Shift Technologies News Today

Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. The company said it is suspending all used car transactions through vroom.com and plans to sell off its used vehicle inventory to wholesalers. The company said it has not determined how much this wind down will cost, partly because of uncertainty on what its used vehicle inventory will sell for, according to the regulat...

The SPACs Shift Technologies and Carlotz are already dead. Carvana is still out there, after its distressed debt exchange. In an SEC filing and an…

Vroom is shutting down its online used car marketplace and laying off 800 workers as it tries to preserve two other ventures.

NEW YORK, Nov. 17, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the securities of Genesis Growth Tech Acquisition...

The Station is a weekly newsletter about the future of transportation. This week, learn about Uber, generative AI, Cruise and Waymo.

/PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Shift...

NEW YORK, Oct. 12, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor...

Shift’s decision to wind-down brings to an end a marriage that failed to improve the fortunes of it and CarLotz, both of which struggled after going public through ill-fated SPAC deals.

WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Shift Technologies, Inc. resulting from...

Shift Technologies, Inc., along with its 16 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of California Northern on October 9,...