Auto

GM extends EV Bolt production halt to mid-October

General Motors Co (GM.N) said on Thursday it will extend a shutdown of a Michigan assembly plant to mid-October following a new recall of its Chevrolet Bolt electric vehicles over battery issues after 12 reported fires.

CEO’s dad gets a $3.6B stock windfall at Carvana

The company was founded in 2012 by Mr. Garcia’s son, Ernie Garcia III, inside his father’s chain of used-car dealers. Known for its car towers and home delivery, the online car dealer was spun off and taken public in 2017.

Used car prices slide for first time in 7 months

Used car prices fell for the first time in seven months in August, providing evidence that at least some of the recent inflation seen in the U.S. economy may be “transitory.”