Stock Activity

Ontario plans to unload remaining stake in GM

1:29 pm U.S. ET | April 11, 2014
The Canadian province of Ontario plans to sell its remaining shares of General Motors Co. in the next year as part of a review of its state-owned assets.... Read More »

 

GM investors unshaken as recall cuts $3 billion in stock market value

1:48 pm U.S. ET | April 7, 2014
Some of GM's institutional investors say they're keeping faith in the stock after the recall crisis wiped out more than $3 billion in shareholders' value over four weeks. CEO Mary Barra has apologized for the lives lost in accidents tied to an ignition switch defect and promised an aggressive investigation into why it took so long to do anything even though some at GM knew about the faulty switches as early as 2001.... Read More »

 

TrueCar files plans to go public with stock

5:37 am U.S. ET | April 4, 2014
Online auto-shopping service TrueCar said today it has filed a statement with the Securities and Exchange Commission to sell shares in an initial public offering. The company said it could raise as much as $125 million from the stock sale.... Read More »

 

CarMax says quarterly gross profit rises 4%

9:27 am U.S. ET | April 4, 2014
Used car retailer CarMax reported a 4 percent gain in gross profits during the final quarter of its fiscal year, but an accounting correction and tepid sales to subprime customers caused net income to drop slightly from a year ago.... Read More »

 

Daimler to acquire Evonik's stake in battery cell venture Li-Tec

April 1, 2014 11:48 CET
Daimler will acquire Evonik Industries' 50.1 percent stake in their Li-Tec joint venture, making it the sole owner of the lithium ion battery cell manufacturer.... Read More »

 

JENNIFER CLARK

End of an era at Fiat

12:01 am U.S. ET | April 1, 2014
Fiat held its last annual shareholder's meeting in Turin. The next one will be in the Netherlands, which is like Ford Motor holding its annual assembly in Canada.... Read More »

 

Ally Financial IPO could generate $2.7 billion for U.S. Treasury

9:00 am U.S. ET | March 27, 2014
Ally Financial, the former GMAC auto lender rescued by the federal government during the 2008 financial crisis, is helping the Treasury Department divest its stake by seeking as much as $2.7 billion in an initial public offering.... Read More »

 

JIM HENRY

Ally takes step toward 'free at last' with IPO

12:01 am U.S. ET | March 27, 2014
It's been a long time coming, but Ally Financial finally filed for its initial public stock offering today -- another step in a long process toward becoming a truly independent company.... Read More »

 

Toyota buying back stock for first time since 2009 as cash grows

12:51 pm U.S. ET | March 26, 2014
Toyota said it will buy back stock for the first time in five years as its cash pile swells and profit climbs. Toyota will repurchase as many as 60 million shares, equivalent to a 1.9 percent stake, for 360 billion yen ($3.5 billion), according to a statement Tuesday. The company, which last bought back stock in February 2009, plans to retire about half of those shares by the end of June.... Read More »

 

Wall Street assesses GM's reputation damage

3:22 pm U.S. ET | March 14, 2014
The potential hit to General Motors' reputation from its recall of 1.6 million cars for faulty ignition switches poses a greater risk than the associated financial costs, analysts say.... Read More »

 

GM board to lose three members as UCLA's Telles says she will step down

5:10 pm U.S. ET | March 13, 2014
General Motors now expects to lose three of its outside board members this year. Cynthia Telles, who joined the GM board in April 2010, plans to step down after the company's annual shareholder meeting this summer, GM said today.... Read More »

 

French government to cut stake in Valeo

March 12, 2014 11:48 CET
The French government will reduce its stake in supplier Valeo, reversing a move it made five years ago as part of its attempts to shore up the country's crisis-hit car industry.... Read More »

 

GM assures analysts of pricing 'discipline' amid rising truck discounts

7:24 am U.S. ET | March 6, 2014
General Motors has been ratcheting up discounts on its full-size pickups over the last month, but it is telling Wall Street analysts that it intends to maintain premium pricing and margins on the trucks despite a drop in volume and market share.... Read More »

 

Ford awards Mulally $13.8 million in stock for 2013 performance

5:08 pm U.S. ET | March 6, 2014
Ford awarded CEO Alan Mulally $13.8 million in stock for the automaker's performance last year when its profits grew in North America and sales picked up speed in China.... Read More »

 

Tesla and its high-flying shares defy odds, still face skeptics

10:49 am U.S. ET | Feb. 28, 2014
Tesla, propelled by praise from Consumer Reports and plans to build a better battery and expand in Asia, has cemented its place as the highest-flying automobile stock in at least two decades.... Read More »

 

Fiat said to consider $2 billion mandatory convertible bond

Feb. 27, 2014 15:49 CET
Fiat is considering selling about 1.5 billion euros ($2.05 billion) in mandatory convertible bonds to cut debt following its merger with Chrysler Group, sources said.... Read More »

 

Tesla plans $1.6 billion offering to fund gigafactory

4:49 pm U.S. ET | Feb. 26, 2014
Tesla is offering $1.6 billion of convertible senior notes to help fund a battery factory.... Read More »

 

Tesla stock soars amid talk that 'gigafactory' could transform power industry

10:25 am U.S. ET | Feb. 25, 2014
Tesla Motors Inc.'s plan to ramp up battery production by building what CEO Elon Musk calls a “gigafactory” may do even more to transform the power industry than it does to advance the electric car.... Read More »

 

Tesla's Musk confirms Apple talks, says deal 'unlikely'

2:10 pm U.S. ET | Feb. 20, 2014
Tesla Motors Inc has had "conversations" with Apple, CEO Elon Musk confirmed to Bloomberg TV today, responding to speculation that the iPhone and iPad maker had shown interest in the electric car company.... Read More »

 

Lithia reports 38% rise in Q4 net income on better cost controls

10:49 am U.S. ET | Feb. 19, 2014
Lithia Motors today reported a 38 percent gain in fourth-quarter net income along with the highest annual revenue in company history, as it credited continued cost controls and robust sales of new and used vehicles.... Read More »

 

Tesla stock hits new high on Apple rumors

3:40 pm U.S. ET | Feb. 18, 2014
Tesla Motors shares traded at a record high today amid speculation about the nature of a 2013 meeting between the electric-car maker's CEO, Elon Musk, and Apple's head of mergers and acquisitions, four analysts said.... Read More »

 

BRUCE GAIN

French gov't will be 'decisive' PSA stakeholder

12:01 am U.S. ET | Feb. 13, 2014
The French government doesn't intend to be a silent partner when it takes an expected step to acquire a 14 percent stake in PSA/Peugeot-Citroen.... Read More »

 

Dongfeng confirms talks with PSA but says no deal reached

Feb. 10, 2014 10:47 CET
Dongfeng confirmed that it had held talks with PSA about a potential investment in the French carmaker, but said no agreement had yet been reached between the two groups.... Read More »

 

PHILIP NUSSEL

Will analysts' expectations continue to rule the economy?

3:02 pm U.S. ET | Feb. 7, 2014
We've all known for years that analyst speculation is more important than any real numbers put out by companies or the government. And based on the way the financial media report the numbers, it seems abundantly clear that analysts' expectations can never be wrong. Or could that be changing, maybe just a teensy bit?... Read More »

 

GM's Q4 profit grows 2% on strong N.A., China results

7:31 am U.S. ET | Feb. 6, 2014
General Motors rode strong pricing in North America and sales growth in China to slightly higher fourth-quarter profits, even as its performance skidded in other international markets. GM said its net income for the October-December period rose 2 percent from a year earlier, to $913 million, marking its 16th straight quarterly profit since exiting bankruptcy.... Read More »

 

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