What Uber Really Gets From Selling a $1 Billion Stake

There’s more going on under the hood of a consortium’s planned $1 billion investment in Uber Technologies Inc.’s self-driving car unit than immediately meets the eye. Softbank Group Corp.’s Vision Fund and other investors are set to pump that amount into the division at a valuation of between $5 billion and $10 billion. It’s almost […]

• Bloomberg News
• March 14, 2019
• Innovation & Mobility, Technology

Trump Car Tariffs Would Hurt Global Growth, EU’s Malmstrom Warns

U.S. tariffs on car imports would deal a blow to the global economy and Europe will retaliate if they’re imposed, European Trade Commissioner Cecilia Malmstrom said. “It would be very harmful for our economy, it would be harmful for the global economy, and it would be harmful for the U.S. economy, because many cars are […]

• Bloomberg News
• March 8, 2019
• Risk

PSA Group Plots Comeback in North America With Peugeot Cars

With the auto industry in retreat and U.S. President Donald Trump threatening new tariffs on European cars, France’s PSA Group is stepping into the fray with a plan to re-enter North America with the Peugeot brand. A quarter century after the manufacturer quit selling cars in the U.S., the world’s second-biggest market, Chief Executive Officer […]

• Bloomberg News
• February 26, 2019
• Operations, Strategy

How Frightening Are Subprime Auto Loans?

One of the lasting legacies of the financial crisis is the market’s tendency to take any sign of bad news and frame it in the context of 2008. Collateralized loan obligations, for instance, have been deemed scary because of similarities to the collateralized debt obligations that were riddled with bad mortgages. Now, auto loans are under the microscope. […]

• Bloomberg News
• February 20, 2019
• Capital Markets, Risk

Trump Receives Report on U.S. Security Threat of Car Imports

President Donald Trump has received the findings of a probe into whether imported vehicles pose a national security threat, which could lead the U.S. to impose tariffs. Commerce Secretary Wilbur Ross has submitted his recommendations to Trump, the department said in a statement on Sunday in Washington, without offering any insights into the findings. Trump […]

• Bloomberg News
• February 18, 2019
• Operations, Sales & Marketing

Fed Won’t Tap Brakes Until It’s Ready for a Recession

Federal Reserve watchers have spent the better part of a decade arguing about what policy normalization should look like. Last week, in response to events over the past few months, the Fed declared monetary policy more or less normalized. With the Fed seemingly out of the picture for the time being, if the economy cooperates, […]

• Bloomberg News
• February 4, 2019
• Risk, Strategy

Fed’s Dovish Pivot Flattens Remaining Rate-Hike Expectations

Chairman Jerome Powell signaled the Federal Reserve won’t raise interest rates again until inflation accelerates in a dovish pivot that left many investors betting against any further hikes in this economic expansion. Not only did central bankers drop a reference to “further gradual increases” in their statement on Wednesday, they implied the next move could […]

• Bloomberg News
• January 31, 2019
• Risk, Strategy

Mnuchin Signals Chance to End China Tariff War Ahead of Talks

U.S. Treasury Secretary Steven Mnuchin said that if China presents enough trade concessions to President Donald Trump, there is a chance that the administration may seek to lift all tariffs. “Everything is on the table,” Mnuchin said early Tuesday during an interview on Fox Business News “Mornings With Maria” program. The Treasury chief is set […]

• Bloomberg News
• January 29, 2019
• Capital Markets, Risk