Stock Activity

Icahn invests $100 million in Lyft as Uber rivalry grows

11:51 am U.S. ET | May 15, 2015

Lyft raised an additional $150 million, led by an investment of $100 million from Carl Icahn's investment company, raising the stakes in the car-hailing service's rivalry with Uber Technologies....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's automakers boosted shareholder value 41% in first quarter

May 14, 2015 06:01 CET

The average shareholder value of Europe's listed automakers improved by 41 percent, outpacing European and U.S. stock markets, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices....
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How Tesla sent penny stock soaring 4,400%

12:48 pm U.S. ET | May 8, 2015

Market regulators halted trading on a penny stock from defunct Riviera Tool Company that was incorrectly linked to the Tesla Motors acquisition of Riviera Tool LLC....
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Analysts question Tesla's cash position

6:46 am U.S. ET | May 8, 2015

Analysts are voicing concerns about Tesla Motors' cash, saying the maker of electric cars and energy-storage products may need to raise money....
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Toyota plans $4.2B share sale to fund fuel cell r&d

6:55 am U.S. ET | April 28, 2015

Toyota plans to replace as much as 500 billion yen ($4.2 billion) of common equity with unlisted shares that have transfer restrictions, locking in longer-term funding as the carmaker develops new technology....
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Ford posts 7% drop in Q1 profit, still sees 'breakthrough year'

7:02 am U.S. ET | April 28, 2015

Ford, which has forecast a "breakthrough year" for itself after remaking a large swath of its global lineup, today said its first-quarter net income fell 6.6 percent to $924 million as the launch of its aluminum-bodied pickup cut production....
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Group 1's net income rises 14% in Q1

7:50 am U.S. ET | April 28, 2015

Group 1 Automotive reported net income rose 14 percent to $36 million in the first quarter, driven by solid gains in sales of both new and used vehicles in its core operations in the robust US market....
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France sees 'no reason' for Nissan votes in Renault

April 28, 2015 19:47 CET

The French government sees no reason to allow Nissan to reactivate the voting rights on its 15 percent stake in Renault, Economy Minister Emmanuel Macron said. Macron is publicly at odds with Renault-Nissan CEO Carlos Ghosn over a government move to increase its voting weight in Renault....
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Peugeot family to meet over future of its PSA stake, report says

April 27, 2015 11:27 CET

The Peugeot family plans to hold a meeting in June to work out its differences over the future of its 14.1 percent stake in PSA/Peugeot-Citroen, a newspaper reported today....
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GM profit rises, aided by North America

7:45 am U.S. ET | April 23, 2015

General Motors posted stout first-quarter profits from truck sales in North America, but trouble in Russia and Brazil and lingering fallout from last year's recall binge kept a lid on earnings. GM's operating income excluding onetime items -- the figure that GM says best reflects its core performance -- was $2.08 billion....
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France completes move to increase Renault stake

April 22, 2015 11:01 CET

The French government has completed steps to increase its stake in Renault despite opposition from the company's alliance partner, Nissan, and Carlos Ghosn, who heads both automakers.....
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Renault wants France to back down on voting rights rise

April 17, 2015 11:07 CET

Renault urged France, its largest-single shareholder, to back down from plans to increase its voting weight in the automaker, warning that the balance of power within its alliance with Nissan was at risk. The Japanese automaker holds a non-voting 15 percent stake in Renault....
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Fiat goes Dutch with first annual investor meeting in Amsterdam

6:38 am U.S. ET | April 16, 2015

After a century of meeting in Italy, Fiat shareholders convened today in Amsterdam, swapping the company's Lingotto factory with its rooftop racetrack for a luxury hotel in the Dutch city's red light district. Only 10 investors attended the session....
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Renault summons board in response to French stake hike, report says

April 15, 2015 22:09 CET

Renault will hold an emergency board meeting today in response to France's plans to tighten its grip on the carmaker and its alliance with Nissan, a source said. France is increasing its Renault holding to 19.7 percent from 15 percent....
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France increases Renault stake in challenge to Ghosn

April 8, 2015 08:28 CET

The French government increased its stake in Renault, boosting its influence as the automaker's biggest shareholder in a challenge to CEO Carlos Ghosn that risks destabilizing the Renault-Nissan alliance....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bold moves, positive results highlight Tavares' 1st year as PSA boss

April 6, 2015 06:15 CET

PSA CEO Carlos Tavares has succeeded in putting the automaker back on track a year after its 3 billion euro bailout. He has returned PSA to France’s benchmark CAC-40 stock index and implemented cost cuts that helped the automobile division record its first operating profit in three years in 2014....
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Dura owner Lynn Tilton sues SEC after it charges her with fraud

12:04 pm U.S. ET | April 1, 2015

Escalating her battle with the federal regulators, flamboyant New York investor Lynn Tilton, who has a variety of automotive parts holdings, sued the US Securities and Exchange Commission to stop it from pursuing a case charging her with defrauding her investors....
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Auto-parts exec Tilton, 'turnaround queen,' faces fraud charges

9:44 am U.S. ET | March 31, 2015

Federal regulators accused financier and auto-parts executive Lynn Tilton and her advisory business of defrauding investors by hiding poor performance of assets underlying three collateralized loan obligation funds....
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Key Safety to use Mobileye vision tech to aid drivers

4:08 pm U.S. ET | March 30, 2015

Supplier Key Safety Systems said it has signed an agreement with Mobileye NV to use the software developer's vision processing chip for new types of driver assist technologies....
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PSA may hit operating margin target earlier than planned, CFO says

March 23, 2015 13:15 CET

PSA could reach its main recovery target of achieving a 2 percent operating margin before a 2018 goal, finance chief Jean-Baptiste de Chatillon said. The carmaker's shares today rejoined the benchmark CAC-40 index after a two-and-a-half-year absence....
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GM faces union demands following stock buyback plan

6:00 am U.S. ET | March 10, 2015

General Motors CEO Mary Barra started off her second year in the job with an activist investor at her door after her first year was largely consumed by a safety investigation over fatally defective ignition switches. Now she'll need to contend with the UAW, another constituency looking for a slice of GM's cash pile....
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PSA's blue-chip index comeback may spur recovery

March 6, 2015 10:40 CET

PSA will return to France's benchmark CAC-40 index, stock market operator Euronext said, delivering a likely boost to the carmaker as it emerges from a prolonged European sales slump and bailout....
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ZF-TRW deal to be approved by EU regulators, report says

1:48 pm U.S. ET | March 4, 2015

EU antitrust regulators are expected to clear German car parts maker ZF Friedrichshafen's $13.5 billion bid for US peer TRW Automotive Holdings with conditions, two people with knowledge of the matter told Reuters today....
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Fiat Chrysler may sell more than 10% of Ferrari in New York IPO

4:57 pm U.S. ET | March 3, 2015

Fiat Chrysler Automobiles may sell a stake exceeding 10 percent when its Ferrari division holds an initial public offering this year, as more investors than expected seek a share of the supercar manufacturer....
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Marchionne raises FCA stake as Ferrari spinoff nears

Feb. 27, 2015 13:53 CET

Fiat Chrysler Automobiles CEO Sergio Marchionne has increased his voting stake in FCA to nearly 1 percent after raising his shareholding in the company by 2.3 million common shares to 14.4 million as the automaker readies to spin off Ferrari....
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Automotive News
Special Video Report
Nissan's Munoz: 'You grow or you go'

Nissan's Munoz: 'You grow or you go'

Nissan N.A. boss Jose Munoz continues to push U.S. dealers for a big jump in market share while deflecting complaints that his stair-step sales targets are too hard to achieve.
» Watch the Video
     
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