After Elon Musk let filmmaker Jon Favreau use his rocket factory to shoot some scenes for “Iron Man 2,” Favreau figured he owed his friend a favor. So he bought one of Musk’s cars.
TrueCar Inc., the auto-buying website, raised $70 million in its initial public offering, pricing the shares below the marketed range.
TrueCar Inc. is seeking to raise as much as $108.9 million in an initial public offering of the auto-buying Website.
Mark Fields will take the keys to a Ford Motor Co. that is lean, profitable and a far cry from the near-bankrupt carmaker taken over in 2006 by his predecessor, Alan Mulally.
TrueCar Inc., the online auto-buying service that’s planning an initial public offering, said board member John Krafcik, the former head of Hyundai Motor Co.’s U.S. operations, is now its president.