Stock Activity

Suzuki will defend its independence after 4-year dispute with VW ends

Aug. 31, 2015 11:14 CET

Suzuki plans to defend its hard-won independence after arbitrators upheld the Japanese automaker's request to terminate a 2009 agreement with Volkswagen. VW will sell its 19.9 percent Suzuki stake, valued at about $3.8 billion....
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China's BAIC in talks to take Daimler stake, report says

Aug. 27, 2015 11:09 CET

Chinese automaker BAIC Motor is in talks with Daimler about taking a stake in the German luxury carmaker, Reuters reported. If a deal is completed BAIC will become one of Daimler's top shareholders after Kuwait and Renault-Nissan....
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Market slump casts shadow over how U.S. sales will finish August

2:45 pm U.S. ET | Aug. 24, 2015

Slumping stock markets could make it tough for dealerships to hit their August targets for U.S. new-vehicle sales, rattling consumers who might be on the fence about making a big purchase. The broad declines in U.S. equity markets also pushed shares of General Motors and Ford to 52-week lows Monday before rebounding....
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YANG JIAN

BLOG: Why the Chinese market rout is hitting global auto brands

5:04 am U.S. ET | Aug. 21, 2015

The Chinese government's decision to allow small- and medium-sized businesses to list on the stock market produced a rout that wiped out the wealth of middle-class consumers, the main customers for global automakers....
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YANG JIAN

BLOG: Why the Chinese market rout is hitting global auto brands

5:04 am U.S. ET | Aug. 21, 2015

The Chinese government's decision to allow small and medium-sized businesses to list on the stock market produced a rout that wiped out the wealth of middle-class consumers, the main customers for global automakers....
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Tesla stock sale raises $738 million

6:05 pm U.S. ET | Aug. 19, 2015

Tesla said the underwriters of its secondary stock sale exercised their option for additional shares, boosting the proceeds to an estimated $738.3 million. The EV maker sold 3.1 million shares at $242, providing a cash cushion as it prepares to begin deliveries of its Model X SUV....
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Tesla stock price predicted to nearly double, Morgan Stanley says

1:49 pm U.S. ET | Aug. 17, 2015

Forget about a mere 15 percent increase in stock value -- how about a 90 percent one? That's how bullish Morgan Stanley analyst Adam Jonas is on Tesla....
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Tesla raises share offering to $642.5 million

7:10 am U.S. ET | Aug. 14, 2015

Electric automaker Tesla Motors said today it was looking to raise about $642.5 million through a share sale, above the $500 million it announced on Thursday....
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Tesla seeks to raise about $500 million through share sale

7:18 am U.S. ET | Aug. 13, 2015

Tesla Motors plans to raise about $500 million through the sale of 2.1 million shares. CEO Elon Musk has indicated an interest in buying nearly 84,000 shares for about $20 million in the offering, the company said today....
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GABE NELSON

BLOG: Tesla strikes while the iron's hot

1:11 pm U.S. ET | Aug. 13, 2015

At certain points in their lives, even obsessive billionaires like Elon Musk must come to terms with the fact that some things are beyond their control....
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CDK Global exploring sale to private equity firms, report says

4:52 pm U.S. ET | Aug. 11, 2015

CDK Global, one of the two dominant providers of dealer management system software used by auto retailers to help run their stores, is meeting with private equity firms to gauge their interest in buying the company, people with knowledge of the matter told Bloomberg....
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NEWS ANALYSIS

Tesla burns cash, loses more than $4,000 on every car sold

7:58 am U.S. ET | Aug. 9, 2015

It's crunch time for Tesla. The automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next....
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Mobileye posts Q2 gains on surging demand for automated driving technology

11:46 am U.S. ET | Aug. 7, 2015

Mobileye NV, one of the emerging providers of vision technology and software for crash-avoidance systems, said its net income surged in the second quarter as the auto industry continues to ramp up plans for autonomous cars....
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New York hedge fund takes Suzuki stake on India, end to VW arbitration

Aug. 3, 2015 11:21 CET

Suzuki rose to a record in Tokyo trading today after a New York-based hedge fund said it had acquired an undisclosed stake in the automaker....
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BorgWarner Q2 earnings fall 21%

10:29 am U.S. ET | July 30, 2015

Auto supplier BorgWarner said its second-quarter earnings and revenue were hurt by the stronger U.S. dollar and lower-than-expected sales in China and other parts of the world....
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FCA's Q2 profit rises 69% on strong NAFTA sales

9:02 am U.S. ET | July 30, 2015

Fiat Chrysler Automobiles said its second-quarter net income rose 69 percent to 333 million euros ($364 million) on a strong performance in North America and record global Jeep sales....
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France prepares to sell 5% stake in Renault

July 30, 2015 13:41 CET

France is preparing to sell the 5 percent Renault stake it acquired earlier this year to secure a doubling of voting rights for longer-term investors, Economy Minister Emmanuel Macron said....
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Penske Automotive Q2 earnings rise 29.5%

9:06 am U.S. ET | July 29, 2015

Penske Automotive Group reported second-quarter net income rose 29 percent driven largely by a higher volume of vehicle sales and a solid performance in all business segments....
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Ford Q2 net soars 44% for strongest auto profit in 15 years

7:00 am U.S. ET | July 28, 2015

Ford's second-quarter net income increased 44 percent from a year earlier to $1.9 billion, marking the best quarterly profit from its automotive business since 2000. The automaker posted a record quarterly profit in North America, despite lackluster sales in the U.S., as the redesigned F-150 and other vehicles commanded higher prices....
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JCI plans spin-off of auto seating, interiors units

9:30 am U.S. ET | July 24, 2015

Johnson Controls plans to spin off its automotive seating and interiors businesses, which will operate as an independent, publicly traded company. Bruce McDonald, currently JCI's vice chairman and executive vice president, will become chairman and CEO of the new company....
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Ferrari stock faces soaring Testarossa prices for investor favor

6:19 am U.S. ET | July 24, 2015

Ferrari's upcoming stock listing may struggle for investor attention with competitors in its own ranks. Buying one of the Italian supercars, like a Testarossa, has generated gains that are hard to beat....
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Ferrari IPO filed in New York to raise funds for Fiat Chrysler

July 23, 2015 12:45 CET

Fiat Chrysler Automobiles' plan to raise money for expansion by spinning off Ferrari took a step forward with the automaker filing the unit's initial public offering on the New York Stock Exchange....
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Ferrari files for IPO to raise funds for Fiat Chrysler

8:49 am U.S. ET | July 23, 2015

Fiat Chrysler Automobiles NV's plan to raise money by spinning off Ferrari took a step forward with the automaker filing for the unit's initial public offering on the New York Stock Exchange....
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Fiat Chrysler exploring $3.3 billion sale of auto parts unit Magneti Marelli, report says

4:45 pm U.S. ET | July 17, 2015

Fiat Chrysler Automobiles is considering whether to sell its auto parts maker Magneti Marelli after receiving interest from potential buyers, sources familiar with the matter told Reuters. At least two private equity funds are looking to team up with industry players and submit joint bids for Magneti Marelli, which supplies all major carmakers in Europe, the Americas and Asia, three sources said....
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Ferrari IPO filing to come in days, Marchionne says

5:11 pm U.S. ET | July 10, 2015

Ferrari SpA, the supercar maker being spun off by Fiat Chrysler Automobiles, is close to filing for an initial public offering, Fiat Chrysler CEO Sergio Marchionne said....
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