Cars
FCA Launches US$2.5 Billion Bond, Investors Tempted by Prospect of Ferrari Stock
Taking on Volkswagen and Toyota on a global scale is a very ambitious plan; even more so when the company you’re running is currently trying to raise the funds to do so.
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Toyota Reclaims Title Of World’s Most Valuable Auto Brand From Bmw
Toyota has ranked first among automakers in the BrandZ Top 100 Most Valuable Global Brands study released by market research company Millward Brown. The Japanese carmaker has overtaken last year’s best ranks car manufacturer, BMW. Toyota’s...
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Gm To Cut Its Platforms By More Than 50% In The Next Decade
At the second Annual Global Business Conference for investors and financial analysts, General Motors revealed details on a new plan that “will ensure a long-term sustainable performance†for the Detroit automaker. Among other measures is...
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Everybody Join In! More Hedge Funds Join Anti-porsche Lawsuit
In a continuation of the Porsche-Volkswagen takeover/stock controversy, 18 hedge funds added their names to a list of people taking Porsche to court in a $2 Billion lawsuit here in the States. Porsche, Wendelin Wiedeking (former CEO), and Holger Härter...
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Deutsch Bank: Gm's Shares May Become Worthless
General Motors shares plummeted $1, or 23% to $3.36 on the New York Stock Exchange today-their lowest point since 1949- after a Deutsche Bank AG analyst downgraded the automakers stocks, saying they may be worthless in a year. "Even if GM is able to secure...
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Ford Reports $2.7 Billion Operating Loss In Q3, Burns $7.7 Billion In Cash, Announces Job Cuts
It can't get any worse for Ford Motor Company - or can it? The American automaker today announced a third quarter net loss of $129 million which is actually smaller than the same period a year ago when FoMoCo lost $390 million. However, the company...
Cars