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Cars.com was included in the spin-off of Gannett's broadcasting properties as Tegna, Inc. On May 4, 2017, Tegna shareholders approved a plan to spin off Cars.com as a new, publicly traded company; they received a share of the new company, which began trading on the NYSE beginning on June 1, 2017, for every 3 Tegna shares they owned. [15] [16]
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
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The Ideal Motor Car Company, organized in June 1911 by Harry C. Stutz with his friend, Henry F Campbell, began building Stutz cars in Indianapolis in 1911. [2] They set this business up after a car built by Stutz in under five weeks and entered in the name of his Stutz Auto Parts Co. was placed 11th in the Indianapolis 500 earning it the slogan "the car that made good in a day".
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The ...
Stutz retreated to Orlando, Florida, in 1925, leaving his car and fire engine businesses to flounder. The next year H. C. S. Motor Car Company was placed in a trust for creditors under the management of Harry's one-time assistant (1920-1925), Charles Merz, an engineer and former race driver. The company was liquidated in 1927. [13] [14]