Stock Activity

U.S. Treasury to cut Ally stake

10:56 am U.S. ET | Aug. 14, 2014
The Treasury Department said it will cut its stake in Ally Financial by selling stock on the open market in its first divestiture since an initial public offering in April....
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Auto-paint supplier seeks $1 billion from IPO, report says

11:20 am U.S. ET | Aug. 14, 2014
Axalta Coating Systems, DuPont's former auto-paint unit, is working with Citigroup and Goldman Sachs on an initial public stock offering with hopes of raising $1 billion, people familiar with the matter told Bloomberg....
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Marchionne blames 'overreaction' for share selloff threatening Fiat Chrysler merger

Aug. 6, 2014 12:42 CET
Fiat CEO Sergio Marchionne blamed overblown press reports and a "lack of understanding" of the merger with Chrysler for a share selloff that threatens to blow the planned tie-up off course...
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Fiat says reports over shareholders selling out are 'groundless'

Aug. 5, 2014 15:35 CET
Fiat said reports that a significant number of its shareholders have exercised their exit rights over the company's merger with Chrysler were unfounded. A shareholders exit could potentially jeopardize the merger....
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Bulls, bears greet suppliers' public offerings

12:01 am U.S. ET | Aug. 4, 2014
Was Stabilus GmbH an exception, or did the auto supplier's public offering signal a new trend? The manufacturer of gas springs and hydraulic dampers struck a chord with investors when it went public in late May....
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Mobileye shares surge 48% after $890 million IPO

11:25 am U.S. ET | Aug. 1, 2014
Shares of Mobileye NV soared 48 percent in their market debut today as investors bet that the race by automakers to improve safety ratings would boost demand for the company's unique camera-based systems that help drivers avoid collisions....
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Tesla's Q2 net loss widens to $62 million as r&d expenses soar

4:39 pm U.S. ET | July 31, 2014
Tesla's net loss widened to $61.9 million in the second quarter even though it assembled and delivered record numbers of Model S electric cars. Revenues surged nearly 90 percent....
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Germany's ZF in advanced talks to buy TRW for near $12 billion, report says

1:22 pm U.S. ET | July 30, 2014
Germany's ZF Friedrichshafen AG is in advanced talks to acquire TRW Automotive for nearly $12 billion, in a deal that would create an automotive supply powerhouse, people familiar with the matter told Reuters today....
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Penske Q2 net income rises 18% on strong gains in all segments

7:30 am U.S. ET | July 30, 2014
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales....
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Hella planning IPO later this year, report says

2:49 pm U.S. ET | July 25, 2014
German automotive supplier Hella is working with Citigroup and banks on an initial public offering later this year, according to people with knowledge of the matter....
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Ford Q2 earnings rise on N.A. record, first European profit in 3 years

6:45 am U.S. ET | July 24, 2014
Ford posted a second-quarter pretax profit of $2.6 billion, bolstered by a record performance in North America and its first quarterly profit in Europe in three years....
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GM's quarterly profit plunges on recall costs

7:36 am U.S. ET | July 24, 2014
The heavy cost of General Motors' unprecedented slew of safety recalls during the second quarter wiped out most of its profits, erasing the fruits of strong truck pricing in North America and sales growth in China....
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GM is 'paying for past sins,' analyst says

12:33 pm U.S. ET | July 24, 2014
A sampling of what analysts and others are saying about GM's second-quarter financial results released today:...
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Superior investor touts board slate in proxy fight

4:12 pm U.S. ET | July 9, 2014
GAMCO Asset Management, the largest institutional shareholder of aluminum wheel supplier Superior Industries, today unveiled its slate of board nominees it wants shareholders to elect at Superior's annual meeting next month....
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Agnellis may tighten grip on Fiat after Chrysler merger

July 8, 2014 11:43 CET
Fiat's founding Agnelli family may see its voting rights rise to 46 percent as part of a scheme to reward long-term investors after a merger with Chrysler and a listing in New York, a U.S. regulatory filing showed....
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Superior Industries faces proxy fight over board members

4:08 pm U.S. ET | July 8, 2014
Aluminum wheel supplier Superior Industries International faces a shareholder proxy fight at its annual meeting next month....
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Porsche raises stake in Germany's Bertrandt to 29%

July 3, 2014 13:11 CET
Porsche has raised its stake in German engineering company Bertrandt from 25 percent to about 29 percent. The company's auto-industry customers include Audi, BMW Group, Daimler, and Ford Motor Co....
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Fiat Chrysler, Marchionne prepare to sell Wall Street on 'Cinderella' story

3:34 pm U.S. ET | June 27, 2014
Sergio Marchionne needs a New York stock market listing to bring in the investors required to fund future growth at Fiat Chrysler, but a lukewarm response to the CEO's most recent Wall Street launch suggests he has a bumpy journey ahead....
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TI Automotive plans debt-fueled dividend for hedge fund owners, report says

8:20 am U.S. ET | June 21, 2014
TI Automotive’s hedge fund owners that include Oaktree Capital Group LLC will reap a $435 million dividend by saddling the longtime auto supplier with more debt for the second time in two years....
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Fiat will sell holdings worth 602 million euros to fund upscale shift

June 20, 2014 11:25 CET
Fiat Chrysler plans to sell holdings valued at about 602 million euros ($820 million), freeing up cash to invest in an expansion of its upscale brands....
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Marchionne uses Chrysler's 'human-interest' story to woo U.S. investors

June 20, 2014 06:01 CET
Fiat Chrysler CEO Sergio Marchionne says he will use the “human-interest” angle of Chrysler's rebound from bankruptcy to help Fiat Chrysler appeal to U.S. investors ahead of a listing there later this year....
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Marchionne pitches Chrysler's 'Cinderella' story to U.S. investors

10:44 pm U.S. ET | June 19, 2014
Fiat Chrysler CEO Sergio Marchionne said he's pulling out all the stops to build investor interest ahead of a listing in the United States later this year following the completion of Fiat's merger with Chrysler....
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PSA completes share sale to raise funds for turnaround

May 22, 2014 10:59 CET
PSA has completed the sale of 289 million new shares as part of a 3 billion euro ($4.1 billion) capital increase to help the carmaker finance a turnaround under new CEO Carlos Tavares....
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Buffett, hedge funds trim GM holdings amid record recalls

12:19 am U.S. ET | May 16, 2014
Warren Buffett's Berkshire Hathaway cut its stake in General Motors in the first quarter and some hedge funds including Greenlight Capital exited completely as the company recalled a record number of vehicles....
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Porsche may win VW options case despite 'slyness'

May 15, 2014 09:23 CET
Porsche SE may win a second victory in a legal battle with investors over its aborted takeover of Volkswagen Group after a judge said its actions were sly but not necessarily illegal....
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