Volkswagen Takes Over Audi Completely, Buys All Remaining Shares
2 Aug 2020, 09:12 UTC · By: Daniel Patrascu / Volkswagen to pay an estimated €230 million ($274 million) for the 0.36 percent of shares it still had no control over, becomes full owner of Audi
Ross Brawn to Sell Share in Mercedes GP
2 Feb 2011, 13:20 UTC · By: Ovidiu Panzariu / Ross Brawn's days as team owner in Formula 1 are coming to an end, as the 56-year old Englishman is about to sell his share in the Mercedes GP team to the German carmaker in the upcoming weeks....
GM Hungry for Money, Sells Remaining Suzuki Stake
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors continues its race for money with a new move, this time planning to sell the remaining Suzuki stake for no less than $230 million, according to a statement signed by GM and released t...
Volkswagen Becomes World's Most Valuable Company
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / German car manufacturer Volkswagen became the world's most valuable company after Porsche SE announced plans to increase its VW stake to 75 percent. Volkswagen overtook Exxon Mobil Corporation&...
Ford-Mazda - “The Best Working Alliance That Has Existed!”
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even if American carmaker Ford plans to sell all, or at least, a part of its 33.4 percent controlling interest in Mazda, the relationship between the two manufacturers will remain very strong, repre...
Porsche's VW Stake Increases Automakers' Shares
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / News that Porsche raised its Volkswagen stake to 50.8 percent and reports that the German manufacturer targets another 24.2 percent had a strong impact over the automotive market, with shares of sev...
GM Ups the Stakes in IPO Offering
16 Nov 2010, 13:51 UTC · By: Daniel Patrascu / Steven Rattner' wishes came true today, as American manufacturer GM announced it has decided to ask more and offer more in the upcoming initial public offering (IPO). Simply put, the price of i...
Magna's Shareholders' Dual Share Dilemma
16 Jun 2010, 10:14 UTC · By: Daniel Patrascu / After back in early May, Frank Stronach, founder of Magna International, agreed to sell the Class B stock which gave him 66 percent of the voting rights, he opened the doors for the elimination of t...
McLaren Buys Back the Majority of Shares Owned by Mercedes
19 Mar 2010, 06:07 UTC · By: Ovidiu Panzariu / Four months after they've announced they'll part ways with Mercedes Benz in Formula One, McLaren Automotive seems to have already purchased back a big stake in the Woking organization back...
Toyota Shares Drop for the Sixth Day
29 Jan 2010, 14:06 UTC · By: Alex Vasile / This year does not seem to be one of Toyota’s best, as the Japanese manufacturer becomes more and more controversial by the day. Impressive recall numbers come up every 24 hours and it seems l...
Audi Announced Share Purchase in FC Bayern Munchen
26 Nov 2009, 16:12 UTC · By: Alex Vasile / Audi announced that, despite the recession, it has bought a stake in FC Bayern Munchen, the German football team. This is meant to tighten the relationship between the two, as Audi has sponsored the...
Qatar Gets Big Discount on Porsche's VW Shares
19 Aug 2009, 15:05 UTC · By: Daniel Patrascu / To be more precise, the Arab state managed to get its quota of VW shares after paying barely more than half the current price of the respective stock. The report in the German media made VW shares g...
Pininfarina to Get New Owner, Focus on Electric Cars
24 Mar 2009, 10:32 UTC · By: Daniel Patrascu / The increasing debt the Italian car design/engineering company finds itself in will force the firm to sell the stake Pincar, the group's family holding company, has in Pininfarina. In agreement...