Financing, Stock Offerings

Hertz raises U.S. prices as fleet costs increase

5:16 pm U.S. ET | Dec. 23, 2014
Hertz Global Holdings raised prices for rental cars to be picked up January 1 or later. The stock had its biggest gain of the year, and Avis shares soared, too....
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Faurecia vows to appeal $2.4M fine for market breaches

12:47 pm U.S. ET | Dec. 23, 2014
French auto parts maker Faurecia said today it would appeal against a 2 million euro ($2.44 million) fine imposed by the country's AMF stock market regulator for alleged selective disclosure of financial information to stock analysts in 2012....
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Ally's six-year bailout ends after U.S. sells $1.28 billion stake

7:48 pm U.S. ET | Dec. 18, 2014
The Treasury disposed of its remaining $1.28 billion stake in auto lender Ally Financial, resolving the last big bailout from an emergency government program to halt the 2008 financial crisis. Ally said the government ultimately gained $2.4 billion from its investment....
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Fiat Chrysler sells stock at discount after NY slump

Dec. 11, 2014 11:06 CET
Fiat Chrysler's share sale will carry a discount of 4 percent after the stock plunged the most in New York since the company's October debut. CEO Sergio Marchionne is seeking to raise about $5 billion to counter mounting debt....
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Carlyle’s Axalta auto-paint company rises in trading debut

4:16 pm U.S. ET | Nov. 12, 2014
Axalta Coating Systems, the former DuPont auto-paint unit now backed by Carlyle Group LP, rose in its first day of trading after raising $975 million in an initial public stock offering....
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Hella shares rise 4% in stock market debut

Nov. 12, 2014 12:59 CET
Shares in German automotive lighting supplier Hella rose 4 percent during their stock market debut in Frankfurt....
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Marchionne expects Ferrari IPO next year

Nov. 11, 2014 16:05 CET
The initial public offering of Ferrari is expected to happen between the second and the third quarter of 2015, said Sergio Marchionne, CEO of parent Fiat Chrysler Automobiles....
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Marchionne increases his Fiat Chrysler stake to 1%

Nov. 5, 2014 11:11 CET
Fiat Chrysler CEO Sergio Marchionne has increased his stake in the automaker to 1 percent and nearly doubled his voting stake after exercising stock options and cashing in on a share price jump after a plan to spin off Ferrari was unveiled....
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Marchionne gains $13 million with stock sale after Ferrari deal

Nov. 4, 2014 18:42 CET
Fiat Chrysler Automobiles CEO Sergio Marchionne made about 10.7 million euros ($13.4 million) from a surge in the automaker's share price after he announced a plan to spin off Ferrari....
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Hella IPO valued at up to 3.1 billion euros

Nov. 3, 2014 15:23 CET
Hella, a German manufacturer of auto headlights and electronics, will have a market value of 3.1 billion euros ($3.9 billion) if it sells shares at the top of its target price range in a flotation next week....
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Headlight maker Hella to raise 278 million euros in IPO

Oct. 31, 2014 13:16 CET
Family-owned German headlight maker Hella said today it would raise 278 million euros ($349.4 million) in a stock market flotation to fund international expansion and innovation....
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LUCA CIFERRI

Is Ferrari worth 12 billion euros?

12:01 am U.S. ET | Oct. 31, 2014
Ferrari is worth as much as 12 billion euros on the open market based on Chairman Sergio Marchionne's most optimistic blue-sky estimate. The true value will be a hot topic for months....
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Ferrari spinoff's real winners: Agnelli clan

Oct. 30, 2014 14:31 CET
The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies....
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LUCA CIFERRI

Ferrari will go public but remain private

12:01 am U.S. ET | Oct. 30, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group....
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LUCA CIFERRI

Ferrari will go public but remain private

3:40 pm U.S. ET | Oct. 29, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group....
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Marchionne invests more of his own cash in FCA

Oct. 23, 2014 10:41 CET
Sergio Marchionne, CEO of Fiat Chrysler Automobiles, bought an additional 335,745 ordinary shares in the group, giving him a total of 6.8 million shares in the newly merged carmaker....
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Toyota sells some Tesla shares, cooperation still possible

5:53 pm U.S. ET | Oct. 23, 2014
Toyota said today it had sold some of its shares in Tesla Motors but that it would continue to study possible cooperation with the California electric car maker in the future....
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Fiat's Wall Street trading is flat as Milan dominates

Oct. 22, 2014 11:58 CET
Fiat Chrysler Automobiles has had a flat reception on the New York Stock Exchange after its debut there last week. European trading in Milan is currently about 7 times that of Wall Street, despite FCA shifting its primary listing to the U.S....
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Renault stake sale not a priority for French gov't

Oct. 16, 2014 11:12 CET
The French government has no plans to sell its 15 percent stake in Renault, Economy Minister Emmanuel Macron said. The government is selling off assets as part of a privatization drive....
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Fiat Chrysler rises in New York as challenger to Detroit Two

Oct. 13, 2014 12:51 CET
Fiat Chrysler Automobiles NV's debut on the New York Stock Exchange gives more investors in the United States the chance to tap into the growing global market for cars and trucks, while also taking a chance on a debt-burdened automaker....
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Fiat Chrysler could sell $830 million in shares after U.S. listing, report says

7:33 am U.S. ET | Oct. 9, 2014
Fiat Chrysler Automobiles could sell up to $830 million worth of shares to boost its finances and increase trading in the stock after it begins trading on Wall Street next week, Reuters reported. CEO Sergio Marchionne has said he could "get the machine rolling" by selling to U.S. investors the shares Fiat owns in itself, or so-called treasury stock....
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Fiat says merger with Chrysler effective Oct. 12

Oct. 7, 2014 10:15 CET
Fiat said its merger with Chrysler into holding group Fiat Chrysler Automobiles (FCA) would be effective Oct. 12 after all conditions for the tie-up were met....
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Fiat Chrysler won't seek more capital to fund growth plan, Marchionne says

3:57 pm U.S. ET | Oct. 2, 2014
Fiat Chrysler Automobiles has no need for a capital increase to fund its ambitious five-year growth plan, CEO Sergio Marchionne said on Thursday. Marchionne said, however, the board of the newly-merged company would examine all capital-boosting options, including taking on more debt, a mandatory convertible bond and a possible capital increase, at the end of the month....
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SGL Carbon will sell 267 million euros worth of shares to tackle debt, boost growth

Sept. 30, 2014 12:23 CET
SGL Carbon, which counts BMW, VW Group and BMW heiress Susanne Klatten as its three biggest shareholders, will sell 267 million euros ($339 million) in shares to repay debt and make investments....
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Marchionne says Fiat Chrysler will bypass Wall Street road show

11:21 am U.S. ET | Sept. 16, 2014
Fiat Chrysler CEO Sergio Marchionne said he doesn't plan to hold a road show for investors before listing shares of the combined car company in New York next month....
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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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