Cars
A recently posted Bloomberg report says that the Canadian government has made its intentions clear regarding its continued involvement with General Motors. It is now looking for interested parties who would want buy its stake in the American automotive giant. They currently hold 140 million common shares, which equate to a 10 percent stake valued at $5.1 (€3.84) billion. Read more »
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Gm: Opel's New Owner To Be Chosen By End Of May
In a news conference in Detroit today, General Motors CEO Fritz Henderson told reporters that the company will single out a buyer for Opel and its British sister brand Vauxhall, before the end of May. "We are speaking with multiple bidders. We would like...
- Gm Sells Leftover Suzuki Stake To Raise Cash
While awaiting a decision on a $25 billion U.S. government aid for the auto industry, cash-strapped General Motors decided to sell back its 3.0 percent stake in Suzuki Motor Cooperation for 22.37 billion yen or $230 million. Suzuki issued an official...
- Breaking News: Ford Planning To Sell Mazda Shares
In a weekend full of surprises and bewilderment for the American auto industry, right after reports of Chrysler holding merger talks with GM hit the web, Japanese media reported Saturday that Ford Motor Company was seriously considering selling its stake...
Cars
Canadian Government Plans to Offload 10 Percent Stake in GM "As Quickly As Feasible"
A recently posted Bloomberg report says that the Canadian government has made its intentions clear regarding its continued involvement with General Motors. It is now looking for interested parties who would want buy its stake in the American automotive giant. They currently hold 140 million common shares, which equate to a 10 percent stake valued at $5.1 (€3.84) billion. Read more »
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Gm: Opel's New Owner To Be Chosen By End Of May
In a news conference in Detroit today, General Motors CEO Fritz Henderson told reporters that the company will single out a buyer for Opel and its British sister brand Vauxhall, before the end of May. "We are speaking with multiple bidders. We would like...
- Gm Sells Leftover Suzuki Stake To Raise Cash
While awaiting a decision on a $25 billion U.S. government aid for the auto industry, cash-strapped General Motors decided to sell back its 3.0 percent stake in Suzuki Motor Cooperation for 22.37 billion yen or $230 million. Suzuki issued an official...
- Breaking News: Ford Planning To Sell Mazda Shares
In a weekend full of surprises and bewilderment for the American auto industry, right after reports of Chrysler holding merger talks with GM hit the web, Japanese media reported Saturday that Ford Motor Company was seriously considering selling its stake...