Financing, Stock Offerings

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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General Motors said to plan sale of stake in Ally, report says

1:28 pm U.S. ET | Dec. 4, 2013
GM is planning to sell its stake in Ally Financial, the auto lender majority owned by American taxpayers, a person with knowledge of the transaction told Bloomberg. Selling now would allow GM to avoid a months-long lockup tied to Ally’s initial public offering, according to the person, who asked to remain anonymous because the deal isn’t public....
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Chrysler IPO delayed by U.S. tax issue, sources say

Nov. 27, 2013 06:01 CET
Chrysler Group has abandoned plans for an initial public offering this year so it can sort out a U.S. tax issue, said two sources familiar with the process....
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GM's $27 billion cash hoard seen tempting activists

Nov. 27, 2013 06:01 CET
General Motors will be a tempting target for activist investors if it doesn't quickly return cash to shareholders from what the automaker calls its "fortress balance sheet."...
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Chrysler IPO delayed by U.S. tax issue, sources say

6:17 am U.S. ET | Nov. 26, 2013
Chrysler's timeline hit a snag due to complications involving the conversion of the company from a limited liability company to a C corporation, sources told Reuters....
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GM’s $27 billion cash hoard seen tempting activists

9:09 am U.S. ET | Nov. 26, 2013
General Motors will be a tempting target for activist investors if it doesn't quickly return cash to shareholders from what the automaker calls its "fortress balance sheet."...
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TrueCar said to consider IPO in 2014

6:52 am U.S. ET | Nov. 25, 2013
TrueCar is considering selling shares in an initial public offering in the first half of 2014, two people with knowledge of the matter said....
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Fiat says no Chrysler IPO in 2013

5:00 am U.S. ET | Nov. 25, 2013
The planned stock market listing of Fiat's U.S. unit, Chrysler, will not take place this year, the Italian carmaker said today, prolonging the uncertainty over its chances of buying out the rest of the company....
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Fiat seen gaining upper hand with Chrysler valued at $10 billion

Nov. 22, 2013 06:01 CET
Fiat is set to gain the upper hand in negotiations to buy a health-care trust's holding in Chrysler Group if the final value for the U.S. carmaker remains around the $10 billion level currently being discussed....
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Johnson Controls stock rises 4.4% after boosting buyback by $3 billion

1:25 pm U.S. ET | Nov. 21, 2013
Shares in auto supplier Johnson Controls rose to their highest level since at least 1980 after the company said it will boost a stock-buyback program by $3 billion on greater confidence in its outlook for fiscal 2014 and beyond....
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