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Carvana Q4 net loss widens on debt costs; revenue surges

The online used-vehicle retailer's revenue and retail sales soared in the fourth quarter, though debt retirement led to a higher net loss. [...]

Online used-vehicle startup Gettacar raises $25M

The Philadelphia-area company, which operates in seven markets on the East Coast, said it plans to expand into new locations and focus on product development. [...]

Stellantis cuts 150 jobs at Jeep Cherokee plant in Illinois

The layoffs are part of efforts to rebalance staffing levels and realign production "to meet global demand" for the Jeep Cherokee, according to the company. [...]

Granholm confirmed to lead U.S. Energy Department

The Senate voted 64-35 to confirm the former Michigan governor to run the sprawling agency, which has an annual budget of $35 billion and national research laboratories spread across 17 states. [...]

Cars.com posts Q4 profit on flat revenue

For the full year 2020, Cars.com, which offers vehicle-listings services and dealership technology products, reported a net loss of $817.1 million. [...]

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