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    Report: Buffett's company and hedge funds drop GM stock in wake of recalls
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    Well how's that for an about-face? It was not even two weeks ago that we were reporting on Warren Buffett's praise for General Motors' CEO Mary Barra and her handling of the ignition switch recall. That hasn't stopped Buffett's company, Berkshire Hathaway from unloading shares during the first ...

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    Report: Former Porsche boss Wiedeking won't face criminal charges over VW bid
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    Hedge fund managers have been suing Porsche for years now, alleging that the car company lied about its intentions during its failed attempt to take over Volkswagen, a gambit that caused them billion in losses. Over the same period, authorities in Stuttgart built a criminal case against former ...

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    Report: Toyota plans biggest stock buyback in over a decade
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    At the end of December, 2013 Toyota had a cash stockpile of 1.8 trillion yen ($17.5B US). As of March 31, at the end of its current financial year, company coffers are expected to swallow another 1.9 trillion yen ($18.4B US) in net profit - said to be a record sum for the Japanese automaker. In a ...

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    Report: $1.4B hedge fund suit against Porsche dismissed
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    Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the ...

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    Report: Porsche again staring down another $1.8B in hedge fund lawsuits
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    The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued ...

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    Read This: Wall Street loves Tesla's Elon Musk, values the brand higher than Fiat
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    Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at $8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the ...

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    Report: Why Tesla will need more loans to make it through 2013
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    It's fun to bet against Elon Musk and Tesla – that's the best reason we can find for so many people doing it even though the man, his company and his cars are still here and still very popular. The latest name inscribed in the column labeled "Skeptical of Tesla" is John Shinal at Market ...

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    Report: Peugeot's woes worsen, company to be delisted from CAC 40 stock index
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    After 25 years and having been a member since the CAC 40's inception in 1987, on September 24, French carmaker Peugeot will be officially delisted from France's benchmark stock index. The CAC 40 is a collection of the 40 companies with the "most significant values" among the top 100 firms by market ...

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    Report: Ailing Peugeot may get boot from French stock exchange's benchmark CAC 40 index
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    The clouds that have been darkening the forecast for Peugeot just keep getting darker. The latest storm front involves the risk of being delisted from the CAC 40, the benchmark index composed of the 40 companies with the "most significant values" among the the companies with the top 100 market ...

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    Report: Montezemolo denies Ferrari IPO
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    Fiat has gone from a local automaker to a major industry powerhouse in a relatively short span of time, increasing its own market stake while taking over Chrysler to expand its global reach. But something's gotta give, figured the industry analysts, leading to speculation that one of its most ...

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    Williams F1 team considering IPO stock issue
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    Rubens Barrichello tests the Williams FW32 with new Pirelli tires at Yas Marina Circuit in Abu Dhabi
    What'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 ...

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    Report: Investment funds suing Porsche in U.S. for "short squeeze" fraud over VW
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    The Porsche-as-hedge-fund escapade isn't fully resolved yet. Of course, the biggest denouement will be when Volkswagen finishes integrating the company early next year, but in the meantime, Porsche is still dealing with investor wrath after its stock market foray. A group of U.S.-based hedge ...

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    REPORT: Toyoda family stock shares take $449M hit
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    The Toyoda family has felt the pinch of the global automotive crash in the worst possible place: their wallets. Toyota share prices have plummeted by a very substantial 46% in the past nine months, costing the Toyoda family hundreds of millions of dollars. Soon-to-be company president Akio Toyoda's ...

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    Kerkorian sells off another load of Ford shares
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    Just four months ago, Kirk Kerkorian had a cup out and was asking passers-by for some spare Ford shares. Although he only wanted 20 million of them, he was offered one billion. Turns out those folks trying to get out of the Ford ownership business might have been a bit more prescient than the ...

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    Volkswagen temporarily becomes largest company in the world
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    The NFL season is clearly out of control, Audi just crossed the country in a bunch of diesels you can't buy here, and GM wants to "merge" with Chrysler. But it's not just America that's home to the madness: Ferrari might leave F1, Mitsuoka is selling this thing for €70,000, and today, for a ...

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    The most valuable carmaker in the world is... ta-da, Volkswagen
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    As with this year's American football season, weekly surprises in the car industry are now standard fare. VW recently overtook Ford for the number three spot in global sales, and now the home of the Beetle and the Veyron has overtaken Toyota as the industry's most valuable company based on ...

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    DaimlerChrysler stocks skyrockets on talk of Chrysler sale
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    We have no idea who will end up with Chrysler once all this madness ends, but we can say that there are already quite a few winners in the process -- DCX stockholders.While we all sat and played the Hyundai vs. GM vs. ? game, the stock price shot through the roof. Apparently in the minds of ...

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    Mazda trounces Toyota, Honda, Nissan in stock market
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    Bloomberg reports that Mazda, the fourth largest automaker in Japan, is currently ahead of its larger rivals in the stock market. The company attributes its stunning success to news of its upcoming utility vehicles, the CX-7 (pictured) and CX-9. "Mazda's earnings growth will finally ...

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