Paul Tudor Jones pulled up Saturday night to the Creeks, Ron Perelman’s estate in East Hampton, squeezed into the back seat of a car with Glenn Dubin and their Nordic blonde wives in white slinky dresses.
General Motors Co., facing disappointing Chevrolet Volt sales, cut the starting price of the plug-in hybrid sedan by $5,000 to compete against the less- expensive and better-selling Toyota Prius and Nissan Leaf.
The head winds grew so intense during the 508-mile race through California’s Mojave Desert and Death Valley that Joshua Friedman told his teammates he thought he would be blown off his bike. Instead of tumbling down, the hedge-fund manager powered through his 86-mile leg of the Furnace Creek 508, showing little fatigue after he dismounted his bike.
Toyota Motor Corp., General Motors Co. and Ford Motor Co., the three largest sellers of autos in the U.S., reported bigger sales declines than analysts projected as the industry posted its worst August in 28 years.
General Motors Co. , Toyota Motor Corp. and Ford Motor Co. sales in February exceeded analysts’ estimates as rising consumer confidence boosted industrywide deliveries to the fastest pace in 18 months.