Stock Activity

GM Q4 net income rises 2% to $913 million

Feb. 6, 2014 13:31 CET
GM said its fourth-quarter earnings rose 2 percent to $913 million, helped by strong pricing in North America. It also more than halved its loss in Europe.... Read More »

 

Delphi says it doubled net income in Q4

10:56 am U.S. ET | Feb. 4, 2014
Delphi Automotive said its net income in the fourth quarter more than doubled to $298 million compared with $136 million a year earlier.... Read More »

 

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.... Read More »

 

Lear adjusted income drops 11% in Q4

3:24 pm U.S. ET | Jan. 31, 2014
Automotive seating and electrical component supplier Lear, profitable all four years since emerging from bankruptcy in November 2009, posted an 11 percent drop in adjusted fourth-quarter profits.... Read More »

 

Tenneco posts profit gains for Q4 and 2013

3:14 pm U.S. ET | Jan. 31, 2014
Tenneco, a supplier of ride-control and emissions-control systems, said its fourth-quarter adjusted net income rose 33 percent from a year earlier.... Read More »

 

Ford earnings pinched by recalls, incentives

7:03 am U.S. ET | Jan. 28, 2014
Ford earned $3 billion in the quarter, 90 percent more than the same period a year ago, though more than two-thirds of the profit was related to favorable tax benefits. Excluding the $2.1 billion tax gain and other one-time items, Ford's pretax operating profit fell 24 percent to $1.3 billion.... Read More »

 

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.... Read More »

 

RICHARD JOHNSON

Why George Chaconas is such a busy man

4:24 pm U.S. ET | Jan. 25, 2014
Sit with dealmaker George Chaconas of Performance Brokerage Services at the Starbucks outside the convention hall, and you discover a busy guy.... Read More »

 

Hyundai Q4 profits gain 15%, but results fall short

Jan. 24, 2014 06:01 CET
Hyundai said fourth-quarter net income climbed 15 percent over the previous year, but forecast sales growth would hit an eight-year low in 2014 as competition intensifies and the stronger won hampers exports.... Read More »

 

Hyundai Q4 profits gain 15%, but results fall short

10:56 am U.S. ET | Jan. 23, 2014
Hyundai said fourth-quarter net income climbed 15 percent to 2.06 trillion won ($1.9 billion), from 1.79 trillion won a year earlier. But the results did not meet analyst expectations and Chairman Chung Mong Koo forecast the weakest sales growth in eight years for 2014.... Read More »

 

Fiat-Chrysler plans primary New York listing with UK base, report says

Jan. 22, 2014 20:34 CET
Fiat CEO Sergio Marchionne plans to propose the New York Stock Exchange as the primary market for shares of the company created from a merger with Chrysler, sources said. Marchionne also aims to have a fiscal domicile in the UK for tax purposes.... Read More »

 

Fiat-Chrysler plans primary NYSE listing, report says

2:34 pm U.S. ET | Jan. 22, 2014
Fiat CEO Sergio Marchionne plans to propose to the company's board that the New York Stock Exchange be the primary market for shares of the company created from a merger with Chrysler, people familiar with the matter said. Marchionne also aims to have a fiscal domicile in the U.K. for tax purposes, while the headquarters could be located elsewhere.... Read More »

 

GM expects 'modest' gain in U.S. retail market share in 2014

7:51 am U.S. ET | Jan. 15, 2014
General Motors expects to gain "modest" market share at the retail level in the United States this year while continuing to command strong prices, the company said today as its new executive management team took charge.... Read More »

 

GM to pay first dividend in 6 years

5:10 pm U.S. ET | Jan. 14, 2014
General Motors will pay the first quarterly dividend on its common stock in almost six years, marking another step in the recovery from its 2009 bankruptcy. Separately, GM named Chuck Stevens as CFO to replace Dan Ammann, who became the automaker's president Wednesday.... Read More »

 

NICK BUNKLEY

All the wrong things pay off for Tesla

12:01 am U.S. ET | Jan. 14, 2014
Tesla Motors broke a number of unspoken rules on Tuesday with perhaps the least rehearsed, most amateurish-looking press conference of any automaker at this year's Detroit auto show. Yet its stock surged 16 percent.... Read More »

 

Autobytel acquires lead wholesaler AutoUSA from AutoNation

12:01 am U.S. ET | Jan. 14, 2014
Autobytel, one of the largest providers of lead prospects to auto dealers, has purchased AutoUSA from AutoNation for $10 million in cash, a $1 million convertible note and other consideration.... Read More »

 

Ford's next dividend hike could see family reap $34 million

1:17 pm U.S. ET | Jan. 8, 2014
Ford, poised to boost its quarterly dividend for the second time in two years, may push it to 12 cents a share for an annual payout of at least $34 million to the automaker's family members.... Read More »

 

Federal-Mogul to acquire Honeywell's brake friction business for $155 million

3:30 pm U.S. ET | Jan. 8, 2014
Diversified auto supplier Federal-Mogul has agreed to acquire Honeywell's automotive and industrial brake friction business for about $155 million.... Read More »

 

AutoNation CFO Mike Short leaves, citing personal reasons

4:17 pm U.S. ET | Jan. 8, 2014
AutoNation said CFO Mike Short has left the company effective Tuesday. AutoNation's treasurer, Cheryl Scully, has been named interim CFO, the company said in a statement Tuesday.... Read More »

 

Fiat-Chrysler likely to list stock in New York, further sidelining Italy

Jan. 6, 2014 06:01 CET
CEO Sergio Marchionne's merger of carmakers Fiat and Chrysler will probably entail a share listing in the United States that cements North America as the group's new center of gravity and further sidelines Italy.... Read More »

 

Fiat-Chrysler likely to list stock in New York, further sidelining Italy

3:47 pm U.S. ET | Jan. 5, 2014
CEO Sergio Marchionne's merger of carmakers Fiat and Chrysler will probably entail a share listing in the United States that cements North America as the group's new center of gravity and further sidelines Italy.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

Hertz shares jump after board adopts 'poison pill' stock plan

8:42 am U.S. ET | Jan. 1, 2014
Hertz Global Holdings rose to a record high after the largest publicly traded rental-car company said it adopted a so-called poison pill upon seeing “unusual and substantial activity” in its stock.... Read More »

 

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