Lyft shares soar on Nasdaq debut, setting stage for Uber
LOS ANGELES/NEW YORK (Reuters) – Lyft Inc’s shares rose as much as 23 percent in their market debut on Friday, amid strong investor demand for the ride-hailing service that bodes…
Lyft valued at $24.3 billion in first ride-hailing IPO
(Reuters) – Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to…
Nissan committee says facts point to legal violations by former chairman Ghosn
YOKOHAMA, Japan (Reuters) – An external committee reviewing governance at Nissan Motor Co said on Wednesday there were enough facts to suspect violations of laws and the private use of…
Tesla’s Elon Musk, SEC to face off in U.S. court on April 4
NEW YORK (Reuters) – Lawyers for Elon Musk and the U.S. Securities and Exchange Commission will square off in a Manhattan courtroom next week over whether the Tesla Inc chief…
Musk’s lawyers say U.S. SEC has not met heavy burden to show contempt
FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test…
GM to announce $300 million investment in Orion EV/AV plant
(Reuters) – General Motors Co will announce on Friday plans to invest $300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker’s…
BMW, Mercedes-Benz lower prices in China after VAT drop
FILE PHOTO: BMW cars are seen at the automobile terminal in the port of Dalian, Liaoning province, China January 9, 2019. Picture taken January 9, 2019. REUTERS/Stringer SHANGHAI (Reuters) –…
Elon Musk’s defense of his Tesla tweet will get SEC response
(Reuters) – The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk’s arguments that his Twitter post about…
Musk says $35,000 Model 3 to reach volume production mid-year
SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to…
U.S. agency probing two fatal Tesla crashes in Florida since last Sunday
WASHINGTON (Reuters) – U.S. authorities are investigating a fatal Tesla Inc Model S crash in Florida last Sunday that killed the driver and caused a massive fire, the second fatal…