stock


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 Daimler write off a $1.5 billion loan which will help (if it can) avoid putting Chrysler into bankruptcy and facilitate the automaker's deal with Fiat. The agreement is likely to reduce Daimler's second-quarter earnings (before interest and taxes) by ... Read more →

GM stock takes 24% hit after analyst report Damon Lavrinc

With General Motors dropping its $2.5 billion bomb on Friday, analysts, brokers and the public at large were waiting until today to see where the General's stock price would end up. At the end of the ...

Texas dealers offers 50 GM shares to GM vehicle buyers Damon Lavrinc

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 ...

GM stock drops below $10 per share Michael Harley

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 ...

European Union taking Germany to court over amended VW Law Michael Harley

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 ...

Porsche denies plan to raise stake in VW to 75% 1 year ago on Autoblog

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 ...

Porsche ups ownership in VW to 51% 1 year ago on Autoblog

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 ...

Wagoner cuts pay by 25% to aid turnaround, well kind of 2 years ago on Autoblog

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 ...

Villeneuve down but not out - still hopeful for hometown NASCAR debut 2 years ago on Autoblog

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, ...

Red Flag: NASCAR goes to China 2 years ago on Autoblog

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 ...

Jean Alesi fronts new Asian stock-car series 2 years ago on Autoblog

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 driver ...

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 ...

Audi DTM wants Villeneuve and Montoya 2 years ago on Autoblog

Used to be there were known routes for washed-out F1 drivers to go. Couldn't make it in the big leagues, you could always go to Le Mans-style endurance sportscar racing or to touring cars, for example. But as the story we've been following has unfolded, the latest refugees from the top-level series ...

Anyone got $18 million for Jacques? 3 years ago on Autoblog

Evidently undeterred by the breakdown in negotiations to get himself into the Busch series, and ever-determined to make it into NASCAR one way or another, Jacques Villeneuve is making some fine progress in starting up his own team. The former world champion has reportedly reached an agreement with ...

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 ...

Not coming for you, Ricky Bobby: NASCAR sans Villeneuve in 07 3 years ago on Autoblog

The latest reports in the saga of Jacques Villeneuve's impending switch to stock cars say it won't be happening just yet. As we reported earlier, the former world champion was talking with Roush Racing, one of the biggest outfits in stock cars, to race in the second-tier Busch series for 2007 in ...

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 ...

Villeneuve headed for the Busch leagues 3 years ago on Autoblog

Rumors and speculation have been circulating (partially self-fueled) of Jacques Villeneuve moving to NASCAR since the former world champion lost his race seat with BMW-Sauber that put the final nail in the proverbial coffin of his atrophying F1 career. The latest reports place Villeneuve in a stock ...

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 ...

Reports: Villeneuve signed NASCAR deal with Roush 3 years ago on Autoblog

It's surely a credit to stock car racing that F1 drivers have been migrating to NASCAR. In the new parody movie Talladega Nights, it seems like a joke that the antagonist (pictured) is a French F1 driver come over to America to race stock cars, but that's looking less and less like a joke as it ...

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 ...

"Talladega Nights" brings NASCAR to the big screen 3 years ago on Autoblog

While Days of Thunder and Driven taught us what happens when Hollywood tries to take automobile racing seriously, it appears that the upcoming Talladega Nights: The Ballad of Ricky Bobby will be funny in the intentional way. Will Ferrell plays Ricky Bobby, a dominant NASCAR driver "who ...

GM stock gets big boost on analyst upgrade 3 years ago on Autoblog

An analyst from Merrill Lynch had good things to say about General Motors' future prospects, and the automaker's stock leaped nearly 10 percent on the news, closing at $26.51-- a substantial increase over its recent low of $18.33, but still a long ways away from the Kerkorian-fueled high of ...

GM shares rise 10% on raised rating 3 years ago on Autoblog

Yesterday the price of GM stock was up $1.05 or 4.46 percent on news that Deutsche Bank analyst Rod Lache had raised his rating on the stock up to "hold" from "sell". Why the change of heart? Monday's announcement that GM had broke a five-quarter losing streak with a Q1 2006 earning of $445 million ...

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.

 
 

Featured Galleries

  • 2010 Range Rover Sport Autobiography
  • 2010 Hyundai Tucson
  • LA 2009: 2010 Subaru Impreza WRX STI Special Edition
  • LA 2009: 2011 Ford Mustang V6
  • LA 2009: 2010 Porsche Boxster Spyder
  • LA 2009: Scion xB Release Series 7.0
  • LA 2009: 2011 Ford Fiesta
  • LA 2009: 2011 Hyundai Sonata
  • 2011 Mazda2
  • 2011 Toyota Sienna
  • LA 2009: 2011 Toyota Sienna
  • LA 2009: 2011 Mazda2
AOL Autos

Find Your Next Car

Resources

10 Most Searched Cars on AOL Autos

Autoblog Video

Autoblog Green

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum