Financing, Stock Offerings

Ally’s six-year bailout to end as U.S. sells $1.25 billion stake

7:48 pm U.S. ET | Dec. 18, 2014
Ally Financial said the Treasury will sell its remaining $1.25 billion stake in the auto lender, resolving one the largest bailouts from the financial crisis six years ago....
Read More »

 

Fiat Chrysler sells stock at discount after NY slump

Dec. 11, 2014 11:06 CET
Fiat Chrysler's share sale will carry a discount of 4 percent after the stock plunged the most in New York since the company's October debut. CEO Sergio Marchionne is seeking to raise about $5 billion to counter mounting debt....
Read More »

 

Carlyle’s Axalta auto-paint company rises in trading debut

4:16 pm U.S. ET | Nov. 12, 2014
Axalta Coating Systems, the former DuPont auto-paint unit now backed by Carlyle Group LP, rose in its first day of trading after raising $975 million in an initial public stock offering....
Read More »

 

Hella shares rise 4% in stock market debut

Nov. 12, 2014 12:59 CET
Shares in German automotive lighting supplier Hella rose 4 percent during their stock market debut in Frankfurt....
Read More »

 

Marchionne expects Ferrari IPO next year

Nov. 11, 2014 16:05 CET
The initial public offering of Ferrari is expected to happen between the second and the third quarter of 2015, said Sergio Marchionne, CEO of parent Fiat Chrysler Automobiles....
Read More »

 

Marchionne increases his Fiat Chrysler stake to 1%

Nov. 5, 2014 11:11 CET
Fiat Chrysler CEO Sergio Marchionne has increased his stake in the automaker to 1 percent and nearly doubled his voting stake after exercising stock options and cashing in on a share price jump after a plan to spin off Ferrari was unveiled....
Read More »

 

Marchionne gains $13 million with stock sale after Ferrari deal

Nov. 4, 2014 18:42 CET
Fiat Chrysler Automobiles CEO Sergio Marchionne made about 10.7 million euros ($13.4 million) from a surge in the automaker's share price after he announced a plan to spin off Ferrari....
Read More »

 

Hella IPO valued at up to 3.1 billion euros

Nov. 3, 2014 15:23 CET
Hella, a German manufacturer of auto headlights and electronics, will have a market value of 3.1 billion euros ($3.9 billion) if it sells shares at the top of its target price range in a flotation next week....
Read More »

 

Headlight maker Hella to raise 278 million euros in IPO

Oct. 31, 2014 13:16 CET
Family-owned German headlight maker Hella said today it would raise 278 million euros ($349.4 million) in a stock market flotation to fund international expansion and innovation....
Read More »

 

LUCA CIFERRI

Is Ferrari worth 12 billion euros?

12:01 am U.S. ET | Oct. 31, 2014
Ferrari is worth as much as 12 billion euros on the open market based on Chairman Sergio Marchionne's most optimistic blue-sky estimate. The true value will be a hot topic for months....
Read More »

 

Ferrari spinoff's real winners: Agnelli clan

Oct. 30, 2014 14:31 CET
The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies....
Read More »

 

LUCA CIFERRI

Ferrari will go public but remain private

12:01 am U.S. ET | Oct. 30, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group....
Read More »

 

LUCA CIFERRI

Ferrari will go public but remain private

3:40 pm U.S. ET | Oct. 29, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group....
Read More »

 

Marchionne invests more of his own cash in FCA

Oct. 23, 2014 10:41 CET
Sergio Marchionne, CEO of Fiat Chrysler Automobiles, bought an additional 335,745 ordinary shares in the group, giving him a total of 6.8 million shares in the newly merged carmaker....
Read More »

 

Toyota sells some Tesla shares, cooperation still possible

5:53 pm U.S. ET | Oct. 23, 2014
Toyota said today it had sold some of its shares in Tesla Motors but that it would continue to study possible cooperation with the California electric car maker in the future....
Read More »

 

Fiat's Wall Street trading is flat as Milan dominates

Oct. 22, 2014 11:58 CET
Fiat Chrysler Automobiles has had a flat reception on the New York Stock Exchange after its debut there last week. European trading in Milan is currently about 7 times that of Wall Street, despite FCA shifting its primary listing to the U.S....
Read More »

 

Renault stake sale not a priority for French gov't

Oct. 16, 2014 11:12 CET
The French government has no plans to sell its 15 percent stake in Renault, Economy Minister Emmanuel Macron said. The government is selling off assets as part of a privatization drive....
Read More »

 

Fiat Chrysler rises in New York as challenger to Detroit Two

Oct. 13, 2014 12:51 CET
Fiat Chrysler Automobiles NV's debut on the New York Stock Exchange gives more investors in the United States the chance to tap into the growing global market for cars and trucks, while also taking a chance on a debt-burdened automaker....
Read More »

 

Fiat Chrysler could sell $830 million in shares after U.S. listing, report says

7:33 am U.S. ET | Oct. 9, 2014
Fiat Chrysler Automobiles could sell up to $830 million worth of shares to boost its finances and increase trading in the stock after it begins trading on Wall Street next week, Reuters reported. CEO Sergio Marchionne has said he could "get the machine rolling" by selling to U.S. investors the shares Fiat owns in itself, or so-called treasury stock....
Read More »

 

Fiat says merger with Chrysler effective Oct. 12

Oct. 7, 2014 10:15 CET
Fiat said its merger with Chrysler into holding group Fiat Chrysler Automobiles (FCA) would be effective Oct. 12 after all conditions for the tie-up were met....
Read More »

 

Fiat Chrysler won't seek more capital to fund growth plan, Marchionne says

3:57 pm U.S. ET | Oct. 2, 2014
Fiat Chrysler Automobiles has no need for a capital increase to fund its ambitious five-year growth plan, CEO Sergio Marchionne said on Thursday. Marchionne said, however, the board of the newly-merged company would examine all capital-boosting options, including taking on more debt, a mandatory convertible bond and a possible capital increase, at the end of the month....
Read More »

 

SGL Carbon will sell 267 million euros worth of shares to tackle debt, boost growth

Sept. 30, 2014 12:23 CET
SGL Carbon, which counts BMW, VW Group and BMW heiress Susanne Klatten as its three biggest shareholders, will sell 267 million euros ($339 million) in shares to repay debt and make investments....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
» Watch the Video
     
News by Brand