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Uber Stock Keeps Falling After Stumbling Out of Gate

Uber Stock Keeps Falling After Stumbling Out of Gate

Ride-hailing leader Uber saw its shares, which hit the market last week, continue to fall today into the $37 range after stumbling out of the gate. Uber priced its initial public offering at the bottom end of the range at $45 per share after watching rival Lyft’s...
Product Launches Hammer FCA’s Q1 Earnings

Product Launches Hammer FCA’s Q1 Earnings

Fiat Chrysler Automobiles reported profits dropped 41% in the first quarter as a slump in sales in key markets cut the company’s revenues by 5 percent. The automaker attributed the decline to the normal production challenges related to an array of new product launches...
Drivers Warming to Arrival of Autonomous Vehicles

Drivers Warming to Arrival of Autonomous Vehicles

Automakers are investing billions of dollars into the research and development of autonomous vehicles with some already offering limited amounts of self-driving capability. However, is this what automobile owners really want? There is new evidence they’re quickly...
GM Declined Offer to Keep Lordstown Plant Open

GM Declined Offer to Keep Lordstown Plant Open

General Motors Co. could have avoided the latest round of flogging via Twitter from President Donald Trump about its Lordstown, Ohio plant if it had accepted an offer from one of its dealers. Cleveland-based dealer Bernie Moreno reportedly met with GM officials last...