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Lyft IPO Sets Market Value of $24 Billion
3/29/2019Ride-hailing service Lyft Inc. will begin trading shares today on the Nasdaq exchange at $72 per share.
Fiat 500 Will Go All-Electric in 2020
3/29/2019Fiat Chrysler Automobiles NV says it will transform the Fiat 500 city car into an electric-only luxury model in 2020.
U.S. Fourth-Quarter Growth Gets a Downward Tweak
3/29/2019The U.S. gross domestic product grew 2.2% in the fourth quarter of 2018, down from an initial estimate of 2.6%, the Dept. of Commerce says.
Stuttgart Will Ban Most Diesels on April 1
3/28/2019Stuttgart, Germany, will begin banning older-generation diesel vehicles—including those owned by its own residents—on April 1.
Ford Analytics Guru to Leave
3/28/2019Paul Ballew, who heads Ford Motor Co.'s data and analytics teams, is leaving the company on April 5.
Porsche Powers Up Its Taycan EV
3/28/2019Porsche AG’s upcoming Taycan electric sedan will be available with at least three power variants, Autocar reports.
Ford to Unveil 2020 Escape/Kuga Crossovers Next Week
3/28/2019Ford Motor Co. will take the wraps off the redesigned Escape small crossover vehicle and its Kuga European variant next week.
Opel to Cut 350-400 Jobs in Austria
3/28/2019PSA Group’s Opel unit will eliminate as many as 400 jobs—one-third of the workforce—at its powertrain plant outside Vienna, Austria.
Mazda6 Drops Manual Transmission
3/28/2019Mazda Motor Corp. is discontinuing the manual transmission option on the Mazda6 midsize car in the U.S.
VW, Ford to Develop Next-Gen Amarok Pickup
3/28/2019Volkswagen AG reports it has signed a deal with Ford Motor Co. to develop the successor to the German carmaker’s Amarok midsize pickup truck.