Uber’s Underwhelming IPO, Lyft Earnings and More Car News This Week

Finally, after much ink spilled and many hours prognosticating, it happened: Uber started trading on the stock market. On Friday, after Uber execs rang the bell at the New York Stock Exchange, it was off to the races, and… not the greatest news for Uber. Instead of popping, Uber trended down for much of the day, ending nearly 8 percent below the $45 IPO price. The big question for potential buyers: Is Uber even a functional business yet? Or will it have to pull off the tricky task of building autonomous vehicle tech and putting its human drivers out of work to reach profitability? (Not coincidentally, some of those drivers went on strike this week to demand better wages and …