Carvana acquires Adesa US auction business for $2.2B to jump-start used car sales – TechCrunch

Carvana, the online used car marketplace, has agreed to buy Kar Global’s Adesa U.S. auction subsidiary for $2.2 billion in cash, an acquisition aimed at adding another revenue stream as well as a network of physical sites that could help bolster operations.

The acquisition announcement, which was made alongside a fourth-quarter earnings report, marks a transition for the pure online business into a more traditional physical car dealer. 

Today, Carvana customers can use the company’s mobile or web app to shop, buy and finance their vehicle purchase. Those vehicles can either be picked up at one of its 30 multi-story

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Can Huawei reinvent itself as a profitable automotive model with its smartphone enterprise nonetheless reeling from US commerce sanctions?

  • Huawei wants to search out new income drivers after its as soon as profitable smartphone enterprise was hobbled by US commerce sanctions
  • Good autos is one space that Huawei has chosen to pursue, betting by itself working system and clever automotive options

At its Good Life showroom in downtown Shenzhen, Huawei Applied sciences Co shows the whole lot from tablets to hoover cleaners because it seeks to woo shoppers in China’s southern tech hub.

However essentially the most eye-catching providing from the Chinese language know-how big is a navy blue sport-utility car, the Aito M5, which Huawei launched final week

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