American car companies sold more vehicles in 2015 than ever before, with sales boosted by low gas prices and a recovering economy — a remarkable turnaround from the recession years. But at the same time, GM is placing a bet on the industry's next phase: It has announced an investment of $500 million in Lyft, the No. 2 car-hailing service (after Uber). This is the first time a car company has directly invested in either Lyft
Something historic happened on New Year’s Eve in Texas. Less than two weeks after lawmakers lifted a 40-year ban on exporting U.S. oil, the first tanker of crude left Corpus Christi headed for a Swiss refinery. But considering that the United States is a net importer of crude, why export anything at all? Smith School professor Charles Olson, a longtime energy industry executive, explains.
Evan Lutz, a 2014 alumnus of the University of Maryland’s Robert H. Smith School of Business, is scheduled to appear on ABC’s Shark Tank on Jan. 8, 2016, to pitch Hungry Harvest, a company that ships surplus produce destined for waste to local families and businesses. Shark Tank is a reality television show where budding entrepreneurs pitch their business ideas to a panel of high-powered investors.
It's unpopular. It's vilified. It's money. Winter commencement speaker Billy Greenblatt ’79 shares four tenets of money learned from his grandmother, who was widowed at age 28. “She instilled a value system about working hard and helping others,” says Greenblatt, the founder and chairman of background screening company Sterling Infosystems and a member of Smith’s Board of Advisors.