David Welch

Carvana Co. was accused by prominent short-seller Hindenburg Research of impropriety in a report alleging that the auto retailer’s subprime loan portfolio carries substantial risk and its growth is unsustainable.

Carvana Co. was accused by prominent short-seller Hindenburg Research of impropriety in a report alleging that the auto retailer's subprime loan portfolio carries substantial risk and its growth is unsustainable.

Carvana Co. said it has reestablished an agreement with Ally Financial Inc. to sell the lender up to $4 billion in used-vehicle loan receivables over the next year, a move that counters one claim by short seller Hindenburg Research that the financier was pulling back on their relationship.

Some companies are working on futuristic cars that can fly and others that will drive themselves. Mercedes-Benz Group AG is ready to sell one you can have a conversation with.

Memorial Gym is a relic when it comes to college basketball arenas, a true time capsule that brings back memories of the era of cagers.

US auto safety regulators are probing General Motors Co. over concerns that more than 870,000 of its full-size pickup trucks and SUVs face the risk of engine failure.

U.S. auto safety regulators are probing General Motors Co. over concerns that more than 870,000 of its full-size pickup trucks and SUVs face the risk of engine failure.

U.S. auto safety regulators are probing General Motors Co. over concerns that more than 870,000 of its full-size pickup trucks and SUVs face the risk of engine failure.

Mexico is planning to establish a “task force” to involve US companies in the process of reducing imports from China, the country’s economy minister told a group of auto suppliers at a private meeting Friday in Detroit.

Sales had a nice bump last month with 2,154 closed transactions in December 2024 compared to 1,982 closed sales the prior year.