Payments platform Airwallex is joining forces with British online vehicle marketplace Carwow. The collaboration, announced Thursday (Jan. 9), allows Carwow to use Airwallex’s services to process payments for dealerships who purchase cars from thousands of private sellers through the company’s online auctions each week. “We...
Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial. The yearlong arrangement, announced Monday (Jan. 6), comes days after a report by short seller Hindenburg Research claiming that Ally was stepping back from its partnership with the online...
Hindenburg Research said Thursday (Jan. 2) that it has taken a short position in shares of online car dealer Carvana, alleging a “father-son accounting grift” at the firm. In a report posted Thursday, Hindenburg said that Carvana’s turnaround is a “mirage,” that the company engaged...
Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million that would be refunded to consumers. The Federal Trade Commission (FTC) said in a Tuesday (July 2) press release that Vroom agreed...
August 02, 2022
Investors’ tendency to slash the valuations of unprofitable businesses when the macroeconomic winds aren’t blowing their way is understandable. But for companies that are feeling the brunt of investor skittishness, making a solid argument for shareholders not to jump ship in times like this is the only way out of the predicament. One company that […]
March 13, 2025
The Federal Trade Commission (FTC) has begun sending more than $934,000 in refunds to consumers after reaching a settlement with online used car dealer Vroom in July. The refunds will compensate consumers who bought cars and were harmed Vroom’s alleged violations of the law, which included misrepresenting that it thoroughly examined all vehicles before listing […]
January 09, 2025
Payments platform Airwallex is joining forces with British online vehicle marketplace Carwow. The collaboration, announced Thursday (Jan. 9), allows Carwow to use Airwallex’s services to process payments for dealerships who...
January 06, 2025
Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial. The yearlong arrangement, announced Monday (Jan. 6), comes days after a report by short...
January 02, 2025
Hindenburg Research said Thursday (Jan. 2) that it has taken a short position in shares of online car dealer Carvana, alleging a “father-son accounting grift” at the firm. In a...
