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General Motors Files for IPO; Says Buh-Bye to Socialism
General Motors has just announced the filing of papers with the Securities and Exchange Commission for an Initial Public Offering (IPO) that will see the company handed back over to investors and...
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SAIC Looking To Buy GM IPO Shares
General Motors upcoming IPO is attracting a lot of attention, not least from Chinese car manufacturer SAIC. A long time partner of the General, SAIC is looking to buy a significant portion of GM’s...
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Car Czar: GM IPO Price Undervalued At $29
Steve Rattner, who oversaw President Obama’s auto industry bailout, told Bloomberg News that GM’s Initial Public Offering share price was undervalued. “There is definitely a greater level of...
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General Motors Expands IPO Offering: Stock Going for Over $32 Per Share
When GM announced an Initial Public Offering (IPO) of common stock back in August, investors sat up and took notice. The mere fact that the automaker was considering to trade shares on the markets...
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GM IPO Begins First Day Of Trading
General Motors long awaited IPO began trading on Thursday, and was up approximately $2 as of 12 noon, Thursday. Listed at $33 a share, the stock price quickly climbed to $35 a share, as GM’s CEO Dan...
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Fiat Looking To Increase Stake In Chrysler Ahead Of Possible IPO
Fiat is looking to up their stake in Chrysler from 20 percent to over 50 percent, according to reports in the Detroit News. Fiat was awarded a 20 percent stake in the company as part of Chrysler’s...
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Fiat Raises Stake in Chrysler to 25 Percent
With Chrysler having met its first performance related target, in reference to the turnaround plan instigated by CEO Sergio Machionne, Fiat has now raised its stake in Detroit’s number three automaker...
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Ferrari Will Not Release IPO For Several Years
Ferrari head Luca Cordero di Montezemolo denied reports that the company was planning to go public. “There are no current plans (to list the company). Perhaps in three, four or five years. There is no...
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Zipcar To Go Public, Seeking $89 Million From IPO
On of the world’s top car sharing companies, Zipcar, is planning to make an initial public offering. It recently amended its Securities and Exchange Commission filing, and is now seeking about $89.2...
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BYD Raises $219 Million In IPO, Thanks To Warren Buffett: Still Lower Than...
Warren Buffett and Chinese carmaker BYD have raised 1.4 billion yuan, or $219 million, in their initial public offering in Shenzhen. While seemingly impressive, the figure was below expectations....
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Ducati Motorcycles Could be Up For Sale
Ducati, the famous Italian motorcycle brand could be up for sale. There seems to be significant interest in the motorcycle maker from both American and European buyers. Investindustrial SpA, the...
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Chrysler Files IPO, Speeds Valuation of VEBA Shares
Chrysler filed for an IPO today in a move that could help Fiat acquire the remaining 41.5 percent stake that it does not currently own. That share belongs to the UAW Retiree Medical Benefits Trust...
View ArticleFerrari IPO Priced at $52, Raises $893M, Company Valued at $12B
[See image gallery at www.autoguide.com] Ferrari priced its initial public offering (IPO) at $52, helping raise $893 million. The Italian automaker’s IPO was priced in New York on Tuesday at the top...
View ArticleVW Surges Ahead With Plans To Make A Porsche IPO
Volkswagen wants to list its high-dollar sports car brand Porsche, on the stock market. If all goes well, the initial public offering (IPO) should happen later this year. In an effort to finance the...
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