Stock Activity

Marchionne raises FCA stake as Ferrari spinoff nears

Feb. 27, 2015 13:53 CET
Fiat Chrysler Automobiles CEO Sergio Marchionne has increased his voting stake in FCA to nearly 1 percent after raising his shareholding in the company by 2.3 million common shares to 14.4 million as the automaker readies to spin off Ferrari....
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Federal-Mogul delays split into two public companies

9:58 am U.S. ET | Feb. 26, 2015
Federal-Mogul, the powertrain and aftermarket parts supplier controlled by Wall Street investment mogul Carl Icahn, said this week it will delay a prior plan to split into two separate public companies during the first half of this year....
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Porsche hedge-fund lawsuit faces dismissal in Germany

Feb. 26, 2015 15:14 CET
Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE in Germany over its failed attempt to take over carmaker Volkswagen Group in 2008 will likely have their case dismissed, according to a German judge....
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Magna cuts sales forecast on weak Europe demand, approves stock split

7:01 am U.S. ET | Feb. 25, 2015
Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe....
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Buffett, Soros boost stakes in GM, report says

8:00 am U.S. ET | Feb. 18, 2015
Warren Buffett and George Soros, the billionaires making headlines with moves to invest in auto retail, have boosted their stakes in General Motors, The Wall Street Journal reported....
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Family owners of Ferrari say they will not sell stake

10:36 am U.S. ET | Feb. 18, 2015
Piero Ferrari, son of the eponymous luxury sports car company's founder Enzo Ferrari, said today he had no intention to sell the 10 percent stake his family owns in the company....
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Lear to buy more shares, boost dividend

10:09 am U.S. ET | Feb. 17, 2015
Weeks after receiving a letter from an activist investor urging the company to split into two separately traded public companies, Lear said today it will increase its share repurchase program and quarterly dividend....
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NEWS ANALYSIS

Harry Wilson's unfinished business at GM

12:01 am U.S. ET | Feb. 14, 2015
Harry Wilson's quest for a seat on General Motors' board is about more than the automaker's $25 billion cash stockpile. But on many measures, the former Obama administration auto task force member is saying essentially the same things as GM CEO Mary Barra and her team....
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NEWS ANALYSIS

GM faces investor demand for slice of $25 billion cash hoard

8:34 pm U.S. ET | Feb. 12, 2015
An investor group demand that General Motors give back more of its $25 billion cash hoard confronts CEO Mary Barra with a challenge to her plans for building the company and rewarding shareholders....
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GM seeks banks' advice on dealing with activist investor group

12:13 pm U.S. ET | Feb. 12, 2015
General Motors has turned to two investment banks to help it come up with a response to a shareholder group demanding $8 billion in stock buybacks and a seat on the board of the automaker, the company told Reuters....
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BorgWarner Q4 revenue rises as net income declines slightly

11:04 am U.S. ET | Feb. 12, 2015
BorgWarner, the turbocharger and emissions systems supplier, reported today fourth-quarter gains in revenues and a slight decline in net income....
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Wilson sees plenty to fix at GM

12:47 pm U.S. ET | Feb. 11, 2015
Harry Wilson has made it clear that General Motors' inert cash pile is just the first problem he would like a chance to fix if he gets himself elected to GM's board. "This is certainly much broader than a capital return question," Wilson said Tuesday....
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GM was considering buyback since before activist pressure, report says

3:46 pm U.S. ET | Feb. 11, 2015
Even before former Treasury official Harry Wilson showed up at General Motors asking for a share buyback, the automaker was considering just such a move that could come later in this year, a person familiar with the matter told Bloomberg....
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MIKE COLIAS

How much damage can GM's financial 'fortress' sustain?

1:54 pm U.S. ET | Feb. 10, 2015
Marauders are storming GM's “fortress balance sheet.” Or at least, they're knocking loudly on the door....
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GM management too slow, vague, Wilson says

4:54 pm U.S. ET | Feb. 10, 2015
General Motors' management has been too slow to make changes that would improve profitability and too vague in setting near-term milestones for performance, the leader of an investor group seeking a seat on the board said on Tuesday....
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Former Obama aide says $8 billion buyback will unlock GM’s value

9:05 am U.S. ET | Feb. 10, 2015
Harry Wilson, a member of President Barack Obama's auto task force that restructured GM and Chrysler, intends to nominate himself for a seat on the board of GM and propose an $8 billion stock buyback, setting off a new debate over how to manage and allocate the company's financial resources....
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Fiat Chrysler stock surge fails to win over skeptical analysts

8:26 am U.S. ET | Feb. 10, 2015
Buoyed by plans to spin off Ferrari, Fiat Chrysler boss Sergio Marchionne has supplanted Tesla Motors' Elon Musk as the CEO with the car industry's best-performing stock. Analyst skepticism is as high as the share price....
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Group 1's adjusted Q4 net hits record; GAAP operating profits, net fall

8:56 am U.S. ET | Feb. 5, 2015
Group 1's fourth-quarter adjusted net income rose 41 percent to a record $41 million, on an 11 percent rise in revenue, the nation's third-largest auto retailer said today....
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Ontario sells last GM shares for $875 million

7:14 am U.S. ET | Feb. 5, 2015
Ontario’s government sold its last remaining General Motors shares acquired during the automaker’s 2009 bailout, saying it would invest the $875 million of proceeds in an infrastructure fund....
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GM to raise dividend, hints more for investors could come later this year

10:14 am U.S. ET | Feb. 4, 2015
General Motors said today it plans to raise its dividend by 20 percent, a move that comes as investors are calling on the auto giant to give them a bigger slice of the company's mounting pile of cash....
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Fiat Chrysler's U.S. operating profits rise in Q4

11:30 am U.S. ET | Feb. 3, 2015
Fiat Chrysler Automobiles' US subsidiary reported its fourth-quarter earnings excluding special items rose 1.5 percent to $669 million. For the year, FCA US reported a 31 percent gain on the same basis to $2.4 billion, as continued sales growth offset one-time charges related to its merger a year earlier....
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Activist investor urges Lear to split in two for seating, electronics

11:25 am U.S. ET | Feb. 3, 2015
An activist investor is urging Lear to split in two for better shareholder value. Marcato Capital Management LLC sent a letter to Lear's board today urging the company to split its two divisions -- electrical and seating -- into two separate companies....
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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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