Best Deal Auto Brokers - Latest News!

Stay Informed about the latest happenings in the automotive market.


Hertz lenders push alternate plan for bankruptcy exit, report says

Unsecured lenders want to convert their holdings into shares of the reorganized company, which could be traded publicly, Bloomberg reported. That would counter a plan to sell the car rental giant to two investment funds for as much as $4.2 billion.
Continue Reading the above article 'Hertz lenders push alternate plan for bankruptcy e...

ITC criticizes Ford for pursuing SK Innovation battery deals

The ITC questioned why the second largest U.S. automaker had continued to pursue battery contracts with SK Innovation "after SK's misconduct in this investigation had come to light." In a rebuttal, Ford said it was tied to SK as a battery supplier before any wrongdoing emerged.
Continue Reading the above article 'ITC criticizes Ford for pursuing SK Innovation bat...