Fiat to Buy Rest of Chrysler for $4.35 Billion
3 Jan 2014, 09:25 UTC · By: Ciprian Florea / Italian giant Fiat is about to become the sole owner of Chrysler, as the United Auto Workers’ VEBA Trust has agreed to sell its 41.46 percent stake in the Detroit-based automaker. According...
General Motors Selling PSA Peugeot Citroen Stake
13 Dec 2013, 10:05 UTC · By: Ciprian Florea / General Motors is selling its entire seven percent stake of almost 25 million shares in PSA Peugeot Citroen through a private placement to institutional investors, the Detroit-based company announce...
US Treasury Sells More GM Stock, Cuts Stake to 7.3%
19 Sep 2013, 12:19 UTC · By: Ciprian Florea / The US Treasury has reduced its stake in General Motors to only 7.3 percent and has recovered $35.4 billion of $51 billion invested in the company back in 2009, the government said in a report. A...
Porsche-Piech Buys Qatar 10% Stake, Regains Full Porsche Holding Control
18 Jun 2013, 14:50 UTC · By: Ciprian Florea / The Porsche-Piech family has regained full control of the majority owner of Volkswagen Group after buying Qatar Holding’s ten percent stake in Porsche Automobil Holding SE. "All of Por...
Fiat to Pay $500M for US Stake in Chrysler
6 Jun 2011, 09:56 UTC · By: Daniel Patrascu / The road Italian manufacturer Fiat built on its own, the road that will soon land it full control over American car maker Chrysler is almost complete, following the announcement made on Monday that ...
Fiat Interested in Canadian Chrysler Stake
31 May 2011, 02:37 UTC · By: Daniel Patrascu / Riding the high waves these days, after it helped American manufacturer Chrysler repay its debt to the American and Canadian governments, Fiat is continuing its offensive to take complete control ov...
Fiat Increases Chrysler Stake to 30 Percent
12 Apr 2011, 08:57 UTC · By: Daniel Patrascu / When Italian manufacturer Fiat appeared like a white knight in 2009 to save the distressed Chrysler, some rejoiced, others gave the arrangement no chance of survival. Chrysler had been involved with...
Fiat Takes 25 Percent Stake in Chrysler
10 Jan 2011, 17:06 UTC · By: Daniel Patrascu / Things have gone great for American manufacturer Chrysler ever since the Italians from Fiat got a minority stake in the company and with it the right to guide Chrysler to the right path. The achieve...
GM Executives Bought Stock at Initial Price
25 Nov 2010, 10:48 UTC · By: Andrei Costea / {img}Ten GM directors and ten executives bought shares for $33 each, the initial offering price, according to documents filed Wednesday with federal regulators. General Motors Co. gave about 600,...
Mahindra to Buy Stake in Ssangyong
23 Nov 2010, 11:08 UTC · By: Andrei Costea / Ssangyong Motor Company and Indian manufacturer Mahindra & Mahindra signed an agreement on Tuesday in Seoul, regarding their future plans on the SUV market. The agreement was signed by Yooil Lee...
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...
Denso May Buy Part of Ford's Mazda Stake
21 Nov 2012, 14:06 UTC · By: Alexandru Stan / Ford may be close to salvation as Japanese financial paper Nikkei daily reports the company approached auto-parts supplier Denso to buy part of its stake in Mazda. The news comes shortly after rumor...
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&...
Aston Martin Sells 20 Percent Stake
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Representatives of the British luxury sports car manufacturer Aston Martin admitted they are currently looking to sell a 10 to 20 percent stake in the company but refused to unveil the names of pote...
Ford Selling Mazda Stakes. Not Happening Yet
21 Nov 2012, 14:06 UTC · By: Alexandru Stan / Knock, knock! Who's there? Eco. Eco who? Economical recession. Unabated by bad knock-knock jokes, auto-makers continue their route to mount Golgotha as part of a sudden journey paid for by inex...
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...
Fiat to Increase Chrysler Stake to 35 Percent
29 Mar 2010, 08:59 UTC · By: Daniel Patrascu / Pleased with how things seem to be going in the US, Fiat and Chrysler CEO Sergio Marchionne revealed late last week the Italian manufacturer will strengthen its presence in the States by increasing ...
Daimler Turns West, Aims to Buy Stake in Renault
29 Mar 2010, 08:32 UTC · By: Daniel Patrascu / The rumors surrounding a possible marriage between German giant Daimler and French manufacturer Renault are increasing in intensity, as a supposed acquisition of Renault stock from Daimler's pa...
Penske Corp. To Decrease Stake in Penske Automotive
23 Jan 2010, 14:06 UTC · By: Alexandru Radu Chis / The Bloomfield Hills, Michigan-based Penske Corporation announced it will reduce its stake in Penske Automotive Group Inc. from 40 percent to 35 percent. This will be done through a secondary offer...
Suzuki Would Say No If VW Wants to Increase Stake
22 Jan 2010, 09:13 UTC · By: Bogdan Popa / This news story will surely make some people laugh, especially if they watched the development of the VW - Suzuki negotiations. In short terms, the Japanese manufacturer denied every possible link w...