The SPACs Shift Technologies and Carlotz are already dead. Carvana is still out there, after its distressed debt exchange.
By Wolf Richter for WOLF STREET.
In an SEC filing and an announcement on its website Monday evening, Vroom Automotive said that it shut down as used vehicle dealer after Ally suspended its credit line. Vroom will no longer retail any of its vehicles. It will sell its inventory on the wholesale market. It will lay off most of its employees. It will…
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