Online car seller gives an inside look at the pandemic’s most popular path to going public

Shift Technologies Inc. Chief Executive George Arison didn’t even know what a SPAC was until last year. Now, his San Francisco-based online marketplace for used cars is hopping aboard the blank-check train on its way to becoming public. 

Special-purpose acquisition companies, also known as SPACs or blank-check companies, have been around for decades, but have made a big comeback this year amid the pandemic, thanks to low interest rates and stock-market volatility. Sports-betting operator DraftKings Inc.
DKNG,
 electric-vehicle maker Nikola Corp.
NKLA,
electric-truck powertrain maker Hyliion Holdings Corp.
HYLN
and space-flight company Virgin Galactic Holdings Inc.
SPCE
are among the companies that have gone public via the SPAC route. 

SPACs raise money in an initial public offering, then look to buy businesses, usually within a couple of years. When a SPAC finds a business and successfully negotiates the transaction, the two merge and the acquired business becomes publicly

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Prime Day 2020 deals available right now: $25 Blink Mini, $20 Echo Auto, $300 Toshiba 55-inch TV

This story is part of Amazon Prime Day, CNET’s guide on everything you need to know and how to make sure you get the best deal.

Amazon Prime Day 2020 officially launches in just a few days. Unofficially, though? The long-awaited sales event is happening right now, as Amazon has been trotting out early deals since last week. The two-day shopping event, which is essentially Amazon’s version of Black Friday, kicks off at midnight PT on Oct. 13 and runs through Oct. 14. But some deep discounts on popular products, including TVs, phones, and other devices, have already debuted. You can also check out our preview of what’s coming next week.

I’ve got to say, there are some solid deals queued up, with some products (including those in the Amazon product arena) marked down to their lowest prices ever. A few notable highlights:

  • Echo
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Tesla Model 3 Price Too High? Dirt-Cheap Used Electric Cars Can Be Good Deals

The used EV has arrived.

It was only nine years ago that the first won’t-break-the-bank electric cars arrived.

Those non-Tesla EVs — like the Nissan Leaf and Chevy Volt — weren’t priced at $80,000 like the Model S and the first- and second- generations of those cars have been hitting the used car market over the last several years.

And with a Long Range 2020 Tesla Model 3 starting at about $47,000, “dirt cheap” for an EV is anything under $20,000.

A couple of the better sites for used EVs are MYEV and CarGurus.

Most of the used EVs cited below are first- and second-generation electrics that were sold roughly between 2011 and 2017.

Note: all prices are based on a used vehicle

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1990 Ford Mustang GT Convertible

⚡️ Read the full article on Motorious

With just over 16,000 miles, this is likely the closest you will ever get to owning a brand new Fox-body Mustang. It’s like it’s 1990 all over again.

The late 1980s and the early 1990s were a great time for car enthusiasts. Horsepower was once again relatively cheap and plentiful. This time, though, it was paired with reliability and fuel economy. Thanks, fuel injection!

Image Via Speed Digital LLC
Image Via Speed Digital LLC

The 1990 Ford Mustang GT convertible seen here is a great example of the breed. With just 16,000 miles, it looks almost new. Its price, though – just under $13,000 – is still very reasonable.

We don’t usually like to make these sorts of predictions, but with prices steadily increasing on 1980s and 1990s cars, this could be a good investment. The only trouble is the overwhelming temptation to drive the wheels off of

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Goyal holds meet to boost automobile loading through Rly

Railways Minister Piyush Goyal on Saturday met automobile Industry leaders to give boost to automobile loading through Railways.

Representatives of SIAM (Society of Indian Automobile Manufacturers), Tata Motors, Hyundai Motors, Ford Motors, Mahindra and Mahindra, Honda India, and Maruti Suzuki Ltd, The Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), attended the meeting and lauded  the initiative and committed to work in partnership with Indian Railways to facilitate transportation of automobiles through railways.

“Indian Railways is attaining new heights in transportation of automobiles. The total loading of automobiles through Railway was only 429 rakes in 2013-14, which has increased to 1,595 rakes 2019-20. And in the first six months of the current year (Apr to Sep), Indian Railway has loaded 836 rakes of automobiles against 731 rakes in the previous year (despite almost negligible loading in the first two months),” the ministry said in a statement.

Railways are

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Audi says plant in Mexico remains open, debt dispute denied by company

MEXICO CITY (Reuters) – A Mexican auto plant belonging to German carmaker Audi NSUG.DE remains open and did not close following a dispute over unpaid bills that the firm denies, as was reported by local media, an official with the company told Reuters on Saturday.

The plant is located in the central state of Puebla. Media had reported officials from the local municipality shut the facility on Friday after several hours of failed talks to resolve a dispute over an alleged 90 million pesos ($4.3 million) in outstanding debts on items including local property taxes and water bills.

“There was never any closure,” said Christine Kuhlmeyer, a communications official with Audi Mexico.

“We comply on time with our obligations,” she added.

Asked about the figures circulating in local media about the allegation of unpaid debts, Kuhlmeyer said she could not comment on any specific amounts, but said plant representatives would

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FinTech, Automotive AI, and More in This Week’s Top Mobile ID Stories

FinTech, Automotive AI, and More in This Week's Top Mobile ID Stories

It’s been another rich and varied week in Mobile ID World news, and that’s reflected in this week’s roundup of our most popular stories.

The emerging biometric payment cards market made an appearance, thanks to news from IDEMIA. This week the identity and security giant announced the launch of its Global FinTech Accelerator Card Program, which is aimed at helping its partners to develop their various card solutions and get them to market:

IDEMIA Launches Accelerator Program to Help FinTechs Ramp Up Card Production

Readers also showed interest in next-gen connected car tech this week, as Cerence Inc. celebrated its first birthday. A specialist in conversational AI systems designed specifically for automotive applications, Cerence spun off from its former parent company, Nuance Communications, last October, and has made a lot of progress in the ensuing months:

Cerence Celebrates First Year as Independent Company

Meanwhile, in the world of

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Goyal meeting with Automobile Industry leaders gives boost to Automobile loading through Railways

New Delhi, Oct 10 (UNI) Railways Minister Piyush Goyal on Saturday met who’s who of the Automobile Industry leaders to give boost to Automobile loading through Railways.

At the meeting, Representatives of SIAM (Society of Indian Automobile Manufacturers), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, The Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), who were all part of the meeting, lauded the initiative and committed to work in partnership with Indian Railways to facilitate transportation of automobiles through Railways.

The total loading of automobiles through Railway, which was only 429 rakes in 2013-14, has increased to 1,595 rakes in 2019-20. And in the first six months of the current year (Apr to Sep), Indian Railway has loaded 836 rakes of automobiles against 731 rakes in the previous year (despite almost negligible loading in the first two months).

Railways is

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Railways aims to achieve a modal share of Automobile loading to 20% by the end of 2021-22, and a modal share of 30% by 2023-24 – Odisha Breaking News | Odisha News | Latest Odisha News

New Delhi: Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal met who so who of the Automobile Industry leaders to give boost to Automobile loading through Railways.

Representatives of SIAM (Society of Indian Automobile Manufacturers), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, The Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), who were all part of the meeting, lauded the initiative and committed to work in partnership with Indian Railways to facilitate transportation of automobiles through Railways.

Indian Railways is attaining new heights in transportation of automobiles. The total loading of automobiles through Railway was only 429 rakes in 2013-14, which has increased to 1,595 rakes 2019-20. And in the first six months of the current year (Apr to Sep), Indian Railway has loaded 836 rakes of automobiles against 731 rakes in

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Amazon reveals upcoming smart home, electronics discounts

Amazon is already offering some early discounts ahead of next week’s Prime Day 2020 sales, but the e-commerce giant gave us a preview of its upcoming sweet deals late Thursday.  The sales will run Oct. 13-14 sales, and you’ll need to be an Amazon Prime subscriber to take advantage of most Prime Day deals.



a screen shot of a computer: Amazon gave us a preview of its upcoming Prime Day deals. Angela Lang/CNET


© Provided by CNET
Amazon gave us a preview of its upcoming Prime Day deals. Angela Lang/CNET

As is usual for Amazon’s Prime Day and Black Friday sales, the headline discounts are deep discounts on Amazon’s own devices — everything from Alexa smart speakers to , albeit with some caveats. For instance, the Echo Dot speaker is marked down to just $19 — that’s 60% off its sticker price and more than 50% off the price it’s currently selling for — but it’s the third-generation “puck” model, not the new 2020 spherical design. The Echo

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