Hints and tips:
...Carvana was built out of DriveTime, an Arizona used-car business owned by Ernie Garcia II, and pitched itself as the digital disrupter of anachronistic used-vehicle dealerships....
...May sales of passenger vehicles (PV) there were up 9% MoM & for the first time showed YoY growth in 22 months of 7%. Thus in the 2 biggest auto markets, there are signs of V-shaped recovery....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...The winners, aside from hedge funds that bet against the subprime bonanza, will probably be companies that sat on large cash hoards and the deal sidelines during the “golden age” of private equity....
International Edition