Stock

Two brothers that own dealerships in Texas peddling the General's wares decided that the best way to combat the inevitable depreciation inflicted on their customers is to give them 50 shares of GM stock.The promotion involves the first 100 buyers (for GM's 100-year anniversary) and 5,000 shares in ...

After Merrill Lynch hinted bankruptcy concerns yesterday, and other Wall Street analysts spread additional gloom, shares of General Motors dropped $1.77 to close at $9.98 -- GM's lowest close in more than 50 years. While GM stock on Tuesday showed a bit of promise on the news that sales only ...

In a move that may undermine Germany's protection of Lower Saxony and its close ties to Volkswagen, the European Commission plans to review the case of Volkswagen Law in the European Union's top court. As you may recall, Porsche has been trying to take majority control of rival Volkswagen. However, ...

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 an even larger piece of the pie... a whopping 75 percent. Porsche pulled in the reigns and quickly ...

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 increase that share to 51%. The increase in ownership is estimated to cost Porsche upwards of $20 ...

When possible, we like to cross-reference stories with other news sources before we report on them, and we've found this to be even more important when the topic at hand is hard data. When we came across a Reuters' story proclaiming that GM CEO Rick Wagoner was taking a 25-percent pay cut beginning ...

Poor Jacques is all washed up. Where this writer was born and raised, JV was a homegrown hero who lived up to his family name by taking the checkered flag at the Indy 500 (and the CART championship) and going on to win the Formula One title only two years later. But when you've reached the top, ...

NASCAR has a solid reputation as a race series firmly entrenched in the southern United States, but has been fighting hard to defeat that image and branch out of Old Dixie. With races lined up in such northern locations as Michigan, Illinois, Ohio, New Hampshire and Wisconsin, NASCAR has long since ...

Who ever would have thought a Will Ferrell movie would ever be considered "prophetic," even jokingly? The absurd story of a French racing driver switching over from F1 to stock cars as the last remaining challenge is coming to life again and again. But unlike Jacques Villeneuve (or Colombian ...

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 ...