As a two-time Toyota buyer, Ashley Potts didn’t even think to look at a Chevrolet when she began shopping for a small car with better fuel efficiency.
TrueCar Inc., the auto-buying website, raised $70 million in its initial public offering, pricing the shares below the marketed range.
General Motors Co., reiterating that it expects to break even in Europe by mid-decade, reported losses in the region that more than doubled last year compared with 2011 and said the market will fall further in 2013.
TrueCar Inc. is seeking to raise as much as $108.9 million in an initial public offering of the auto-buying Website.
Taking Stock: Millennials Represent 25% of New Car Market
Taking Stock: Krafcik Says U.S. Spends $520 Billion New Cars