We can understand people buying cars in boring colors in an attempt to preserve their resale value, but come on. That’s nothing more than a race to the bottom where everyone drives the same greige car and loses it constantly in the parking lot. In fact, the number of people who all drive cars with … Read more
By Bloomberg Published Mar 29, 2024 The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship … Read more
Matches has laid off almost half its staff — 273 people — as it trades through administration while a buyer is sought by insolvency specialist Teneo. The company had employed 533 people in its three London stores and at its HQ from where it sells to consumers in 170 countries. Matches Benji Dymant, joint administrator, … Read more
Photo: Honda 2023 was a banner year for Honda’s hybrid lineup. Despite the brand’s only hybrid offerings being the Accord sedan and CR-V crossover, hybrids made up 25 percent of Honda’s total sales for the year, and those hybrid variants were more than 50 percent of each model’s individual sales totals. To capitalize on that … Read more
Photo: Honda After discontinuing the Civic-based Insight following the 2023 model year, Honda has been left with just two hybrid models on sale, the Accord and the CR-V. Despite the lack of model variety, it turns out those two remaining hybrids are a huge boon for Honda, as they both made up 25 percent of … Read more
Photo: Acura Honda is recalling 2.6 million Honda and Acura vehicles in the U.S. because of a fuel pump defect that could cause the engine to stall while driving. In a statement, the automaker said it hasn’t received any reports of crashes or injuries related to the issue, which is always a good thing. Honda … Read more
