Legal hassles possible for U.S. companies in wake of BrexitFri, 24, Jun 2016
International automotive companies should prepare for tricky legal issues -- especially on trademarks and trade treaties -- as the United Kingdom exits the EU. That's the advice from Jeff Sadowski, a suburban Detroit patent attorney for Howard and Howard.
Penske Automotive, Group 1 shares plunge after Brexit voteFri, 24, Jun 2016
Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.
Musk’s SolarCity bid a rare time investors don't buy his visionFri, 24, Jun 2016
Elon Musk is accustomed to shareholders snapping up whatever his Tesla Motors Inc. has to sell. Now his plan to merge the electric-car maker with struggling SolarCity has him confronting a rare case of investor unrest.
CarMax quarterly earnings slide 3.6% despite revenue gainTue, 21, Jun 2016
CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.
Tower's board OKs $100 million stock buyback programFri, 17, Jun 2016
Tower International, which makes a variety of metal components for cars and trucks, said its board authorized a share repurchase program of up to $100 million of the company's common stock.
Uber, seeking to boost capital, plans to raise up to $2 billion, report saysWed, 15, Jun 2016
Ride-hailing company Uber is seeking to raise $1 billion to $2 billion in a leveraged loan, a person familiar with the matter told Bloomberg.
Takata sees initial interest from up to 30 potential investors, report saysMon, 13, Jun 2016
As many as 30 potential investors have indicated initial interest in providing financial support for embattled Japanese airbag maker Takata, two people briefed on the talks told Reuters.
Lazard in control as momentum builds for Takata solution, report saysThu, 09, Jun 2016
Lazard is driving financial restructuring talks for Takata, with the Japanese airbag maker's founding family now firmly in the back seat, a person briefed on the process told Reuters.
Zetsche, Uber CEO illustrate wary courtship during tech eventThu, 09, Jun 2016
A promised showdown between the CEOs of Daimler AG and ride-sharing firm Uber, Silicon Valley's most valuable private company, turned into more of a wary courtship when the two met publicly on Wednesday.