as much as $1 billion of its unsecured bonds at discount prices in an effort to extend looming repayment deadlines. The company in the past year suffered mounting losses, and in the last quarter it burned through $1.8 billion in cash as sales tumbled 23%. Bondholders who banded…

Automotive News

Guide to Windshield Replacement in Arizona

Many drivers think they will be perfectly safe driving around with a crack or chip in their windshield, this often isn’t the case. Any obstruction in the windshield can result in unsafe driving conditions and could ultimately cause an accident. Because chips and cracks are prone to spreading over time, especially when exposed to the extreme weather conditions typically found in Arizona, it’s essential to consider windshield replacement, especially if the situation cannot be resolved with an auto glass repair. While this is a simple process, many people wonder if they really need to replace their windshield at all. The…

Automotive repair

MG Motor and Inter Emirates Motors Introduce the MG One

The first generation of MG Motor’s all-new MG ONE has arrived in the Middle East. Available in three trims at Inter Emirates Motors, a subsidiary of Ali & Sons Holding LLC and the official distributor of MG in the UAE, the all-new 2023 MG ONE will strengthen the British-born brand’s increasingly popular model portfolio, offering customers even more style, technology and traveling comfort at great value prices. The MG ONE harnesses the latest technology by introducing SAIC Motor’s self-developed all-new modular SIGMA architecture platform, housing a 1.5 Turbo unit delivering 181hp and max. Torque of 285Nm – powering the vehicle…

Automotive News

Cox Automotive wields ax as it reviews Canadian operations

Cox Automotive is laying off 80 staff in Canada and closing its Manheim Edmonton auction operation as it re-evaluates its Canadian footprint following the sale of much of its software business in the country late last year. Matt Trapp, Cox’s regional vice-president for the eastern United States and Canada, said the company has spent the past few months assessing its long-term strategy for Canada, and changes in the local wholesale market mean Manheim Edmonton no longer fits Cox’s growth plan . “It’s never easy when we make these decisions. … Unfortunately, Edmonton is not going to be a part of…

Automotive News

Chevy Equinox redesign spotted road testing

It remains a key vehicle for General Motors in a highly competitive segment. The Equinox posted US sales of 212,072 in 2022, ranking as Chevy’s second-best-selling vehicle behind the Silverado full-size pickup and GM’s third-top-selling model behind the Silverado and GMC Sierra pickup. The Equinox was third in its segment last year behind the Toyota RAV4 and Honda CR-V, according to the Automotive News Research & Data Center. Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions, told Automotive News in an email that the gasoline-powered Equinox should go into production in April 2024. “With the intense competition…

Used Cars

Used-car retailer Carvana expects smaller core loss, shares jump

March 22 (Reuters) – Carvana Co (CVNA.N) said on Wednesday it expects a smaller core loss in the current quarter as its cost-cut measures have helped mitigate some impact of a decline in used-car sales. The debt-laden company has taken a series of steps, including job cuts, over the past year to cut costs as it struggles to sell cars acquired at elevated prices, with buyers hit by inflation and worried about a recession cutting spending. The company’s business model became popular during the COVID-19 pandemic, as people opted for readily available used cars instead of newer vehicles whose supply…

Automotive Accessories

Lowndes, Goddard to race Triple Eight Supercars wildcard

For the third year running the T8 will be a third field entry for the Bathurst 1000 thanks to major backing from Supercheap Auto. The entry could also race at the revived Sandown 500, with the team yet to confirm the exact plans for the wildcard. The automotive parts and accessories retailer has funded what has been a one-off entry for the past two years in response to rival Repco taking over the naming rights backing of the Bathurst 1000. Broc Feeney and Russell Ingall shared the car in 2021 before Declan Fraser and Craig Lowndes took over the entry…

Automotive Accessories

Coldstream Capital Management Inc. Takes Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Coldstream Capital Management Inc. bought a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,220 shares of the specialty retailer’s stock, valued at approximately $1,030,000. Other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co boosted its position in shares of O’Reilly Automotive by 56.5% in the third quarter. Riverview Trust Co. now owns 36 shares of the specialty retailer’s stock valued at $25,000 after acquiring…

Automotive News

Ford recalls: 1.3M Fusions, Lincoln MKZs called back for brakes

Ford is also recalling about 280,000 F-150 pickups globally from the 2021 model year, according to a separate recall report made public Thursday. The recall covers about 222,000 vehicles in the US, 50,000 in Canada and 2,000 in Mexico, Ford said. The windshield wiper arms on those vehicles may break, reducing visibility in certain conditions and increasing the risk of a crash. Potential indicators of the issue include erratic or slow wiper speed. Ford told NHTSA that as of Jan. 25, it was aware of 576 global reports of inoperative or detached windshield wiper arms related to this condition. Trico…