Stock Activity

JCI quarterly net income grows 12% on higher volume

3:07 pm U.S. ET | Jan. 22, 2015
Supplier Johnson Controls said today its quarterly net income grew 12 percent, reaching $507 million, compared with $451 million during the same quarter last year. JCI is typically one of the first suppliers to release quarterly earning results, serving as a bellwether for supplier financial trends....
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VW mulls separate listing of trucks business, report says

Jan. 21, 2015 15:16 CET
Volkswagen may restructure its truck business so that it could be spun off to raise cash, a German magazine reported. VW has hired former Daimler manager Andreas Renschler to integrate the unit, which includes Scania and MAN....
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Schaeffler shifts 34% Continental stake off balance sheet

Jan. 21, 2015 10:58 CET
Schaeffler says a 34 percent stake in rival Continental has been shifted off the books in a move toward a possible stock market listing. Schaeffler borrowed heavily to buy Continental in 2008 in a deal that unraveled during the financial crisis....
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PHILIP NUSSEL

Musk's $481 million paper loss in Detroit

12:10 pm U.S. ET | Jan. 16, 2015
In the world of Elon Musk, one off-hand remark can be expensive. On Tuesday, the Tesla CEO lost $481 million on paper after he mentioned "unexpectedly weak" sales in China. But after his celebrity-like appearance here, it was clear that Detroit's love for Musk is only going to grow....
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THE GM RECALL

GM accused of misleading investors over recalls

6:55 am U.S. ET | Jan. 16, 2015
General Motors managers misled investors and regulators for years about issues connected to vehicle ignition switch defects, shareholders said in a lawsuit accusing the company of inflating the stock's value....
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Magna forecasts surprise fall in 2015 revenue

9:22 am U.S. ET | Jan. 14, 2015
Canadian supplier Magna International forecast a surprise fall in fiscal 2015 revenue, hurt by falling sales in its production and contract manufacturing businesses....
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TI Automotive, Bain near deal a year after failed effort, report says

9:10 am U.S. ET | Jan. 14, 2015
TI Automotive, the auto fuel-systems maker that came close to a deal with Bain Capital Partners LLC last year, is again near an agreement to sell itself to the private equity firm, people with knowledge of the matter told Bloomberg....
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Ford boosts stock dividend 20% even after profit declines

9:14 am U.S. ET | Jan. 8, 2015
Ford raised its quarterly dividend 20 percent today, the third boost in as many years, even as the automaker has said profit would decline for 2014....
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Ford poised to raise dividend by 20%, forecast says

2:49 pm U.S. ET | Jan. 5, 2015
Ford is poised to raise its quarterly dividend 20 percent, the third boost in as many years, even as the automaker has said profit would decline for 2014....
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GM to record $800 million charge after redeeming preferred shares

12:01 am U.S. ET | Jan. 1, 2015
GM said it will record a charge of about $800 million in the fourth quarter to redeem all 156.1 million of its outstanding Series A preferred shares. The move will simplify GM's quarterly financial reporting and close a chapter on the company's 2009 restructuring....
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Hertz raises U.S. prices as fleet costs increase

5:16 pm U.S. ET | Dec. 23, 2014
Hertz Global Holdings raised prices for rental cars to be picked up January 1 or later. The stock had its biggest gain of the year, and Avis shares soared, too....
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Faurecia vows to appeal $2.4M fine for market breaches

12:47 pm U.S. ET | Dec. 23, 2014
French auto parts maker Faurecia said today it would appeal against a 2 million euro ($2.44 million) fine imposed by the country's AMF stock market regulator for alleged selective disclosure of financial information to stock analysts in 2012....
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CarMax says Q3 net income rose 22% to $130 million

9:14 am U.S. ET | Dec. 19, 2014
CarMax, the largest used-car seller in the United States, said net income surged 22 percent in its third fiscal quarter as easier credit boosted vehicle sales....
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Ally's six-year bailout ends after U.S. sells $1.28 billion stake

7:48 pm U.S. ET | Dec. 18, 2014
The Treasury disposed of its remaining $1.28 billion stake in auto lender Ally Financial, resolving the last big bailout from an emergency government program to halt the 2008 financial crisis. Ally said the government ultimately gained $2.4 billion from its investment....
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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....
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Will cheap gasoline hurt Tesla?

7:47 am U.S. ET | Dec. 10, 2014
Tesla Motors Inc. customers are rich enough to buy luxury cars whatever the cost of a tank of gasoline. So the oil rout may not hammer the stock for long....
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Tesla stock drops with oil prices, but will it bounce back?

7:12 am U.S. ET | Dec. 9, 2014
Tesla Motors customers are rich enough to keep buying luxury cars whatever the cost of a tank of gasoline. So the oil rout probably won't hammer the stock for long -- the shares plunged 14 percent since Thanksgiving....
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Fiat Chrysler launches $2.5 billion bond, share offer

Dec. 5, 2014 10:45 CET
Fiat Chrysler says it has launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan....
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'Investors do not want to have anything to do with Takata shares'

6:33 am U.S. ET | Dec. 1, 2014
Investors are piling into bets against Takata as the U.S. pushes for nationwide recalls to replace its faulty airbags and members of Congress prepare to renew their scrutiny of defects linked to five deaths....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector takes hit in Q3

Nov. 26, 2014 06:01 CET
Automakers and suppliers were hit hard in the third quarter while car retailers continued to make gains, according to the Automotive News Europe/PwC shareholder value report....
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TRW shareholders approve $13.5 billion takeover by ZF

7:21 am U.S. ET | Nov. 20, 2014
TRW Automotive shareholders today approved a $13.5 billion takeover offer by Germany's ZF Friedrichshafen, the companies said, paving the way for a new global automotive supply powerhouse to rival Robert Bosch....
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GM getting positive reviews on Wall Street despite record recalls

8:51 am U.S. ET | Nov. 19, 2014
If relative value means anything, GM may be the best buy in the auto industry. That, at least, is the consensus of bullish analysts, who are extolling the highest-quality vehicles in decades and operating margins to go with them, even as GM suffers a record recall of cars....
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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....
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Ferrari stock offering expected in Q2 or Q3 in 2015, Marchionne says

12:18 pm U.S. ET | Nov. 11, 2014
The initial public offering of luxury carmaker Ferrari is expected to happen between the second and the third quarter of 2015, Fiat Chrysler CEO Sergio Marchionne said today....
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Hyundai Motor, Kia to spend $616 million to buy back shares

7:14 am U.S. ET | Nov. 11, 2014
Hyundai Motor and Kia Motors will buy back a combined 670 billion won ($616 million) of stock after their purchase of a Seoul property for three times the assessed price spurred a sell-off....
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Ryan Hunter-Reay races to Indy 500 winner’s circle

Ryan Hunter-Reay races to Indy 500 winner’s circle

BorgWarner’s video montage highlighting 2014 Indianapolis 500 winner Ryan Hunter-Reay. Thu., January 15
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