Holding on longer to your family car? Waiting for a better time to trade it in for a new vehicle? You’re not alone as a new report by S&P Global Mobility says the average age of U.S. cars and light trucks rose this year to a record 12.6 years. It shows Americans are holding …
May 23, 2024 archive
Canoo expands markets but still struggles for cash
Leadership at electric vehicle maker Canoo are banking on contracts with the U.S. Postal Service and entering the car market in Saudi Arabia will improve the company’s finances. In the past week, Canoo filed a report with the Securities and Exchange Commission showing a net loss of nearly $111 million in the first quarter of …
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