Car shopping site CarGurus hires banks for stock offering, report says

CarGurus, a popular website where consumers go to browse cars, has tapped investment banks for an initial public offering later this year, people familiar with the matter told Reuters.

Hyundai sees Ioniq as a compact contender

Hyundai's Ioniq is the most fuel efficient car in the industry without a plug. But the automaker isn't aiming for just a bigger slice of the green-