Stock Activity

Hertz raises U.S. prices as fleet costs increase

5:16 pm U.S. ET | Dec. 23, 2014
Hertz Global Holdings raised prices for rental cars to be picked up January 1 or later. The stock had its biggest gain of the year, and Avis shares soared, too....
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Faurecia vows to appeal $2.4M fine for market breaches

12:47 pm U.S. ET | Dec. 23, 2014
French auto parts maker Faurecia said today it would appeal against a 2 million euro ($2.44 million) fine imposed by the country's AMF stock market regulator for alleged selective disclosure of financial information to stock analysts in 2012....
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CarMax says Q3 net income rose 22% to $130 million

9:14 am U.S. ET | Dec. 19, 2014
CarMax, the largest used-car seller in the United States, said net income surged 22 percent in its third fiscal quarter as easier credit boosted vehicle sales....
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Ally's six-year bailout ends after U.S. sells $1.28 billion stake

7:48 pm U.S. ET | Dec. 18, 2014
The Treasury disposed of its remaining $1.28 billion stake in auto lender Ally Financial, resolving the last big bailout from an emergency government program to halt the 2008 financial crisis. Ally said the government ultimately gained $2.4 billion from its investment....
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Fiat Chrysler sells stock at discount after NY slump

Dec. 11, 2014 11:06 CET
Fiat Chrysler's share sale will carry a discount of 4 percent after the stock plunged the most in New York since the company's October debut. CEO Sergio Marchionne is seeking to raise about $5 billion to counter mounting debt....
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Will cheap gasoline hurt Tesla?

7:47 am U.S. ET | Dec. 10, 2014
Tesla Motors Inc. customers are rich enough to buy luxury cars whatever the cost of a tank of gasoline. So the oil rout may not hammer the stock for long....
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Tesla stock drops with oil prices, but will it bounce back?

7:12 am U.S. ET | Dec. 9, 2014
Tesla Motors customers are rich enough to keep buying luxury cars whatever the cost of a tank of gasoline. So the oil rout probably won't hammer the stock for long -- the shares plunged 14 percent since Thanksgiving....
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Fiat Chrysler launches $2.5 billion bond, share offer

Dec. 5, 2014 10:45 CET
Fiat Chrysler says it has launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan....
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'Investors do not want to have anything to do with Takata shares'

6:33 am U.S. ET | Dec. 1, 2014
Investors are piling into bets against Takata as the U.S. pushes for nationwide recalls to replace its faulty airbags and members of Congress prepare to renew their scrutiny of defects linked to five deaths....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector takes hit in Q3

Nov. 26, 2014 06:01 CET
Automakers and suppliers were hit hard in the third quarter while car retailers continued to make gains, according to the Automotive News Europe/PwC shareholder value report....
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TRW shareholders approve $13.5 billion takeover by ZF

7:21 am U.S. ET | Nov. 20, 2014
TRW Automotive shareholders today approved a $13.5 billion takeover offer by Germany's ZF Friedrichshafen, the companies said, paving the way for a new global automotive supply powerhouse to rival Robert Bosch....
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GM getting positive reviews on Wall Street despite record recalls

8:51 am U.S. ET | Nov. 19, 2014
If relative value means anything, GM may be the best buy in the auto industry. That, at least, is the consensus of bullish analysts, who are extolling the highest-quality vehicles in decades and operating margins to go with them, even as GM suffers a record recall of cars....
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Carlyle’s Axalta auto-paint company rises in trading debut

4:16 pm U.S. ET | Nov. 12, 2014
Axalta Coating Systems, the former DuPont auto-paint unit now backed by Carlyle Group LP, rose in its first day of trading after raising $975 million in an initial public stock offering....
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Ferrari stock offering expected in Q2 or Q3 in 2015, Marchionne says

12:18 pm U.S. ET | Nov. 11, 2014
The initial public offering of luxury carmaker Ferrari is expected to happen between the second and the third quarter of 2015, Fiat Chrysler CEO Sergio Marchionne said today....
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Hyundai Motor, Kia to spend $616 million to buy back shares

7:14 am U.S. ET | Nov. 11, 2014
Hyundai Motor and Kia Motors will buy back a combined 670 billion won ($616 million) of stock after their purchase of a Seoul property for three times the assessed price spurred a sell-off....
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Marchionne gains $13 million with stock sale after Ferrari deal

Nov. 4, 2014 18:42 CET
Fiat Chrysler Automobiles CEO Sergio Marchionne made about 10.7 million euros ($13.4 million) from a surge in the automaker's share price after he announced a plan to spin off Ferrari....
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Johnson Controls profit beats estimates as car seat demand rises

10:05 am U.S. ET | Oct. 30, 2014
Johnson Controls posted a better-than-expected quarterly profit, driven by higher sales of its car seats in North America and a lower expected tax bill....
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Fiat Chrysler Q3 profit rises on Jeep demand

9:16 am U.S. ET | Oct. 29, 2014
Fiat Chrysler Automobiles reported a 7.4 percent increase in profit in the third quarter, bolstered by sales growth in the United States....
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Tesla stock bounces back 10% after Musk disputes WSJ on Twitter

4:05 pm U.S. ET | Oct. 28, 2014
Tesla CEO Elon Musk tweeted that sales of the electric Model S rose 65 percent in North America last month and reached a “record high” worldwide....
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CHRISTIAN HETZNER

Tesla shares overvalued? Why Daimler dumped them

12:01 am U.S. ET | Oct. 27, 2014
Daimler's leaders apparently believe investors have gotten ahead of themselves in their exuberance for Elon Musk's California-based electric vehicle manufacturer....
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Ford's Fields takes his lumps in Q3, looks to next year

7:06 am U.S. ET | Oct. 24, 2014
Ford CEO Mark Fields today delivered the first report card on his performance since taking over for Alan Mulally. He gave every sign that he'll have more to show off next year. While earnings and revenue fell, Fields said new vehicles on tap will deliver "strong, profitable growth."...
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Fiat Chrysler's targets seen at risk as N.A. still pressured

2:07 pm U.S. ET | Oct. 24, 2014
Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America....
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Delphi Q3 profit rises on higher demand in Asia, North America

7:39 am U.S. ET | Oct. 24, 2014
Delphi Automotive today reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America....
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Lear says Q3 profit rises 24% as global production grows

7:46 am U.S. ET | Oct. 24, 2014
Lear, which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production....
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Toyota sells some Tesla shares, cooperation still possible

5:53 pm U.S. ET | Oct. 23, 2014
Toyota said today it had sold some of its shares in Tesla Motors but that it would continue to study possible cooperation with the California electric car maker in the future....
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Special Report
Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
» Watch the Video