General Motors Co.’s redesigned full- size pickups are bolstering analysts’ confidence that the automaker’s shares will keep climbing after topping their initial public offering price for the first time in two years.
Elon Musk was fresh off the sale of PayPal and starting another business, commercial rocket service Space Exploration Technologies Corp., when he met kindred spirit JB Straubel. Their shared belief that consumer electronics advances could be applied to more earthly modes of transport is a cornerstone of Tesla Motors Inc.
Detroit bonds trading at 91 cents on the dollar are still too costly for municipal investors after the city’s emergency manager said the U.S. auto industry’s capital may run out of cash and consider cutting debt payments.
One of the first things Dan Akerson did as chief executive officer of General Motors Co. in 2010 was dive into the automaker’s telecommunications business to get more profit from that in-car connection.
Corporate jargon has now given us the term “hive mind,” which expresses the belief that a group of individuals working in proximity can achieve a sort of critical mass that will generate more and better ideas than an individual working alone could. Many businesses in Silicon Valley seek to foster this creative environment.