Ally Increases Carvana Loan Purchase Commitment by $1 Billion, Increases Floor Plan Commitment to $1.25 Billion
PHOENIX–(BUSINESS WIRE)–Today Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, announced a $1.0 billion increase to its current loan sale program with Ally Financial Inc. (NYSE: ALLY), demonstrating the success of the previous increase and extension of the facility completed earlier this year. This increase represents a total of $3.0 […]
Lithia Announces Proposed Public Offering of Common Stock
MEDFORD, Ore.–(BUSINESS WIRE)–Lithia Motors, Inc. (NYSE: LAD) today announced that we intend to offer, subject to market and other conditions, $700 million of shares of our Class A common stock (the “common stock”) in a public offering (the “Offering”). In addition, we intend to grant the underwriters a 30-day option to purchase up to an […]
Lithia Announces Proposed Senior Notes Offering
MEDFORD, Ore.–(BUSINESS WIRE)–Lithia Motors, Inc. (NYSE: LAD) today announced that we intend to offer, subject to market and other conditions, $500 million in aggregate principal amount of senior notes due 2031 (the “Notes”) in a private offering (the “Private Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended […]
Lithia Motors Reports Preliminary Third Quarter 2020 Results
MEDFORD, Ore.–(BUSINESS WIRE)–Lithia Motors, Inc. (NYSE: LAD) today reported preliminary financial results for the three months ending September 30, 2020. Based on preliminary information available today, Lithia expects third quarter 2020 net income per diluted share to be between $6.10 to $6.40 representing an increase of 68% and 76%, respectively, compared to $3.64 for the […]
Advance Auto Parts Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 4.50% Senior Unsecured Notes Due December 1, 2023
RALEIGH, N.C.–(BUSINESS WIRE)–Advance Auto Parts, Inc. (“Advance”) (NYSE: AAP), a leading automotive aftermarket parts provider in North America, announced today the expiration of the previously announced cash tender offer for any and all of its outstanding 4.50% senior unsecured notes due December 1, 2023 (CUSIP No. 00751Y AC0) (the “Notes”), on the terms and subject […]
Velodyne Lidar, Inc. and Graf Industrial Corp. Announce Closing of Business Combination
Trading of Common Stock on Nasdaq to Commence on Wednesday, September 30, 2020 SAN JOSE, Calif. & HOUSTON–(BUSINESS WIRE)–#lidar–Velodyne Lidar, Inc. (“Velodyne”) and Graf Industrial Corp. (“Graf”) jointly announced today that they have closed their previously announced business combination, pursuant to which Velodyne became a wholly owned subsidiary of Graf and Graf changed its name […]
Luminar to Host Virtual Investor Day on October 6, 2020
PALO ALTO, Calif.–(BUSINESS WIRE)–Luminar, a global leader in automotive lidar technology powering the introduction of highway autonomy, today announced that it will host a virtual Investor Day event on Tuesday, October 6, 2020, starting at 9:00 a.m. PT with the event expected to conclude by 11:00 a.m. PT. The virtual format will feature presentations from […]
Propel Fuels Named Top-Four Energy Brand by CHARGE Energy Awards
America’s leading low carbon fuel retailer recognized for innovation in brand, technology and customer loyalty SACRAMENTO, Calif.–(BUSINESS WIRE)–#E85—Propel Fuels has been named a top-four global energy brand by the CHARGE Energy “World’s Best Green Brand” Awards. Propel Fuels has created a new consumer category in the multi-billion dollar retail fuel industry, redefining customer loyalty, and […]
PMG Partners With OBE Power at Society Las Olas to Provide Smart Community EV Charging
Critical amenity has broader impact of encouraging Electric Vehicle adoption and reducing Greenhouse Gas emissions FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–#coliving–Property Markets Group (PMG), a leading modern urban developer, has partnered with OBE Power, the leading private network of smart, distributed electric vehicle chargers in Florida to offer Electric Vehicle Charging as a Service (EV CaaS) at […]
Consumer Trust and User Experience Key to V2X Success, Finds Strategy Analytics
Critical Lessons from Past Must be Learnt To Win Consumer Confidence in Adoption of Crucial Life-Saving Car Connectivity Systems BOSTON–(BUSINESS WIRE)–Strategy Analytics – From near-instantaneous traffic updates to alerts when another vehicle stops short or violates a red light, new and proliferating wireless sources of real-time information have begun to revolutionize the driving experience and […]
