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Volkswagen looking to take stake in Suzuki by year's end?

The rumors keep coming. Just last month, we reported that Volkswagen AG was interested in a small slice of Suzuki Motors. Now, the German industry publication Automobilwoche is reiterating the same news. Apparently, a Suzuki executive at the Frankfurt Motor Show mentioned that an agreement between the two automakers would be in place by the end of the year. "For Suzuki and VW this connection would be a win-win situation. Suzuki would have access to a variety of VW's technology, while Volkswagen would have a solid supporting leg in India and ... Read more →

Fiat could take majority control of Chrysler as early as 2013 Damon Lavrinc

We all know by now that Fiat will take an initial 20% stake in Chrysler in exchange for supplying the bankrupt automaker small-car platforms and fuel efficient drivetrains. Further down the road, ...

Kerkorian unloads rest of Ford stock Damon Lavrinc

Back in June, Kirk Kerkorian, billionaire investor and auto industry meddler, bought up 140.8 million shares in Ford Motor Company at $8.50 a pop, gaining a 6.49% stake in the automaker and becoming ...

Porsche denies plan to raise stake in VW to 75% Michael Harley

After Porsche moved to increase its ownership in Volkswagen to 51 percent last week, an overzealous German magazine took it one step further over the weekend by reporting that Porsche was going for ...

Porsche ups ownership in VW to 51% Michael Harley

The supervisory board of Volkswagen Group just gave approval for Porsche AG to take a majority stake in the people's automaker. Porsche currently owns 31% of Volkswagen, and this move will ultimately ...

Porsche doesn't plan to take over VW... yet 2 years ago on Autoblog

The latest in Porsche-Volkswagen relations is that the sports car maker has contingencies in place to raise its stake in the VW Group, but at this point is not planning an outright takeover. As you may recall, when Porsche recently increased its ownership in Volkswagen AG, it was bound by German ...

Porsche proposes to Volkswagen 2 years ago on Autoblog

It's official, Porsche has submitted an offer to buy the Volkswagen group. Unless you've been living in a cave, you probably already know that the erstwhile sportscar manufacturer is more profitable than the megalithic auto consortium, with all its subsidiaries, and has been steadily increasing its ...

Ford ends day at 3-week high thanks to Toyota talk 2 years ago on Autoblog

Ford Motor Company was quick to issue a brief statement regarding the meeting that took place between its CEO, Alan Mulally, and executives from Toyota last week in Japan in order to quell speculation of an alliance or partnership, but news of the meeting had a very positive effect on the Blue ...

Kerkorian cuts stake in General Motors 3 years ago on Autoblog

Billionaire investor Kirk Kerkorian announced today that his investment firm Tracinda Corp. had cut its stake in General Motors from 9.9 by selling $462 million worth of the automaker's stock. That amounts to a sell off of 14 million shares at $33 per share. The move by Kerkorian comes after the ...

Toyota buys 5.9% of Isuzu 3 years ago on Autoblog

Toyota announced today that it will spend $373 million on a deal with Isuzu that will transfer 5.9% of the truck- and diesel-maker to the giant Japanese automaker. Toyota's goal in purchasing a stake in Isuzu is to bolster its diesel portfolio, which apparently lags behind other major automakers ...

GM posts a smaller Q3 loss than expected 3 years ago on Autoblog

The business world has always confounded us for being a place where one can celebrate with champagne after not posting a profit for three months, if only for the fact that you didn't lose as much money as people thought you would. Such is the case with General Motors, which today announced that it ...

BREAKING: York quits GM board, Kerkorian won't buy more GM stock 3 years ago on Autoblog

"Screw you guys, I'm going home." A phrase made famous by Cartman from South Park but one that we find so apt for news coming out of General Motors this afternoon. Royally irked over the ending of alliance talks with Renault/Nissan, billionaire investor Kirk Kerkorian has announced that he won't buy ...

Mitsubish becomes top shareholder of Isuzu 3 years ago on Autoblog

Isuzu Motors announced today that Mitsubishi Corp. has become its top shareholder after increasing its share of the automaker from 3.5 percent to 15.65 percent. Mitsubishi Corp, the huge conglomerate that also owns 13 percent of Mitsubishi Motors Corp, first scooped up a share in Isuzu when General ...

I want my baby back! Fiat to repurchase Ferrari shares 3 years ago on Autoblog

Fiat is increasing its stake in Ferrari, buying back the shares it sold to Italian investment bank Mediobanca during Fiat's financial troubles in 2002. The Turin-based auto conglomerate is the undisputed Don of the Italian car business, controlling Ferrari, Maserati, Alfa Romeo, Lancia, Iveco and ...

GM stock taking major New Year's hit 3 years ago on Autoblog

GM stock hit a 20-year low yesterday dipping to $18.33 before a few bottom-feeder investors who can’t pass up a good deal bolstered the stock back up to $19.06 in late afternoon trading. While all the negative news surrounding the General right now can shoulder some of the blame for this sell ...






Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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