Day: November 9, 2021

CARS Closes Acquisition of CreditIQ Automotive Fintech Platform, Enabling Instant Financing for Consumers, Dealers And Lenders

Published: Nov. 9, 2021 at 5:30 AM MST|Updated: 9 hours ago

CHICAGO, Nov. 9, 2021 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“CARS” or the “Company”), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, has closed the acquisition of CreditIQ, announced last week. CreditIQ is a cutting-edge automotive fintech platform that provides instant online loan screening and approvals to facilitate online car buying.

(PRNewsfoto/Cars.com Inc.)
(PRNewsfoto/Cars.com Inc.)

Cars.com paid $30 million at the closing on November 5, 2021, which was funded using cash on hand. There may be future payments of up to an additional $50 million in performance-based cash consideration to be earned over the next three years.

“The acquisition of CreditIQ technology facilitates CARS’ entry into the rapidly-growing, multi-billion dollar Auto Finance market, expanding our TAM beyond the $35 billion Auto Advertising and Dealer Technology markets we operate in

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Developing Today’s Race Cars in a 123-Year-Old Tunnel

Photo credit: Charlie Magee - Car and Driver

Photo credit: Charlie Magee – Car and Driver

From the December 2021 issue of Car and Driver.

Understanding how cars move through air is crucial to automotive design. Wind tunnels, rooms with a controlled airflow to help measure and visualize aero action, have been around for more than a century. Automakers have increased their size and added a rolling road (a treadmill-like floor) in an attempt to replicate real-world movement. But a lab is, and always will be, a stand-in for the real thing.

Rob Lewis, an aerodynamicist who has worked on Formula 1 cars and Olympic bicycles, is a founder of TotalSim, a computational-fluid-dynamics company in the U.K. He was frustrated by the limitations and costs of the tunnel facilities, finding them to be outside the working budgets of most small companies and racing teams. Testing at such places could rack up $50,000 a day in rental

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21 Window Double Slider 1967 VW Type 2 Bus Up For Grabs

⚡️ Read the full article on Motorious

It’s looking to join your psychedelic collection.

The media have virtually immortalized the Volkswagen Bus via movies and TV shows such as “The Bus” and “Cars.” This star power has led to an entire generation of people who dream of owning one of these classic busses for themselves one day, as it perfectly epitomizes the “hippie” aesthetic. In addition, the highly open interior created a trend known as “Van-Life,” where teens would live a very nomadic lifestyle, living anywhere they choose. Others still used the Bus for camping or weekend trips with their family or friends. This vehicle, in particular, is a perfect example of that focus on freedom and independence.

Powering this bouncing Bus is a 1.5-liter four-cylinder boxer engine that produces more than enough power for all of your people hauling needs. The exterior is a blue and white two

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