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Uber Shares Slide in First Day of Trading
5/13/2019Shares in Uber Technologies Inc. slumped nearly 8% to $41.57 from a launch price of $45 on Friday, their first day of trading on the New York Stock Exchange.
FCA Faces Penalties of €1.8 Billion for Excess CO2 Emissions
5/13/2019Fiat Chrysler Automobiles NV expects to spend at least €1.8 billion ($2 billion) on regulatory credits and fines in Europe and the U.S. through 2021 because its new-car fleets won’t meet government limits for carbon dioxide emissions.
China’s BAIC Aims to Buy Stake in Daimler
5/13/2019Chinese carmaker BAIC Group intends to acquire 4%-5% of Daimler AG as a way to defend its investment in the company’s Beijing Benz Automotive venture with the German carmaker, sources tell Reuters.
U.S. Says Imported Cars Account for Half Its Trade Deficit
5/10/2019Imported cars account for half the overall U.S. trade deficit, according to Commerce Secretary Wilbur Ross.
No Progress on U.S.-China Trade Pact
5/10/2019U.S. and Chinese negotiators ended another round of high-level trade talks in Washington, D.C., on Friday with no discernable progress in ending the trade war between the two countries.
Calsonic, Magneti Marelli Merger Yields New Name
5/10/2019Marelli is the new name of the automotive partsmaking entity created by the merger of Japan's Calsonic Kansei Corp. and Italy's Magneti Marelli SpA.
Study: EV Concerns Wane, But Buyer Interest Remains Low
5/10/2019Concerns about an electric vehicle’s driving range, charging stations and costs continue to fall but are still significant enough that only one in six Americans expects that their next vehicle will be fully electric, according to a new survey by AAA.
Uber IPO Launches at $45 Per Share
5/10/2019Uber Technologies Inc. began trading shares today in an initial public offering that prices shares in the ride-hailing service at a relatively low $45.
Retail Car Sales in China Slide 17%
5/10/2019Retail deliveries of new passenger vehicles in China fell 17% to 1.54 million units last month, according to the China Passenger Car Assn.
Mazda Developing Inline-Six Engines
5/10/2019Mazda Motor Corp. is developing inline 6-cylinder diesel and homogeneous-charge-compression-ignition engines for fullsize rear-drive vehicles.