Financing, Stock Offerings

Tesla stock hits new high on Apple rumors

3:40 pm U.S. ET | Feb. 18, 2014
Tesla Motors shares traded at a record high today amid speculation about the nature of a 2013 meeting between the electric-car maker's CEO, Elon Musk, and Apple's head of mergers and acquisitions, four analysts said....
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Dongfeng confirms talks with PSA but says no deal reached

Feb. 10, 2014 10:47 CET
Dongfeng confirmed that it had held talks with PSA about a potential investment in the French carmaker, but said no agreement had yet been reached between the two groups....
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PSA board restates support for Dongfeng talks amid Peugeot family squabble

Feb. 6, 2014 21:27 CET
PSA is sticking to a $4.1 billion stock-sale plan it's negotiating with France and Dongfeng amid criticism by investors and Peugeot family members....
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PSA investor group criticizes terms of planned capital hike

Feb. 4, 2014 10:45 CET
French minority shareholders' group ADAM has written to PSA to criticize the terms of a planned capital hike that will see Dongfeng and the French state take big stakes in the carmaker....
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SHAREHOLDER VALUE REPORT

Plastic Omnium, Lithia deliver top shareholder returns

12:01 am U.S. ET | Jan. 27, 2014
Retailer Lithia Motors and supplier Plastic Omnium returned the most value to shareholders in their categories last year and over the past three years, according to the Automotive News/PwC Shareholder Value Index....
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Mitsubishi to raise up to $2.5 billion in stock sale

Jan. 22, 2014 14:46 CET
Mitsubishi Motors will sell new shares and plans to pay a dividend for the first time in more than 16 years as part of its reorganization after a bailout....
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Mitsubishi to raise up to $2.5 billion in stock sale, reissue dividend

8:46 am U.S. ET | Jan. 22, 2014
Mitsubishi Motors will sell new shares and plans to pay a dividend for the first time in more than 16 years as part of its reorganization after a bailout....
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PSA board backs cash injection by Dongfeng, France gov't

Jan. 20, 2014 10:17 CET
PSA's board approved a deal to raise 3 billion euros ($4.1 billion) by selling stakes to Dongfeng and the French government. The deal, if completed, would represent a defining moment in the history of the automaker....
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Daimler-backed BAIC raises IPO target to $2 billion

Jan. 17, 2014 12:07 CET
Chinese carmaker BAIC Motor, part-owned by Daimler, plans to lift its IPO target and raise $2 billion as China's auto market enjoys solid growth....
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Carl Icahn buys up to 40 million shares of Hertz, report says

3:00 pm U.S. ET | Jan. 3, 2014
Longtime Wall Street investor Carl Icahn bought as many as 40 million shares of stock in rental car giant Hertz Global Holdings Inc., CNBC reported today....
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Fiat shares jump 16% on Chrysler merger deal

Jan. 2, 2014 17:56 CET
Fiat's $4.35 billion deal to gain full control of Chrysler Group sent its shares to a near 2-1/2-year high in Europe today, despite doubts over whether the Italian carmaker could use the merger to cut losses in Europe....
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Fiat shares jump 16% on Chrysler merger deal

11:56 am U.S. ET | Jan. 2, 2014
Fiat's $4.35 billion deal to gain full control of Chrysler Group sent its shares to a near 2-1/2-year high in Europe today, despite doubts over whether the Italian carmaker could use the merger to cut losses in Europe....
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Fiat agrees to buy remaining Chrysler stake in $4.35 billion deal

2:27 pm U.S. ET | Jan. 1, 2014
Fiat said Wednesday it had signed an agreement to buy the remaining 41.46 percent stake it does not own in Chrysler Group from the UAW's VEBA Trust, the last step needed before the Italian and U.S. carmakers can merge....
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Fiat agrees to buy remaining Chrysler stake in $4.35 billion deal

Jan. 1, 2014 20:27 CET
Fiat said Wednesday it had signed an agreement to buy the remaining 41.46 percent stake it does not own in Chrysler Group from the UAW's VEBA Trust, the last step needed before the Italian and U.S. carmakers can merge....
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JIM HENRY

Ally, more independent, can better focus on dealers

12:01 am U.S. ET | Dec. 26, 2013
It's time to stop thinking of Ally Financial as GM's captive finance company and get used to the fact that it's an independent bank....
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Daimler hedges against drop in Tesla share price

9:31 am U.S. ET | Dec. 21, 2013
Daimler AG has hedged its holding in Tesla Motors against a decline in value over the next three years, as it seeks to broaden its alliance with the U.S. electric-car maker....
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Fiat resumes talks to buy Chrysler stake from UAW trust, report says

11:49 am U.S. ET | Dec. 20, 2013
Fiat CEO Sergio Marchionne restarted negotiations with a UAW trust to buy the remaining shares of Chrysler Group, people familiar with the matter said. A meeting between the two sides this week followed the trust's rejection of a higher offer for its 41.5 percent stake in Chrysler earlier this month, the people said....
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GM CEO sees greater 'bandwidth' for paying dividends in 2014

4:55 pm U.S. ET | Dec. 16, 2013
General Motors, with improved cash flow and fewer outstanding preferred shares, is in a better position to consider paying a dividend next year, CEO Dan Akerson said....
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Peugeot shares slump after GM move to sell 7% stake

6:04 am U.S. ET | Dec. 13, 2013
PSA Peugeot Citroen shares plunged Friday after GM announced plans to sell its entire Peugeot stake amid the struggling French carmaker's efforts to seek financial help from its Chinese partner....
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Firm created by Microsoft co-founder invests $30M in TrueCar

2:02 pm U.S. ET | Dec. 12, 2013
TrueCar, reportedly considering an initial public offering next year, said Vulcan Capital -- a private equity firm created by Microsoft co-founder Paul Allen -- has invested $30 million in the vehicle-shopping site....
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GM gives PSA backing for Dongfeng deal

Dec. 12, 2013 08:53 CET
PSA has won GM's backing for a tie-up with China's Dongfeng Motor, the French automaker said, adding that the partners have lowered the savings goals for their scaled-down European alliance....
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U.S. sells last of GM shares, ending 'Government Motors' era

Dec. 10, 2013 06:01 CET
The U.S. Treasury sold its last shares of General Motors stock, ending more than four years of government ownership in the nation's largest automaker at a loss of about $10.5 billion to U.S. taxpayers....
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U.S. sells last of GM shares, ending 'Government Motors' era

4:22 pm U.S. ET | Dec. 9, 2013
The Treasury on Monday sold its last shares of General Motors stock, ending more than four years of government ownership in the nation's largest automaker at a loss of about $10.5 billion to U.S. taxpayers. The government said in a statement that it recouped $39 billion of its original $49.5 billion investment into GM. Company executives and dealers say that the stigma of federal ownership, which earned GM the derisive nickname “Government Motors,” has hurt sales....
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Wilbur Ross will postpone IPO for supplier IAC, report says

Dec. 6, 2013 06:01 CET
Billionaire Wilbur Ross's auto supplier International Automotive Components Group SA is delaying its initial public offering until 2014, two people with knowledge of the matter told Bloomberg....
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Wilbur Ross will postpone IPO for supplier IAC, report says

3:25 pm U.S. ET | Dec. 5, 2013
Billionaire Wilbur Ross’s auto supplier International Automotive Components Group SA is delaying its initial public offering until 2014, two people with knowledge of the matter told Bloomberg....
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Calif. dealer offers staff spiritual care

Calif. dealer offers staff spiritual care

Calif. dealer Bill Hoehn has something few retailers have: A full-time chaplain. The chaplain provides care and support for employees, is available 24/7 for crisis needs and even presides over weddings. Mon., September 22
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