Financing, Stock Offerings

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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."... Read More »

 

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.... Read More »

 

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."... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

Tesla's stock surge hits $4.1 billion pothole in October

8:48 am U.S. ET | Nov. 1, 2013
Tesla suffered its biggest one-month loss of market value in October amid concern among some investors that a fivefold stock-price surge outpaced the growth prospects for Elon Musk's electric-car company.... Read More »

 

Marchionne says he is ready to carry out Chrysler IPO in 2013

Oct. 31, 2013 14:27 CET
Fiat Group CEO Sergio Marchionne says he is working "diligently" to prepare a possible share sale by Chrysler Group within the year.... Read More »

 

U.S. now expects to lose $9.7 billion on GM stock

12:11 pm U.S. ET | Oct. 29, 2013
The Treasury now expects to lose $9.7 billion selling the General Motors stock it received in 2009 after its bailout of the automaker.... Read More »

 

Chrysler amends IPO filing that highlights conflicts with Fiat

10:08 pm U.S. ET | Oct. 28, 2013
Chrysler Group amended its initial public offering registration statement on Monday, adding details and altering some characterizations.... Read More »

 

BRUCE GAIN

Will PSA have a Chinese chairman?

12:01 am U.S. ET | Oct. 17, 2013
A split in the Peugeot family over whether to invest more money in PSA/Peugeot-Citroen has led to fears that the French automaker could have a Chinese chairman, a scenario described by one newspaper as 'sacrilege.'... Read More »

 

Dongfeng mulls benefits of buying PSA stake

Oct. 17, 2013 09:19 CET
China's Dongfeng, which is linked to a potential stake purchase in PSA/Peugeot-Citroen, should first examine whether the project is reasonable or not, a company executive said.... Read More »

 

Tesla stock gets 'sell' rating from Standard & Poor's

11:48 am U.S. ET | Oct. 16, 2013
Standard & Poor's initiated coverage of Tesla Motors with a "sell" rating, citing caution over the electric carmaker's stock price.... Read More »

 

Cooper-Standard's NYSE listing positions supplier for growth, CEO says

3:38 pm U.S. ET | Oct. 16, 2013
Cooper-Standard Holdings will be listed on the New York Stock Exchange Thursday as the sealing, fuel and brake system supplier embarks on a new growth strategy.... Read More »

 

Fiat denies report Marchionne made comments on Chrysler IPO

9:06 pm U.S. ET | Oct. 9, 2013
Fiat denied a report by broker Sanford C. Bernstein that CEO Sergio Marchionne had made comments discouraging investors from taking part in Chrysler Group's initial public offering. In a statement on Thursday, Fiat said the Bernstein report misrepresented the presentation CEO Sergio Marchionne gave at a Fiat investor meeting.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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