Online used-car dealer Carvana Co. has brought windfall gains to its believers this year with a 1,100% rally as investors pile in amid a resurging appetite for riskier stocks. Shares of the company jumped as much as 43% to $56.92 at the open in New York on Wednesday, after a deal to restructure its debt […]
Ford Isn’t Done With Layoffs
Good morning! It’s Friday, June 23, 2023, and this is The Morning Shift, a daily roundup of automotive news both big and small. What Exactly Is Going On at Tesla Right Now? 1st Gear: Ford Ford has been through round after round of layoffs in the past year or so, intended, ostensibly, to better position […]
Why Is Carvana Stock Suddenly Thriving?
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