Stock Activity

Ferrari completes funding deal worth 2.5 billion euros

Nov. 30, 2015 15:42 CET

Ferrari has signed contracts to raise 2.5 billion euros that it will use in part to refinance debt owed to Fiat Chrysler as it moves toward separation from its parent company....
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Hyundai scion hikes stake in automaker for $259 million

1:19 pm U.S. ET | Nov. 10, 2015

Hyundai Motor Vice Chairman Chung Eui Sun, heir-apparent to South Korea's largest automaker, increased his stake in the automaker by buying shares from a struggling shipbuilding group controlled by his uncle....
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France close to returning to 15% Renault stake, economy minister says

Nov. 10, 2015 11:15 CET

France is close to reducing its stake in Renault back to 15 percent and wants the governance structure in its alliance with Nissan to remain unchanged, Economy Minister Emmanuel Macron said....
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VW crisis widens to fuel consumption figures

Nov. 4, 2015 12:33 CET

Investors wiped another 3 billion euros off VW Group's market value today after the automaker said it had misstated the fuel consumption of some cars, opening a new front in a scandal that initially centered on rigging diesel emissions tests....
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Suzuki lifts annual profit outlook on strong India, VW stake sale

Nov. 4, 2015 11:38 CET

Suzuki says it has lifted its annual net profit forecast by 14 percent, citing better-than-expected earnings in India and the sale of its stake in Volkswagen Group....
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Nissan wary of French state's role as it seeks closer Renault alliance

Nov. 2, 2015 12:15 CET

Nissan is concerned about the French government's growing influence over Renault as it seeks to strengthen the automakers' alliance, said Hiroto Saikawa, the Japanese automaker's chief competitive officer....
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Amid success, Ford suffers Wall St. penny punishment

12:01 am U.S. ET | Nov. 2, 2015

When is doing better than you thought a bad thing? When Wall Street doesn't listen....
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Ferrari Q3 earnings jump on higher vehicle shipments

Oct. 28, 2015 15:06 CET

Ferrari reported a 22 percent rise in third-quarter adjusted core profit as a jump in vehicle shipments offset lower sales of engines to sister brand Maserati....
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Ford posts highest-ever N.A. profit as global earnings double

7:15 am U.S. ET | Oct. 27, 2015

Ford had its best-ever quarter in North America and more than doubled its global earnings from a year earlier as redesigns of the F-150 and other high-profit nameplates began to pay off. Ford posted third-quarter net income of $1.9 billion, up from $833 million in the same period of 2014. It earned a pretax profit of $2.7 billion in North America....
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Nissan seeks end to Renault control in power struggle

Oct. 27, 2015 12:50 CET

Nissan has drawn up proposals to exit Renault control by purchasing a larger stake in its French alliance partner, sources told Reuters. The move comes amid a power struggle between Renault-Nissan CEO Carlos Ghosn and the French state, Renault's biggest shareholder....
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Mitsubishi Q2 net falls 14% despite revenue gain

6:35 am U.S. ET | Oct. 27, 2015

Mitsubishi Motors' net income fell 14 percent to 28.1 billion yen ($234.6 million) in the fiscal second quarter ended Sept. 30, despite a 9.2 percent rise in revenues....
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Ferrari's first families aim to make takeover of supercar builder impossible

Oct. 22, 2015 10:54 CET

Piero Ferrari, the son of Ferrari founder Enzo Ferrari, and the Agnelli family, who control Fiat Chrysler, plan to make any potential takeover of Ferrari virtually impossible even after the company's initial public offering....
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Ferrari shares RACE ahead on Wall Street debut

1:15 pm U.S. ET | Oct. 21, 2015

Ferrari shares, trading under the ticker symbol RACE, jumped 15 percent to $60 on its Wall Street debut today after the Italian supercar maker priced its share offering at the top of the range amid heavy investor demand....
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GM's Q3 operating profit jumps 37% to $3.1 billion on truck gains

7:45 am U.S. ET | Oct. 21, 2015

General Motors' surging truck sales delivered heavy-duty profits during the third quarter, leading the automaker to its best financial performance since before its 2009 bankruptcy....
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Lithia gears up acquisitions to meet new profit goal

11:07 am U.S. ET | Oct. 21, 2015

Lithia Motors is ramping up its store acquisition strategy after setting aggressive new earnings goals. “We are looking at approximately 30 deals in the New Jersey and L.A. markets,” Lithia CEO Bryan DeBoer said today after reporting strong gains during the third quarter....
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Ferrari raises $893 million pricing IPO shares at top of range

Oct. 21, 2015 11:14 CET

Ferrari raised $893 million in its U.S. initial public offering, pricing the shares at the top end of the marketed range after strong investor demand. Parent Fiat Chrysler is selling a 9 percent stake in the brand and will distribute its remaining 80 percent stake to its own investors early next year....
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Ferrari faithful drive IPO stock price after $893 million raised

5:12 pm U.S. ET | Oct. 20, 2015

Ferrari priced its initial public offering at the top of expectations, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market. Ferrari pulled out all the stops to market itself to some of its owners as well as Wall Street....
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Ferrari's shares won't come cheap or easily as expected IPO price rises

1:17 pm U.S. ET | Oct. 20, 2015

Demand could outstrip supply on Ferrari's initial public stock offering later today, and the shares may price at the top of an indicated range of $48-52 per share, people close to the matter said....
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Auto parts retailers' immunity to drives gains

11:14 am U.S. ET | Oct. 19, 2015

Not all brick-and-mortar retailers are running in fear from Amazon. Just look at the auto parts industry. The three largest U.S. sellers of replacement parts are seeing sales surge, sending their stock prices on a roll....
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Ferrari IPO oversubscribed ahead of New York listing, report says

12:23 pm U.S. ET | Oct. 16, 2015

Ferrari's initial public stock offering is oversubscribed throughout its price range as investor interest in the supercar maker outstrips the shares available, people familiar with the matter told Bloomberg....
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VW credit rating cut by S&P; further cuts are possible

4:01 pm U.S. ET | Oct. 12, 2015

VW's credit rating was cut one level today by Standard & Poor’s, which said the German carmaker’s cheating on U.S. diesel-emissions tests indicates management weaknesses that may lead to a further debt downgrade....
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Ferrari heir, steered away from racing, will end up a billionaire

Oct. 12, 2015 12:46 CET

Piero Ferrari grew up shielded from becoming a racing driver like his father Enzo, who founded the iconic sports car maker. Now Piero will end up a billionaire in an initial public offering of the automaker....
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Ferrari to be valued at up to $9.82 billion in stock offering

7:01 pm U.S. ET | Oct. 9, 2015

Ferrari will be valued at as much as $9.82 billion in an initial public offering when owner Fiat Chrysler Automobiles sells a 9 percent stake in the Italian supercar manufacturer....
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Ferrari pushing for $12.4 billion valuation in stock offering, report says

4:11 pm U.S. ET | Oct. 8, 2015

Ferrari’s coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as $12.4 billion, people familiar with the matter told Bloomberg....
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GM counting on big profits from parts and accessories, GM Financial

2:24 pm U.S. ET | Oct. 1, 2015

General Motors expects to pad its bottom line in coming years from substantial growth in its captive finance arm and its parts and accessories business....
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