Stock Activity

Ford Q2 net soars 44% for strongest auto profit in 15 years

7:00 am U.S. ET | July 28, 2015

Ford's second-quarter net income increased 44 percent from a year earlier to $1.9 billion, marking the best quarterly profit from its automotive business since 2000. The automaker posted a record quarterly profit in North America, despite lackluster sales in the U.S., as the redesigned F-150 and other vehicles commanded higher prices....
Read More »

JCI plans spin-off of auto seating, interiors units

9:30 am U.S. ET | July 24, 2015

Johnson Controls plans to spin off its automotive seating and interiors businesses, which will operate as an independent, publicly traded company. Bruce McDonald, currently JCI's vice chairman and executive vice president, will become chairman and CEO of the new company....
Read More »

Ferrari stock faces soaring Testarossa prices for investor favor

6:19 am U.S. ET | July 24, 2015

Ferrari's upcoming stock listing may struggle for investor attention with competitors in its own ranks. Buying one of the Italian supercars, like a Testarossa, has generated gains that are hard to beat....
Read More »

Ferrari IPO filed in New York to raise funds for Fiat Chrysler

July 23, 2015 12:45 CET

Fiat Chrysler Automobiles' plan to raise money for expansion by spinning off Ferrari took a step forward with the automaker filing the unit's initial public offering on the New York Stock Exchange....
Read More »

Ferrari files for IPO to raise funds for Fiat Chrysler

8:49 am U.S. ET | July 23, 2015

Fiat Chrysler Automobiles NV's plan to raise money by spinning off Ferrari took a step forward with the automaker filing for the unit's initial public offering on the New York Stock Exchange....
Read More »

Fiat Chrysler exploring $3.3 billion sale of auto parts unit Magneti Marelli, report says

4:45 pm U.S. ET | July 17, 2015

Fiat Chrysler Automobiles is considering whether to sell its auto parts maker Magneti Marelli after receiving interest from potential buyers, sources familiar with the matter told Reuters. At least two private equity funds are looking to team up with industry players and submit joint bids for Magneti Marelli, which supplies all major carmakers in Europe, the Americas and Asia, three sources said....
Read More »

Ferrari IPO filing to come in days, Marchionne says

5:11 pm U.S. ET | July 10, 2015

Ferrari SpA, the supercar maker being spun off by Fiat Chrysler Automobiles, is close to filing for an initial public offering, Fiat Chrysler CEO Sergio Marchionne said....
Read More »

Ferrari picks UBS for stock listing, report says

2:58 pm U.S. ET | July 7, 2015

Ferrari SpA, the supercar maker being spun off by Fiat Chrysler Automobiles, picked UBS Group to help manage its initial public offering in New York later this year, people with knowledge of the matter told Bloomberg....
Read More »

Ferrari's value to exceed $11 billion in IPO, Marchionne says

2:04 pm U.S. ET | July 3, 2015

Fiat Chrysler's CEO expects the company's Ferrari supercar unit to be valued "at least" at $11 billion in an initial public offering scheduled for year end....
Read More »

Toyota prices 'Model AA' shares at top range

9:50 am U.S. ET | July 2, 2015

Toyota set the price for its "Model AA" class shares at the top of its range, as retail investors flocked to the $4 billion issue the world's biggest automaker hopes will secure its longer-term shareholders....
Read More »

Dura owner Tilton loses bid to halt SEC proceedings

2:37 pm U.S. ET | June 30, 2015

Lynn Tilton, the owner of auto supplier Dura Automotive and the so-called Diva of Distressed, lost a bid to halt a U.S. Securities and Exchange Commission in-house disciplinary proceeding against her after a federal judge said she was powerless to do so....
Read More »

Mexican supplier Nemak to launch $750 million IPO

11:38 am U.S. ET | June 30, 2015

Nemak SAB's expected $750 million initial public stock offering today marks the first stock offering of a Mexican auto supplier since at least 2000....
Read More »

Toyota's new shares are popular in Japan

10:17 am U.S. ET | June 30, 2015

Japanese retail investors are flooding stock brokers with orders for a new class of Toyota shares, indicating the carmaker can fetch a good price for the issue and secure a new group of long-term investors....
Read More »

GM asking advisors for help rekindles FCA merger talk

2:12 pm U.S. ET | June 18, 2015

General Motors seeking advice from investment banks shows it is taking an attempt by Fiat Chrysler Automobiles to force a merger with its larger U.S. rival seriously, analysts and traders said....
Read More »

GM credit raised to investment grade by Fitch

2:59 pm U.S. ET | June 18, 2015

General Motors said today that Fitch Ratings had raised the credit ratings of both GM and GM Financial to investment grade....
Read More »

Toyota to buy back up to $4.9 billion in stock

7:12 am U.S. ET | June 16, 2015

Toyota said it plans to buy back as much as 600 billion yen ($4.9 billion) in stock to avoid dilution from new shares aimed at long-term investors....
Read More »

AutoNation's top shareholder cuts stake

5:23 pm U.S. ET | June 12, 2015

AutoNation Inc.'s largest shareholder, Edward Lampert, continues to reduce his stake in the nation's biggest dealership group. While he remains AutoNation's top shareholder, it's no longer by a lot....
Read More »

Marchionne mulls 'Plan B' partners after GM rejection, report says

9:15 am U.S. ET | June 11, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne is looking at other automakers as merger candidates as the chances of striking a friendly deal with General Motors dwindle, people familiar with the matter told Bloomberg....
Read More »

Tesla Model X deliveries to start in 3-4 months

7:34 pm U.S. ET | June 9, 2015

Tesla will begin deliveries of the Model X sport utility vehicle in three to four months, keeping close to the timeline the electric-car maker laid out earlier this year, CEO Elon Musk told shareholders Tuesday....
Read More »

Ferrari IPO delayed until after Oct. 12

1:37 pm U.S. ET | June 5, 2015

A planned initial public offering of luxury sports car maker Ferrari will not happen before Oct. 12, its owner Fiat Chrysler Automobiles said, adding the delay was due to tax issues....
Read More »

Hyundai humbled as investors abandon auto industry's darling

1:23 pm U.S. ET | June 2, 2015

Shares of Hyundai Motor tumbled 10 percent today to their lowest close since August 2010, making Hyundai the worst-performing stock among any major automaker in the past year....
Read More »

TrueCar faces shareholder suit

3:13 pm U.S. ET | May 28, 2015

TrueCar's legal woes mounted Wednesday as the online car-buying service was hit with a shareholder lawsuit alleging that it misled its investors about how it does business....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

Automotive News Cover
News by Brand