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At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. But the seeming oversupply was not a mistake. Despite plummeting sales at his store, Prestige Motor Works, Tovstanovsky was betting on a recovery, buying dozens of …
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General Motors is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment that includes customers such as Amazon and UPS, five people familiar with the plans told Reuters. That multibillion-dollar strategy could enable GM, Ford and at least two EV startups to build and …
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The billionaire founder of electric-car startup Faraday Future — who boldly challenged Tesla with a far-out car design in 2015, only to file for personal bankruptcy last fall — said Friday his Chapter 11 restructuring plan has won court approval. The nod from a federal bankruptcy judge is a win for Faraday Future’s ex-chief executive …
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The Academy Museum is now the proud owner of Florence Pugh’s iconic floral dress from “Midsommar.” The organization behind the Oscars was the highest bidder in an auction held by A24, with proceeds going to coronavirus relief efforts. The final bid went for $65,000, per A24’s website, though the Academy Museum declined to confirm the …
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Brad Pitt surprised graduating seniors at Missouri State University with a special video message from quarantine. The video was posted on MSU’s Twitter feed and starts with the university’s president, Clif Smart, alongside mascot, Boomer the Bear, saying he had special guest to deliver a message to students of the class of 2020, who were …
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We might have to wait a little longer to find out who’s in the envelopes next year. The Academy of Motion Picture Arts and Sciences is considering pushing back the 2021 Oscars, according to Variety. “It’s likely they’ll be postponed,” a source told the industry pub. However, the insider added that there has been no …
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Worldwide car registrations are set to fall this year as the coronavirus pummels the automotive sector, but gas guzzlers will find themselves taking a bigger hit than electric cars, according to a report. Registrations of combustion-engine cars will drop 23 percent in 2020, while electric car registrations will dip by 18 percent, according to analysts …
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Hertz Global Holdings wants to keep its business in Europe solvent as it prepares for a possible bankruptcy filing in the US, The Post has learned. The struggling car-rental giant backed by billionaire Carl Icahn on Friday asked lenders to its European division, which represents about 20 percent of sales, to sign a waiver by …
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“Jay Leno’s Garage” returns May 20 on CNBC (10 p.m.) — with all-new episodes, celebrities and wild car rides. Guests include Adam Carolla, Matt LeBlanc, Rob Riggle, Tim Allen, Fabio and Elon Musk — who took Leno for a drive he won’t soon forget. “He was terrific,” Leno tells The Post about Musk, the billionaire …
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The novel virus is bringing back retro fun. Drive-in theaters may call to mind a bygone era of 1950s Americana, but the nostalgic setup is having a comeback due to the coronavirus. Now, theaters like Astoria, Queens’ Bel Aire Diner have recently started hosting pop-up drive-in movies in their adjacent parking lots — and the initiative …
At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. But the seeming oversupply was not a mistake. Despite plummeting sales at his store, Prestige Motor Works, Tovstanovsky was betting on a recovery, buying dozens of …
