Financing, Stock Offerings
Continental board plans powertrain IPO, report saysJune 20
Continental's supervisory board is moving ahead with plans for an initial public offering of its powertrain unit and a new corporate structure by early July, a sign the supplier's biggest overhaul in decades is taking shape, according to people familiar with the matter.
GM exploring strategic options, possible spin-off of Cruise unitJune 15
GM has begun researching strategic options for Cruise Automation that include a public sale of shares, listing a separate tracking stock, or spinning off the unit, Bloomberg reported, citing people familiar with the matter. GM won't make a decision until Cruise is further along in development and may not take any action for a couple of years, if at all.
Musk bets Tesla rally has legs with $24.9 million share purchaseJune 13
Cosworth, famed British engineering house, eyes IPOJune 8
Cosworth, the British automotive engineering house famous for engines supplied to Formula One and IndyCar race teams, aims to go public after expanding into automotive software, data analytics and sensors for autonomous and assisted driving. The company also plans a "significant investment" in its first U.S. manufacturing center near Detroit.
Daimler Trucks CEO says possible listing is up to shareholdersJune 6
Tesla shareholders reject proposal to separate Musk's rolesJune 5
Tesla shareholders re-elected three directors and voted against a proposal to split the chairman and CEO posts held by Elon Musk. The EV maker's goal of building 5,000 Model 3s per week by the end of June was "quite likely," Musk also told shareholders Tuesday.
China EV startup NIO files for IPO in U.S., report saysMay 28
Geely hires advisers for possible Volvo stock offering, report saysMay 10
Freudenberg mulls IPO for Vibracoustic unitApril 19
Musk doubles down on claim Tesla is all-clear on cash in tweetApril 13
U.S. expects talks with China as trade fight escalatesApril 4
The United States voiced willingness to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports, including light vehicles, but the Chinese ambassador to Washington said it "takes two to tango."