Financing, Stock Offerings

Continental board plans powertrain IPO, report says

June 19, 2018 15:21 CET
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.

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GM exploring strategic options, possible spin-off of Cruise unit

3:07 pm U.S. ET | June 15, 2018
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 purchase

4:34 pm U.S. ET | June 13, 2018
Think the run-up in Tesla shares is about done? Elon Musk doesn't seem to think so.

Cosworth, famed British engineering house, eyes IPO

June 8, 2018 09:19 CET
Cosworth, the British automotive engineering company famous for the engines it once made for Formula One racing teams, plans an initial public offering as early as next year.

Daimler Trucks CEO says possible listing is up to shareholders

6:12 pm U.S. ET | June 6, 2018
Daimler AG could split its truck unit and passenger-car business into separate companies, but it's not a necessity and won't happen unless stockholders want it to.

Tesla shareholders reject proposal to separate Musk's roles

6:07 pm U.S. ET | June 5, 2018
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.

German battery maker Akasol plans German listing in June

June 5, 2018 15:33 CET
German battery systems maker Akasol is preparing for a Frankfurt stock market listing before the summer break, raising money to invest in new capacity so it can benefit from an expected surge in demand from EV manufacturers.

China EV startup NIO files for IPO in U.S., report says

9:40 am U.S. ET | May 28, 2018
NIO, the Chinese EV startup backed by Tencent, has filed confidentially for a planned U.S. initial public offering, Bloomberg reported, citing people familiar with the matter.

Volvo has funds to cover electric, autonomous shift

May 16, 2018 13:44 CET
Volvo is working on how to meet the challenges of electrification and self-driving cars and has the funds to do so regardless of whether the company launches a stock market flotation, CEO Hakan Samuelsson said.

Geely hires advisers for possible Volvo stock offering, report says

2:45 pm U.S. ET | May 10, 2018
Volvo Cars owner Zhejiang Geely has selected Citigroup, Goldman Sachs and Morgan Stanley to advise on an initial public stock offering for the Swedish carmaker this year, Bloomberg reported.

Daimler's Zetsche sees no sign of hostile takeover by top shareholder Li Shufu

April 25, 2018 15:33 CET
Daimler CEO Dieter Zetsche said there was no indication the automaker's largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $9 billion stake in the company earlier this year.

Freudenberg will mull 2019 Vibracoustic IPO later this year

April 19, 2018 10:09 CET
German technology group Freudenberg will decide in the autumn on a potential flotation in 2019 of its automotive vibration control technology business Vibracoustic.

VW trucks chief gears up for 'next level' after step toward IPO

April 16, 2018 09:47 CET
VW Group's trucks chief, Andreas Renschler, wants to take his division to "the next level," with the manufacturer considering a stock listing that would catapult the $37-billion unit into the blue-chip ranks of Europe's largest economy.

Musk doubles down on claim Tesla is all-clear on cash in tweet

9:54 am U.S. ET | April 13, 2018
Tesla meant what it said when telling investors this month that another capital raise won't be necessary this year, and Elon Musk just elaborated on why.

Porsche invests in Israeli artificial intelligence startup

April 5, 2018 10:03 CET
Porsche has bought a minority stake in Tel Aviv-based tech company Anagog. The startup develops artificial intelligence software and has also attracted investment from Daimler.

U.S. expects talks with China as trade fight escalates

7:01 am U.S. ET | April 4, 2018
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."

Knorr-Bremse in no rush for IPO, CEO says

March 20, 2018 17:41 CET
German brake systems maker Knorr-Bremse is in no rush to decide on a possible stock market flotation, CEO Klaus Deller said, ruling out a summer listing.

China's WM Motor open to U.S. IPO, shrugging off trade tensions

11:01 am U.S. ET | March 12, 2018
WM Motor, a Chinese company with plans to sell an electric SUV this year, is open to holding an initial public stock offering in the United States as its founder shrugs off a potential trade war.

Musk's $2.6 billion award supported by major Tesla shareholders

3:56 pm U.S. ET | March 7, 2018
Two of Tesla's largest shareholders are supporting an unprecedented plan to award Elon Musk a compensation package valued at $2.6 billion.

FCA to spin off Magneti Marelli without raising money, report says

March 6, 2018 09:46 CET
Fiat Chrysler is looking to spin off Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares, Reuters reported.

Toyota's way changed the world's factories; now the retool begins

12:00 pm U.S. ET | Feb. 5, 2018
Over decades, Toyota built a corporate culture that was the envy of the manufacturing world. Now the industry's most-emulated company is overhauling the way it brings its vaunted production system to every corner of the business.

Ex-Ferrari boss prepares IPO for high-speed rail company

Jan. 24, 2018 11:36 CET
Former Ferrari boss Luca Cordero di Montezemolo is preparing to float Italo, a high-speed train company he helped set up in 2006.

Qoros sale reaps $200 million for Israeli billionaire

Jan. 11, 2018 10:59 CET
The sale of a controlling stake in the money-losing Chinese automaker Qoros has helped boost the net worth of Israeli billionaire Idan Ofer by $200 million this week as shares of his Kenon investment company soared following the deal.

Aston Martin targets valuation of nearly $7 billion in potential IPO, report says

Jan. 9, 2018 09:48 CET
Aston Martin is targeting a valuation of as much as 5 billion pounds ($6.8 billion) in a potential initial public offering, Bloomberg reported. Investors' interest in an IPO could be bolstered by the automaker's planned expansion into the lucrative SUV segment.

Aston Martin owners hire bank to prepare for sale or listing, report says

Dec. 16, 2017 19:05 CET
Aston Martin's owners have hired investment bank Lazard to prepare for a stock market listing or sale of the automaker, Reuters reported.

 
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VW board was weak and indecisive over Audi CEO crisis


5:30 am U.S. ET | June 20 2018

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When a crisis strikes, a company's board must spring into action and take charge to quickly restore ...
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Stadler's words return to haunt him

Christiaan Hetzner
9:23 am U.S. ET | June 18 2018

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Audi CEO Rupert Stadler could not have been more prophetic when he said last month: "The diesel cris ...
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70 years later, appreciating the genius of Ferry Porsche

Richard Johnson
12:01 am U.S. ET | June 15 2018

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We all know Ferdinand Porsche. But history has forgotten that it was his boy, Ferry, who created the ...
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Why VW should share its skateboard and change the world

Larry P. Vellequette
3:34 pm U.S. ET | June 13 2018

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Volkswagen Group CEO Herbert Diess has plenty on his plate, but he should consider these three words ...
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Land Rover sets course for Defender to come home

Richard Truett
11:42 am U.S. ET | June 12 2018

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Authenticity is crucially important for the next Defender. Building the iconic off-roader in its spi ...
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Volvo's Polestar commits to guiding light feature

Douglas A. Bolduc
12:01 am U.S. ET | June 9 2018

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Polestar CEO Thomas Ingenlath says that the Volvo-controlled brand will extend a unique design featu ...
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The Elkann style: Sustainability … at Ferrari speed

Andrea Malan
12:01 am U.S. ET | June 8 2018

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Lapo Elkann, scion of the Agnelli family and still part owner of Fiat Chrysler and Ferrari, showed a ...
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Why BMW's new 3 series needs to up its game

Christiaan Hetzner
12:01 am U.S. ET | June 6 2018

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The BMW 3 series is still the benchmark against which all midsize sedans are measured, but the outgo ...
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Why Chinese cars, crossovers should worry Europe's brands

Luca Ciferri
12:01 am U.S. ET | June 2 2018

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Chinese cars are now on par with products from Europe’s brands in terms of design, handling, p ...
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VW Group's new CEO Diess may have too much power

Christiaan Hetzner
12:01 am U.S. ET | May 24 2018

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Former BMW executive Herbert Diess now heads both VW Group and its core VW brand, which may be conce ...
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China in control as industry enters new era
China has been the world's biggest auto market since 2009, when it eclipsed the U.S. ...
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European sales flat in May on fewer sales days
European sales rose a marginal 0.6 percent in May due in part to fewer working days. ...
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Jeep is biggest winner as Spain sales rise 7%
New-car registrations in Spain increased 7 percent in May with healthy demand from private and compa ...
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German market down 6% but VW bucks trend with new SUV
VW brand was among the few brands that gained new volume as German vehicle sales fell nearly 6 perce ...
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UK sales rise 3% in May on private demand
UK registrations increased 3.4 percent in May as growing demand from individual consumers offset a d ...
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Italy sales decline 3% on political uncertainty, diesel slump
Sales of new cars in Italy declined 2.8 percent in May, with political uncertainty after recent elec ...
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French May sales flat despite strong gains by Jeep, Hyundai, Skoda
French new-car registrations rose 0.2 percent in May, with Jeep, Hyundai, Skoda, DS and Dacia record ...
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VW Group's China sales rose 12% in April on Audi, Skoda demand
Volkswagen Group's China sales rose nearly 12 percent in April, led by demand at the Audi and Skoda ...
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VW, Toyota, Dacia rise as Europe sales rise 10% in April
VW, Toyota and Dacia all saw their European sales rise sharply in April, outpacing a market that gre ...
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Russian sales rise 18% as buyers try to beat price hikes
New-car sales in Russia rose 18 percent in April, as consumers hastened purchases anticipating that ...
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Europe's small SUV sales projected to 'grow like crazy'
European sales of small SUVs are poised to surge beyond the segment's typically strong growth, as ne ...
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Premium automakers add drivetrains, body styles to stabilize midsize sales
Europe's premium automakers are diversifying drivetrain and body style choices in the core midsize s ...
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Europe's automakers invest in sedans despite SUV surge
Automakers in Europe are continuing to invest in sedans even though the body style has been losing c ...
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Hyundai, Seat add body styles to spice up key sector
Automakers such as Hyundai, Ford, Kia and Seat are experimenting with new compact-car body styles in ...
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Audi, BMW forecast to give key SUV sector a lift with new flagships
A two-year slump in the demand for premium large SUVs in Europe is expected to end in 2019 as BMW an ...
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Tesla Model S outsells German luxury flagships in Europe
Germany's premium brands are under pressure to accelerate their plans for electric cars after Tesla' ...
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Europe's luxury compact car segment forecast to decline for second year
Aging models such as the BMW 1 series and Audi A3 as well as the continued rise of SUV alternatives ...
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Europe's EV sales expected to top 200,000 this year
Sales of full-electric cars are set to surge to 200,000 this year, helped by the arrival of the new ...
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VW, Peugeot, Seat propel compact SUV sector toward new record
Strong demand for new entries from VW, Peugeot and Seat helped to increase European sales in the com ...
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Daimler sales, HR expert is new Smart boss
Daimler executive Karen Adt will become the head of the Smart brand, succeeding Annette Winkler. ...
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IAC names former Magna exec Manfred Gingl as CEO
International Automotive Components Group (IAC) named former Magna International executive Manfred G ...
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PSA finance boss de Chatillon quits to join pharmaceutical company
PSA finance chief Jean-Baptiste de Chatillon will leave the automaker to join French pharmaceutical ...
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Apple poaches senior self-driving engineer from Waymo
Apple hired a senior self-driving car engineer from Alphabet's Waymo unit in a sign that the iPhone ...
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GM names first female finance chief
General Motors CFO Chuck Stevens is retiring and will be succeeded by Dhivya Suryadevara, a 39-year- ...
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Former GM chief Henderson named interim CEO of seating supplier Adient
Fritz Henderson, who steered GM through its 2009 bankruptcy, has been named interim CEO of seating s ...
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Rolls-Royce design chief Taylor leaves automaker
Rolls-Royce design director Giles Taylor has left the automaker to "pursue alternative business inte ...
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Rolls-Royce design chief Taylor leaves automaker
Rolls-Royce design director Giles Taylor has left the automaker to "pursue alternative business inte ...
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Lotus CEO Gales steps down, replaced by top Geely executive
Jean-Marc Gales has stepped down as Lotus Cars CEO and will be replaced by Feng Qing Feng, chief tec ...
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Daimler's Winkler to step down as Smart CEO
The CEO of Daimler's Smart business, Annette Winkler, is stepping down after eight years as head of ...
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Suzuki keeps Jimny's gritty look for new generation
Suzuki is gearing up to launch the fourth generation of its long-running Jimny small SUV 20 years af ...
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Audi drops A1 diesel variant due to low demand
Audi's new A1 Sportback subcompact hatchback will launch without a diesel version and will only be a ...
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Volvo's new S60 signals 'dynamic' powertrain changes
The redesigned Volvo S60 compact sports sedan will be Volvo's first U.S.-manufactured vehicle and it ...
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BMW 8 series will offer 320-hp diesel in Europe
BMW is reintroducing the 8 series with a diesel engine, which the automaker said is unprecedented in ...
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Kia shakes up Ceed family
Kia is shaking up its Ceed compact car family in response to the rising popularity of SUVs and cross ...
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Ford gives new Focus multiple personalities
Ford says it has has injected more emotion and personality into the new Focus compact in a bid to ra ...
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BMW X5 gains space, off-road package
BMW's new X5 SUV is getting a major styling makeover and will be larger than its predecessor with ex ...
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Audi Q8 debuts with plans for autonomous parking system
Audi's Q8 flagship SUV will offer a feature called garage pilot that will allow the driver to be out ...
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VW takes Touareg upscale with high-tech features
VW has packed its new Touareg with the latest high-tech equipment available, including thermal imagi ...
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VW takes Touareg upscale with high-tech features
VW has packed its new Touareg with the latest high-tech equipment available, including thermal imagi ...
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Suppliers to the new Seat Ateca
Assembly of the all-new Seat Ateca began in April 2016 at parent Volkswagen Group's plant in Kvasiny ...
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Suppliers to the new Porsche 718 Cayman
Assembly of the third-generation Porsche Cayman began in July 2016 at parent Volkswagen Group’ ...
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Suppliers to the new Nissan Micra
Assembly of the fifth-generation Nissan Micra began in December 2016 at alliance partner RenaultR ...
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Suppliers to the new Hyundai i30
Assembly of the third-generation Hyundai i30 began in December 2016 at Hyundai's plant in Nosovice, ...
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Suppliers to the new Opel/Vauxhall Insignia
Assembly of the third-generation Ope/Vauxhall Insignia began in March 2016 at the automaker's plant ...
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Suppliers to the new Ford GT
Assembly of the second-generation Ford GT began in October 2016 at Ford's plant in Markham, Canada. ...
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Suppliers to the new Audi A5
Assembly of the second-generation Audi A5 began in June 2016 at the Volkswagen Group subsidiary's pl ...
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Suppliers to the new Honda Civic
Assembly of the 10th-generation Honda Civic began in July 2016 in at Honda's plant in Swindon, Engla ...
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Suppliers to the new Ford Fiesta
Assembly of the seventh-generation Ford Fiesta began in May 2017 in at Ford's plant in Cologne, Germ ...
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Suppliers to the new Citroen C3
Assembly of the third-generation Citroen C3 began in September 2016 in at PSA's plant in Trnava, Slo ...
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