Financing, Stock Offerings

Marchionne says Fiat Chrysler will bypass Wall Street road show

11:21 am U.S. ET | Sept. 16, 2014
Fiat Chrysler CEO Sergio Marchionne said he doesn't plan to hold a road show for investors before listing shares of the combined car company in New York next month....
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GM wins dismissal of 'channel stuffing' suit related to IPO

12:33 pm U.S. ET | Sept. 5, 2014
General Motors has won dismissal of a shareholder lawsuit accusing it of padding sales around the time of its November 2010 initial public offering by quietly unloading vehicle inventory on its dealers....
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Fiat may sell up to $1.04 billion in stock with U.S. listing to reduce debt

Sept. 4, 2014 16:17 CET
Fiat may sell as much as $1.04 billion in shares to reduce debt and gain local investors after the new company formed from merging with Chrysler Group lists stock in the U.S., according to Bloomberg News calculations....
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Fiat investors exercised $610 million exit rights ahead of Chrysler merger

Sept. 4, 2014 09:10 CET
Fiat investors exercised 463.6 million euros ($610 million) in cash-exit rights, just shy of the 500 million euro threshold set by CEO Sergio Marchionne to complete a merger with Chrysler....
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Mobileye Q2 revenues jump, sees strong growth in 2014

3:43 pm U.S. ET | Sept. 4, 2014
One month after going public, Mobileye posted lower net income but sharply higher revenue on strong demand for its camera-based systems that help drivers avoid collisions....
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Fiat Chrysler sees New York stock market debut on Oct. 13

8:52 am U.S. ET | Aug. 30, 2014
Fiat-Chrysler Automobiles aims to list shares in the newly merged carmaker in New York on Oct. 13, CEO Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month....
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U.S. Treasury to cut Ally stake

10:56 am U.S. ET | Aug. 14, 2014
The Treasury Department plans to cut its stake in Ally Financial by selling stock on the open market in its first divestiture since the company's initial public offering in April....
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Fiat says reports over shareholders selling out are 'groundless'

Aug. 5, 2014 15:35 CET
Fiat said reports that a significant number of its shareholders have exercised their exit rights over the company's merger with Chrysler were unfounded. A shareholders exit could potentially jeopardize the merger....
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Bulls, bears greet suppliers' public offerings

12:01 am U.S. ET | Aug. 4, 2014
Was Stabilus GmbH an exception, or did the auto supplier's public offering signal a new trend? The manufacturer of gas springs and hydraulic dampers struck a chord with investors when it went public in late May....
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Germany's ZF in advanced talks to buy TRW for near $12 billion, report says

1:22 pm U.S. ET | July 30, 2014
Germany's ZF Friedrichshafen AG is in advanced talks to acquire TRW Automotive for nearly $12 billion, in a deal that would create an automotive supply powerhouse, people familiar with the matter told Reuters today....
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Fiat investors advised to vote for Chrysler merger

July 28, 2014 11:26 CET
Proxy adviser Glass Lewis has recommended that Fiat investors vote for a merger with Chrysler despite concerns that the voting rights of Exor, Fiat's main shareholder, could potentially increase with a deal....
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Hella planning IPO later this year, report says

2:49 pm U.S. ET | July 25, 2014
German automotive supplier Hella is working with Citigroup and banks on an initial public offering later this year, according to people with knowledge of the matter....
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Fiat Chrysler, Marchionne prepare to sell Wall Street on 'Cinderella' story

3:34 pm U.S. ET | June 27, 2014
Sergio Marchionne needs a New York stock market listing to bring in the investors required to fund future growth at Fiat Chrysler, but a lukewarm response to the CEO's most recent Wall Street launch suggests he has a bumpy journey ahead....
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Buffett, hedge funds trim GM holdings amid record recalls

12:19 am U.S. ET | May 16, 2014
Warren Buffett's Berkshire Hathaway cut its stake in General Motors in the first quarter and some hedge funds including Greenlight Capital exited completely as the company recalled a record number of vehicles....
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Peugeot family says it will remain influential in PSA

May 15, 2014 09:04 CET
The Peugeot family will remain influential in PSA/Peugeot-Citroen after China's Dongfeng and the French state took stakes in the automaker, Robert Peugeot, head of the FFP family holding company, said....
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Ford to buy back $1.8 billion in stock

5:17 pm U.S. ET | May 7, 2014
Ford Motor said it will repurchase $1.8 billion of its shares to reduce dilution from recent stock grants to executives and to offset shares that may be issued to holders of convertible debt....
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TrueCar expects IPO price of $12-$14 per share

8:55 am U.S. ET | May 5, 2014
TrueCar may be valued at about $1 billion if its initial public offering is priced at the top end of the expected range....
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Musk's pay as Tesla CEO drops 99.9% to less than $70,000

5:49 pm U.S. ET | April 24, 2014
Elon Musk, Tesla's CEO and one of the wealthiest U.S. entrepreneurs, saw his take home pay from the automaker plunge by more than 99.9 percent last year after a surge in his 2012 stock options....
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Ontario plans to unload remaining stake in GM

1:29 pm U.S. ET | April 11, 2014
The Canadian province of Ontario plans to sell its remaining shares of General Motors Co. in the next year as part of a review of its state-owned assets....
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GM investors unshaken as recall cuts $3 billion in stock market value

1:48 pm U.S. ET | April 7, 2014
Some of GM's institutional investors say they're keeping faith in the stock after the recall crisis wiped out more than $3 billion in shareholders' value over four weeks. CEO Mary Barra has apologized for the lives lost in accidents tied to an ignition switch defect and promised an aggressive investigation into why it took so long to do anything even though some at GM knew about the faulty switches as early as 2001....
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TrueCar files plans to go public with stock

5:37 am U.S. ET | April 4, 2014
Online auto-shopping service TrueCar said today it has filed a statement with the Securities and Exchange Commission to sell shares in an initial public offering. The company said it could raise as much as $125 million from the stock sale....
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CarMax says quarterly gross profit rises 4%

9:27 am U.S. ET | April 4, 2014
Used car retailer CarMax reported a 4 percent gain in gross profits during the final quarter of its fiscal year, but an accounting correction and tepid sales to subprime customers caused net income to drop slightly from a year ago....
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Ally Financial IPO could generate $2.7 billion for U.S. Treasury

9:00 am U.S. ET | March 27, 2014
Ally Financial, the former GMAC auto lender rescued by the federal government during the 2008 financial crisis, is helping the Treasury Department divest its stake by seeking as much as $2.7 billion in an initial public offering....
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JIM HENRY

Ally takes step toward 'free at last' with IPO

12:01 am U.S. ET | March 27, 2014
It's been a long time coming, but Ally Financial finally filed for its initial public stock offering today -- another step in a long process toward becoming a truly independent company....
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Toyota buying back stock for first time since 2009 as cash grows

12:51 pm U.S. ET | March 26, 2014
Toyota said it will buy back stock for the first time in five years as its cash pile swells and profit climbs. Toyota will repurchase as many as 60 million shares, equivalent to a 1.9 percent stake, for 360 billion yen ($3.5 billion), according to a statement Tuesday. The company, which last bought back stock in February 2009, plans to retire about half of those shares by the end of June....
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