Used-Car Marketplace Carvana Sinks 16% on NYSE Debut – Barron’s

Automotive News (subscription) (blog) Used–Car Marketplace Carvana Sinks 16% on NYSE DebutBarron’sShares of Carvana (CVNA), the used–car online marketplace based in Phoenix, Arizona, are down $ 2.33, or almost 16%, at $ 12.67, after the company's shares debuted on the New York Stock Exchange this morning. CEO Ernie Garcia III was kind enough to …Used–car retailer […]

Audi to Sell Ducati to Fund VW Dieselgate Losses? (News)

Reuters is reporting that Volkswagen is considering the sale of Ducati, which is currently owned by Volkswagen subsidiary Audi.  Audi acquired Ducati in 2012 for close to one billion dollars. The desire to sell Ducati, again according to the Reuters report, is “to help fund a strategic overhaul following its emission scandal.” For context, Volkswagen violated […]