Vroom Initiates Restructuring to Address Debt, Transforming $290M in Notes to Equity and Streamlining Finances
Vroom, Inc., a leader in automotive finance and digital services, has entered a Restructuring Support Agreement (RSA) with most of its debt holders and its primary stockholder to tackle its debt challenges. This RSA will…
LiveWire and KYMCO Reveal Futuristic Electric Scooter Concepts at EICMA, Strengthening Partnership
LiveWire, Harley-Davidson’s electric sub-brand, surprised the motorcycle community by showcasing two concept electric scooters at KYMCO’s stall during the 2023 EICMA event. KYMCO, an early investor in LiveWire, has a longstanding collaboration with the brand,…
Geely Restructures EV Portfolio as Zeekr Takes Control of Lynk & Co in Cost Cutting Strategy
Geely, a major Chinese automotive group, announced a restructuring plan to bring its premium EV brand Zeekr into control over its sister brand Lynk & Co as part of a broader cost-cutting and efficiency strategy.…
Kum & Go, the Midwest gas station chain known for the humor its name often inspires, is heading for a rebrand. Maverik, a competitor that acquired Kum & Go in 2023, announced it has started…
The 2025 Bronco gets a tech and comfort boost to stay ahead in the off-road race. All models now sport a standard 12-inch digital instrument cluster and a matching 12-speaker B&O sound system. Passenger comfort…
According to a report by Manager Magazin, German automaker Audi is planning a significant workforce reduction. The company reportedly aims to streamline operations by focusing layoffs on non-production roles, primarily in development departments. This shift…
Facing a multitude of challenges, Nissan is undergoing a major restructuring under CEO Makoto Uchida. The Japanese automaker is streamlining operations to go around a difficult economic climate. This plan includes significant workforce reductions, production…
Bentley, the iconic luxury carmaker, has recently confirmed that its first fully electric vehicle will debut in 2026. This highly anticipated model will be a luxury urban SUV, a segment-defining vehicle that promises to blend…
Stellantis, the automotive giant, has made significant strides in addressing its inventory surplus, particularly in the United States. While the broader automotive industry faced a surge in inventory levels in September, several Stellantis brands bucked…
A 71 year old cyclist, William Hoesch, is suing Columbia River Fire & Rescue after being struck by one of their ambulances and then charged a hefty fee for transport to the hospital. The incident…
Eight years have passed since the current Mazda CX-5 debuted, but it remains a sales juggernaut and the brand’s American bestseller. While the CX-50 might seem like its replacement, Mazda has confirmed a next-generation CX-5…
The car influencer community is in mourning after a late night accident claimed the life of Andre Beadle, a popular figure known online as 1StockF30. Beadle gained fame by building and showcasing his extensively modified…
The SEMA show is a playground for automotive giants and independent builders alike. Among the latter, Blazin Rodz has carved a niche for itself with its extraordinary creations. One such masterpiece is Doughboy, a monstrous…
Mercedes-Benz is gearing up to intensify competition for the Tesla Model 3 with the upcoming launch of its all-electric CLA sedan. The luxury automaker recently revealed a teaser video featuring CEO Ola Källenius driving the…
Hertz, the iconic car rental company, is poised to sell off a portion of its exclusive Shelby Mustang Mach-E fleet. These distinctive vehicles, adorned with a special Hertz livery and unique features, carry a premium…
Skoda has revealed its most affordable SUV, the Kylaq, targeting the rapidly growing Indian market. As the third vehicle developed locally after the Kushaq SUV and Slavia sedan, the Kylaq aims to capture a significant…
Skoda Launches Kylaq as Its Most Affordable Compact SUV for India's Growing Market
Skoda has introduced the Kylaq, its most affordable SUV, tailored specifically for the growing Indian market. Positioned in the highly competitive sub-compact segment, the Kylaq follows the Kushaq SUV and Slavia sedan as the third…
Audi Launches 'AUDI' Brand in China with AUDI E Concept, a High Performance Electric Sportback
Audi has launched a new brand in China called “AUDI,” marking a strategic shift in the company’s approach to the Chinese market. The new venture, which drops the traditional Audi logo in favor of all-caps…
Mazda Confirms Production of Iconic SP A Retro Futuristic Sports Car with Rotary Hybrid Power
Mazda has confirmed that its Iconic SP concept, a striking blend of retro and futuristic design, is set to enter production. Originally introduced as a concept car powered by an electric motor and rotary range…
Stellantis Eases Oversupply as Jeep, Ram, and Dodge Inventory Levels Drop Amid Rising U.S. Vehicle Stock
Stellantis has faced significant inventory challenges throughout 2024, especially with its Jeep and Ram brands, which, at one point, held more than double the industry average stock. Other Stellantis brands, such as Alfa Romeo, Chrysler,…
Bentley’s First Electric SUV Set for 2026 Launch Amid Push Toward Fully Electric Lineup by 2035
Bentley has confirmed that its first electric vehicle (EV) will launch in 2026, following a minor delay from the original 2025 timeline. This update was provided during an online presentation by Bentley’s new CEO, Frank-Steffen…
Nissan's Restructuring Slashes Jobs and Capacity Amid Global Sales Slump, as Mitsubishi Reduces Stake
Nissan Motor recently announced significant restructuring in response to poor sales, especially in the U.S. and China. The Japanese automaker plans to cut 20% of its global manufacturing capacity, leading to the elimination of around…
Audi Eyes Workforce Cuts Amid Volkswagen Group’s Financial Strains, Considers Up to 4,500 Layoffs in Cost Saving Push
Volkswagen Group’s recent financial pressures are now leading Audi to consider substantial layoffs, with plans reportedly to cut up to 15 percent of its workforce. According to German media reports, Audi’s main focus for cost-cutting…
China’s electric car market is experiencing explosive growth, and Audi is determined to grab a slice of the pie. To achieve this, the German automaker is implementing a daring new branding strategy specifically tailored to…
Cyclist Sues Oregon Ambulance Service for $997,000 After Accident and Unexpected Medical Bills
In October 2022, a 71-year-old cyclist named William Hoesch was injured when he was struck by an ambulance making a turn in Rainier, a town in Columbia County, Oregon. The ambulance, driven by an employee…
