FCA still plans to launch Ferrari's IPO in the third quarter of 2015, but is delaying distributing the rest of the stock to current shareholders until early 2016. The decision lets FCA claim some of the Prancing Horse's profits in 2015.
Can A House-Sized Car Payment Actually Net You Money?
You can lease an Aston Martin V12 Vantage S Coupe in the US for $1,900 thanks to a new deal the British brand has with Ally Financial. That's hardly cheap, but we have a way to possibly offset the cost.
GM is investing $5.4 billion in factory upgrades in the US over the next three years. So far, the company is only going into specific detail about the improvements at three plants, totaling $783.5 million.
Toyota is preparing to sell $4.2 billion in special stock that would lock investors in for five years, but pay a higher dividend and could be sold back to Toyota at the issue price so investors wouldn't make a loss.
Ford posted falling figures for several financial metrics in Q1 2015, but pre-tax results increased by $24 million. With many products left to launch, the automaker thinks 2015 could still be a good year.
FCA will likely stick with its original plan and won't put more than 10 percent of Ferrari shares on the market during the Italian sports-car company's IPO later this year, according to Sergio Marchionne.
Western automakers continue to anticipate a nuclear deal between Iran and the West that will lift economic sanctions and allow the companies to access what is said to be the world's ripest emerging market.
A study of labor costs among foreign automakers in the US shows a ten-dollar gap between the per-hour rates of the domestics and the imports. The difference between the Detroit 3 and their import competition equates to $250 more in labor costs per car for the domestics.