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0Official: Blue Oval no longer in hock as Ford credit rating upgraded 1337725800
Moody's upgraded Ford's credit rating to investment grade today, the final step for the company to be able to reclaim its Blue Oval. Ford had offered its globally recognized trademark as part of a 2006 loan package. According to the Detroit Free Press, the collateralized logo and the rest of ...
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Report: Ford no longer junk at Fitch as bonds return to investment grade 1335373260
No doubt Ford has seen the light shining at the end of its turnaround plan for a while, but now The Blue Oval is getting so close to the daylight it might even be able to smell the fresh air. By the end of 2005, Ford bonds were rated so low by the three major ratings agencies they was floating in ...
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Report: GM leads worst performing auto stocks of 2011 1325604540
In spite of General Motors standing poised to retake the top sales spot, Chevrolet perhaps breaking its all-time sales record, and an anticipated Buick and two new Cadillac models coming, GM's stock price got beat like a goat in 2011. On January 2, 2011 the stock traded at $37.06, on January 2, ...
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Official: Ford reinstates dividend, first one in half-decade 1323376140
In another sign of its success, Ford has announced that it will be paying out a quarterly dividend, the first time it will do so in over five years. The five-cents-a-share dividend will begin on March 1, 2012. According to The Detroit Free Press, the move will cost Ford about $200 million per ...
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Report: Delphi planning $550M IPO 1320672720
It took Delphi four years to exit bankruptcy, but after a major restructuring and staggering losses, the parts maker is once again ready to sell shares to the public. The Detroit News reports that Delphi will offer a $550-million stock offering later this month. The move comes after Delphi ...
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Williams F1 team considering IPO stock issue 1295877420
Rubens Barrichello tests the Williams FW32 with new Pirelli tires at Yas Marina Circuit in Abu DhabiWhat's the best way to make a small fortune in Formula One? Arrive with a large one. Williams has another idea though, and it's a radical one in the field of motor racing: The British outfit may ... -
Tata out to raise $1 billion to reduce debt and expand JLR product line 1278500280
2011 Jaguar XJ – Click above for high-res image galleryFord spent a fortune to buy Jaguar in 1989 and Land Rover in 2000, then spent billions on each of them getting them into fighting shape. Tata spent billions to buy JLR in 2008, and has since been raising and spending billions to retain ... -
Report: GM gives $6.66M in stock to 14 top execs 1278180480
Soon-to-depart pay czar Kenneth Feinberg limited the cash remuneration available to General Motors executives, making stock options a go-to supplement for company leaders. It was reported last month that GM would hand out enough shares to top brass to create a $13 million payday for those on the ...
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Spyker CEO Victor Muller reduces voting interest in company below 30 percent 1269642000
After the Saab sale transaction went through, Spyker Cars CEO Victor Muller held a 34.3-percent stake in the Dutch sportscar maker. And according to local law, having more than 30 percent in equity meant that Muller would be obliged to make a public bid for the rest of the company's shares, so he ...
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Taking Stock: GM shares hit 75-year low, Visteon delisted after trading at 2 cents 1236374760
With both evidence and speculation mounting that General Motors and Tier-1 supplier Visteon Corp. have bleak futures, both companies' stock shares continue to get hammered, with GM's shares trading as low as $1.40 Friday morning and Visteon dropping from 7 cents to 2 cents on Thursday. For GM, ...

