equity

Cars

Nearly a third of Americans are in trouble on their car loans, with an average of more than $6,800 in negative equity

Parilov/Shutterstock Earlier this month, Jalopnik reported that nearly 25% of new car buyers opted for a 7-year (60-month) loan last quarter. This is the result of Americans being forced to find better ways to afford the transportation they desperately need as the average new car payment has

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Cars

Acquisition of Hondata by private equity

Engineered Performance Technologies Group acquired Hondata in May. Hondata offers Honda and Acura owners the ability to tune their engine control units. Engineered Performance Technologies Group already owned Cobb Tuning, PRL and Autometer. Sad news: Another aftermarket tuner has been purchased by private equity. Hondata, a company that provides Honda and Acura owners the ability

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Cars

Private equity is eating up the car modding industry

The biggest car news and reviews, no BS Our free daily newsletter delivers the stories that really matter straight to you every weekday. The growing influence of private equity. Engineered Performance Technologies (EPT) acquired Hondata, expanding its aftermarket car-parts empire. Possible change of Hondata. The acquisition promises to expand resources but raises concerns about corporate

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Cars

Jiffy Lube is sold to private equity in a $1.3 billion deal

The biggest car news and reviews, no BS Our free daily newsletter delivers the stories that really matter straight to you every weekday. You probably know someone who has a story about how Jiffy Lube did them wrong, and they vowed to never go back. Still, for better or worse, quick oil change shops like

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