Cars
The U.S. Treasury sold 22 million GM shares and wants to offload another 30 million shares of GM common stock in a 50-million-share offering that also includes a sale by the UAW union’s GM retiree health-care trust, the second-biggest shareholder behind the U.S. government with 160.2 million shares. Read more »
- Now That's A "cash Cow": Ferrari’s Ipo Brings $893 Million For Fca [w/videos]
Fiat Chrysler Automobiles (FCA) raised $893 million (€800 million) from Ferrari’s US initial public offering at the New York Stock Exchange. As expected, the shares got priced at the top end of the marketed range as investor demand vastly...
- Gm Plans To Buy Back 200 Million Shares From The U.s. Treasury For Us$5.5 Billion
When should one sell their stocks? Well, that’s a question faced by each and every stock holder around the globe. The U.S. Department of the Treasury, which after the 2009 bailout, owns 32 percent of General Motor stock, has been deliberating...
- China's Youngman And Pang Da Say Saab Deal Is Still On
Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term...
- Fiat Completes Purchase Of Chrysler From U.s. And Canadian Governments, Us Taxpayers Lose $1.3 Billion
The Fiat Group today purchased the remaining Chrysler LLC shares held by the U.S. and Canadian governments. The Italian company acquired a 1.5% fully diluted stake in Chrysler Group LLC from Canada for US$125 million, and a 6% stake from the United States...
- 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...
Cars
U.S. Government Sells 22 Million GM Shares, Still Owns 13.8%
The U.S. Treasury sold 22 million GM shares and wants to offload another 30 million shares of GM common stock in a 50-million-share offering that also includes a sale by the UAW union’s GM retiree health-care trust, the second-biggest shareholder behind the U.S. government with 160.2 million shares. Read more »
- Now That's A "cash Cow": Ferrari’s Ipo Brings $893 Million For Fca [w/videos]
Fiat Chrysler Automobiles (FCA) raised $893 million (€800 million) from Ferrari’s US initial public offering at the New York Stock Exchange. As expected, the shares got priced at the top end of the marketed range as investor demand vastly...
- Gm Plans To Buy Back 200 Million Shares From The U.s. Treasury For Us$5.5 Billion
When should one sell their stocks? Well, that’s a question faced by each and every stock holder around the globe. The U.S. Department of the Treasury, which after the 2009 bailout, owns 32 percent of General Motor stock, has been deliberating...
- China's Youngman And Pang Da Say Saab Deal Is Still On
Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term...
- Fiat Completes Purchase Of Chrysler From U.s. And Canadian Governments, Us Taxpayers Lose $1.3 Billion
The Fiat Group today purchased the remaining Chrysler LLC shares held by the U.S. and Canadian governments. The Italian company acquired a 1.5% fully diluted stake in Chrysler Group LLC from Canada for US$125 million, and a 6% stake from the United States...
- 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...