Recent News

Uber prices IPO at $45 a share, at low end of range

Uber, in one of the most high-profile U.S. listings since Facebook's IPO seven years ago, raised $8.1 billion in adopting a risk-averse stance with its equity market debut. The IPO comes against a backdrop of turbulent financial markets and the plunging share price...

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GM-Workhorse talks for Lordstown raise questions

While a deal, which remains far from complete, would keep jobs at the massive Ohio factory, the staffing would be a fraction of GM's 1,400 hourly workers on one shift. GM employed 4,500 people there a few years ago.  ... Read More »

Washington state reinstates EV tax breaks

Washington state, hoping to put 50,000 clean-fuel vehicles on roads by 2020, is reinstating tax breaks for electric and alternative-power vehicles and plans other incentives to spur demand, notably among the state's low-income residents. ... Read More »

Bill Ford: ‘Very pleased’ with recent stock performance

Ford's leadership defended the company's actions during CEO Jim Hackett's first two years on the job, saying 2019 will be proof they've made the right choices. ... Read More »

Carvana Q1: Accelerated Growth Accelerates Losses

Carvana’s first-quarter results include triple-digit gains in net revenue and consumer-sourced inventory, but losses continue to mount, growing 57% to $82.6 million year-over-year. ... Read More »

AAA: EV Awareness Gap Slows US Adoption

Despite a proliferation of new models, a survey of U.S. consumers finds only 40% believe most vehicles will be electric 10 years from now, a result AAA analysts say reveals a ‘lack of knowledge’ in how EVs perform in day-to-day driving conditions. ... Read More »

Toyota, Panasonic will establish joint venture for ‘connected’ homes

Toyota and Panasonic plan to expand their partnership to establish a joint venture to develop "connected" services to be used in homes and urban development. The companies have already announced plans to cooperate on building EV batteries. ... Read More »

Promising practices and lessons learned for Child Savings Account programs

The Bureau is engaged in building the capacity of child savings programs by releasing four briefs geared toward institutions and communities interested in starting, or expanding child savings opportunities. ... Read More »

Automakers expect White House to delay decision on auto tariffs

Administration officials say Trump could still opt to impose the tariffs by May 18 but believe that after a series of investment announcements by automakers, he will likely delay the tariffs amid a trade battle with China. ... Read More »

GM to add 450 jobs at three Ohio plants

GM said the $700 million in investments will expand powertrain and stamping operations in Toledo, Parma and Moraine, creating more than 450 manufacturing jobs. ... Read More »