Carvana shares plummet 14% after report by short seller Gotham
Firm questions related-party arrangements as online auto dealer surged in profitability
Firm questions related-party arrangements as online auto dealer surged in profitability

Regulator’s planned climbdown follows lobbying by banks and car groups with in-house lenders

Detroit-based carmaker says it ‘proactively reduced EV capacity’

Detroit carmaker has secured a $3bn credit line to prepare for rising cash pressure

Loans trade at distressed levels after ‘chaotic’ selling as investors brace for tricky restructuring

Manufacturers rethink US strategy in pivot back to petrol and hybrids

One credit investor says it is unclear who will be luxury-car maker’s latest ‘white knight’