Ally shareholder Feinberg resigns from board after showdown with advisory firmTue, 28, Jun 2016
Stephen Feinberg, Ally Financial's third-largest shareholder, stepped down from the auto lender's board after an investor-advisory firm faulted his ability to use the stock as collateral for debt.
Tesla investor group wants more independent board, cites Musk tiesTue, 28, Jun 2016
An investor group called on Tesla to add two independent directors to its board and separate the roles of chairman and chief executive as it highlighted founder and CEO Elon Musk's dominance of the board in the wake of Tesla's proposed bid for SolarCity.
Lyft hires investment banker Qatalyst to explore options, report saysMon, 27, Jun 2016
Lyft, the U.S. ride-hailing startup with ties to General Motors, is working with Qatalyst Partners to explore deal options, a person familiar with the matter told Bloomberg.
Legal hassles possible for U.S. companies in wake of BrexitFri, 24, Jun 2016
International automotive companies should prepare for tricky legal issues -- especially on trademarks and trade treaties -- as the United Kingdom exits the EU. That's the advice from Jeff Sadowski, a suburban Detroit patent attorney for Howard and Howard.
Penske Automotive, Group 1 shares plunge after Brexit voteFri, 24, Jun 2016
Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.
Musk’s SolarCity bid a rare time investors don't buy his visionFri, 24, Jun 2016
Elon Musk is accustomed to shareholders snapping up whatever his Tesla Motors Inc. has to sell. Now his plan to merge the electric-car maker with struggling SolarCity has him confronting a rare case of investor unrest.
A Tesla bull, citing risk from SolarCity deal, cuts outlook on EV makerThu, 23, Jun 2016
Morgan Stanley's Adam Jonas, one of the most bullish analysts on Tesla Motors, joined the ranks of those who have panned Elon Musk's $2.86 billion proposal to combine the automaker with solar-panel provider SolarCity.
More and more, CEO pay is linked to stockMon, 20, Jun 2016
Outgoing Cooper Tire & Rubber Co. CEO Roy Armes topped the list of the 42 highest paid CEOs at publicly traded U.S.-based automotive companies in 2015.
CarMax quarterly earnings slide 3.6% despite revenue gainTue, 21, Jun 2016
CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.
Tower's board OKs $100 million stock buyback programFri, 17, Jun 2016
Tower International, which makes a variety of metal components for cars and trucks, said its board authorized a share repurchase program of up to $100 million of the company's common stock.
How we keep scoreMon, 20, Jun 2016
To examine compensation trends for CEOs and other select executives, Automotive News asked Equilar Inc., an executive compensation data firm, to compile and analyze pay data from corporate filings with the U.S. Securities and Exchange Commission.
Uber, seeking to boost capital, plans to raise up to $2 billion, report saysWed, 15, Jun 2016
Ride-hailing company Uber is seeking to raise $1 billion to $2 billion in a leveraged loan, a person familiar with the matter told Bloomberg.