United StatesAuto And Cars

Blockchain-based ride-hailing app TADA is preparing to launch in New York City, aiming to challenge traditional platforms with a zero-commission model for drivers.

TrueCar (NASDAQ:TRUE) announced Tuesday that its stockholders have overwhelmingly approved the company’s acquisition by Fair Holdings at a special meeting.

The all-cash transaction, led by TrueCar’s original founder Scott Painter, will take the automotive digital marketplace private in a deal valued at approximately $227 million.

Under the terms of the agreement, TrueCar stockholders will receive $2.55 per share in cash upon closing.

This represents a substantial 72% premium over the company’s closing price on October 14, 2025, the day before the initial announcement.

The deal’s approval follows strong support from major institutional investors and positive recommendations from leading proxy advisory firms ISS and Glass Lewis.

The acquisition marks a full circle for Scott Painter, who founded TrueCar in 2005.

Painter is slated to return as Chief Executive Officer upon the deal’s completion, with a mandate to refocus the platform on profitable growth and deeper integration with its network of over 8,500 certified dealers.

The transaction is expected to close in January 2026, pending the satisfaction of remaining customary closing conditions.

Zeekr Group (NYSE:ZK) has announced the completion of its merger with Keystone Mergersub, an indirect wholly-owned subsidiary of Geely, effective December 22, 2025.

FreightCar America (NASDAQ:RAIL) completed the acquisition of Carly Railcar Components on Monday, a strategic move designed to accelerate the expansion of its high-margin aftermarket business.

Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT) are joining forces with Chinese tech giant Baidu (NASDAQ:BIDU) to launch driverless taxi trials in the United Kingdom next year, a strategic pivot that intensifies the global race to commercialize autonomous mobility.

Autozi (NASDAQ:AZI) today announced that strategic investor CDIB has confirmed an initial equity investment of $90 million at $3.50 per share.

Winnebago Industries (NYSE:WGO) reported strong results for the first quarter of fiscal 2026, ending November 29, 2025, with solid top-line growth, improved margins, and significantly stronger cash flow compared to the prior year.

Fly-E (NASDAQ:FLYE) reported its unaudited financial results for the second quarter (Q2) and first half (H1) of fiscal year 2026, showing a significant year-over-year decline in revenues, with Q2 net revenues dropping 42.7% to $3.9 million.

SunCar Technology (NASDAQ:SDA), a leading player in the auto insurance and technology services sectors, has reported strong third-quarter 2025 results, with revenue rising 6% to $115.8 million. The company returned to profitability, posting net income of $1.4 million, a significant turnaround from a loss of $1.4 million in the same period last year. Adjusted EBITDA soared by 128% to $4.9 million, reflecting improved operational efficiency and strong business performance.

CarMax (NYSE:KMX) reported mixed third-quarter results for the period ending November 30, 2025.

Retail used unit sales decreased by 8%, and comparable store used unit sales dropped 9%.

China Automotive Systems (NASDAQ:CAAS) announced that its subsidiary, Hubei Henglong, has won a contract to supply its column-assist electric power steering (C-EPS) system for a new South American vehicle platform.