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    Report: Volkswagen eyeing Ferrari stake?

    If Volkswagen has taught us anything, it's that you can never be too rich or have too many high-dollar automakers under your umbrella. Europe's largest auto group already encompasses Lamborghini, Bugatti and Bentley, is in the process of absorbing Porsche, and makes a couple more six-figure ...

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    Daimler agrees to give up remaining stake in Chrysler

    Hot on the heels of the Chrysler's tentative deal with the UAW to cut the automaker's VEBA obligations, Daimler AG has announced it's finally reached an agreement to unload its remaining stake in Chrysler. According to Daimler's release, the company's 19.9% stake in Chrysler will be redeemed and ...

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    Porsche doesn't plan to take over VW... yet

    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 ...

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    Porsche proposes to Volkswagen

    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 ...

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    DaimlerChrysler buys Chinese commercial truck company

    China is the fastest growing market in the world and it's gobbling up autos at a prodigious rate. Every global automaker wants a piece of the pie and the one's that moved quick and early to enter the market, like General Motors and Volkswagen, are reaping the biggest rewards right now. ...

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    Kerkorian cuts stake in General Motors

    Billionaire investor Kirk Kerkorian announced today that his investment firm Tracinda Corp. had cut its stake in General Motors from 9.9% to 7.4% 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 ...

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    Toyota buys 5.9% of Isuzu

    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 ...


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