business

Claire Yubin Oh & David Crowther8/21/25

After an insane ride, Carvana is finally back on top — now Amazon is muscling further into its territory

Whatever industry you’re in, whether it’s beauty or electronics, toys or groceries, there’s one phrase you never want to hear: Amazon is getting into your line of business.

So, on Wednesday, when car rental company Hertz announced that it will be selling its cars through Amazon’s automotive retail platform Amazon Autos in selected cities, it’s no surprise that investors touched the brakes on online used car retailer Carvana, which dipped ~2% the day after the news broke.

For Hertz, which changes some 80% of its core rental fleet in the US within a year, the deal is a way to find extra buyers for its 500,000-plus fleet of used vehicles. Now, sites like Carvana will have to compete against the Amazon network for Hertz’s supply.

Speed bumps

Known for its car vending machines, Carvana has more than a few scars from its time as a public company. Technically, anyone who backed Carvana since its IPO has been rewarded handsomely — but the journey’s been anything but smooth.

Carvana journey — Sherwood News

From a pandemic boom — when everyone wanted to invest in the “Amazon of cars” — to nearly going bankrupt in 2022, to raking in a better-than-expected record $4.8 billion in revenue in the latest quarter, Carvana is keeping the roller-coaster stock analogy alive. After an ill-timed, debt-heavy acquisition, the company nearly buckled under the pressure of higher interest rates, as sales started to go backward and costs mounted.

Since then, CVNA has rebounded a whopping 9,000% as it trimmed costs and slowly returned to growth, finally clawing its way to a fresh stock market high... Enter Amazon.

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Chris Stokel-Walker10/10/25

business

Max Knoblauch10/10/25

Ford joins GM in backing off of its EV tax credit extension plan following GOP criticism

Ford, despite benefiting from an electric sales surge in recent months, is giving up on a clever accounting plan to extend the expired $7,500 EV tax credit to some of its customers.

Like its rival GM earlier this week, Ford on Thursday night confirmed to Reuters that it will not claim the tax credit, backing off from its short-lived leasing strategy.

The automakers’ plan was to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots in late September. Those transactions would qualify for the credit, and Ford and GM could pass the discount on to customers through leases.

But the strategy angered GOP senators, who last week wrote a letter to Treasury Secretary Scott Bessent accusing the automakers of “bilking” taxpayers.

Ford CEO Jim Farley last month said he expects the end of the tax credit to cut EV sales in half.

Exclusive: Ford reverses plan to claim EV tax credits, following GM

Exclusive: Ford reverses plan to claim EV tax credits, following GM

The automakers’ plan was to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots in late September. Those transactions would qualify for the credit, and Ford and GM could pass the discount on to customers through leases.

But the strategy angered GOP senators, who last week wrote a letter to Treasury Secretary Scott Bessent accusing the automakers of “bilking” taxpayers.

Ford CEO Jim Farley last month said he expects the end of the tax credit to cut EV sales in half.

Porsche’s problems in China just keep getting worse

Sales in the region fell by more than a fifth in Q3.

Vintage Paint-Chipped Silver Porsche Speedster

Delta, boosted by premium ticket sales, says customers who go Comfort+ don’t go back

Delta’s third-quarter revenue beat Wall Street estimates on Thursday, led by 9% growth in its premium ticket category.

Delta Airlines empty plane interior

business

Tom Jones10/9/25

Domino’s just announced its first rebrand in 13 years — maybe a new, “doughier” font will help sales pick up

Shaboozey! Domino’s Sans! Hotter colors as a nod to the melty heat of a pizza pulled fresh from the oven!

In a buzzword-laden justification of its rebrand yesterday, Domino’s laid plain its new aesthetic direction, coined the term “Cravemark,” and announced it would be bringing the focus back to its food, having (at least in its executive vice president’s words) become known as “a technology company that happens to sell pizza” over the last decade.

It can’t go any worse than Cracker Barrel’s refresh efforts, at least...

The raft of changes, which will roll out across the US and other international markets in the coming months, includes a new “audio and visual expression” of the brand’s name (throwing a few extra M’s on the boxes and getting country/hip-hop artist Shaboozey to elongate the letter in a jingle); brighter packaging and hotter colors; “more youthful” team uniforms (company-color Salomons and an apron with “pizza is brat” on it, maybe?); and a new “Domino’s Sans” font, which is “thicker and doughier” and has circles and semicircles “in nod to pizza, with lots of personality baked right in!”

Domino’s is down about 2% so far this year.

Domino's® New Craveable Brand Refresh Makes You Say "Mmm" | Domino's Pizza

The raft of changes, which will roll out across the US and other international markets in the coming months, includes a new “audio and visual expression” of the brand’s name (throwing a few extra M’s on the boxes and getting country/hip-hop artist Shaboozey to elongate the letter in a jingle); brighter packaging and hotter colors; “more youthful” team uniforms (company-color Salomons and an apron with “pizza is brat” on it, maybe?); and a new “Domino’s Sans” font, which is “thicker and doughier” and has circles and semicircles “in nod to pizza, with lots of personality baked right in!”

Domino’s is down about 2% so far this year.

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