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    Report: Safety systems supplier Mobileye raises $890 million in IPO
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    Israel-based vehicle safety technology company Mobileye (NYSE: MBLY) has successfully launched its Initial Public Offering on the New York Stock Exchange, raising approximately $890 million to value the company at a reported $5.3 billion. You may have never heard of Mobileye, but that doesn't ...

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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: Mitsubishi hopes to raise $2.5B with stock sale
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    Mitsubishi, which dates all the way back to 1870, is one of the oldest business collectives in Japan. Today, the various businesses that share the Mitsubishi name are largely independent of each other. The automotive unit, however, has fallen on hard times over the past few years. Back in 2004 ...

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    Report: GM stock hits all-time high above $40
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    When we want to know how a car company is doing, one thing we typically look at is how many cars it's selling. That means Toyota is the largest, General Motors the second, followed by Volkswagen, then down the line. But there are other metrics by which to evaluate how an automaker is doing. That, ...

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    Official: Chrysler files for IPO
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    Chrysler has had a lot of owners over the past few years alone, from Daimler to Cerberus to Fiat and the federal government. But it could be poised to gain some more before long. Like, a lot more. The automaker has just announced that it has filed with the US Securities and Exchange Commission ...

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    Report: Treasury needs GM stock to be worth $95.51 to break even
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    Special Inspector General Christy Romero has delivered another report to Congress on the state of the Troubled Asset Relief Program (TARP) up to June 6 of this year, assessing numbers to the US Treasury's remaining stake in General Motors. After stock sales in February and another a few months ...

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    Report: Treasury sold off $489M of GM stock in February
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    The Detroit News reports that the US Treasury sold off around 17.2 million shares of General Motors stock in February worth $489 million. The move is part of a plan to rid the government of GM stock by March, 2014. All told, the government has regained $29.8 billion of the $49.5 billion it ...

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    Report: Investment firm buys 5.8% of GM
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    General Motors stock is down 45 percent over the last year, which would lead the uninformed to think that the automaker is still losing money by the bucketload. On the contrary, The General pulled in a healthy $7.6 billion in 2011. Does that mother lode of cash make GM a buy for 2012? ...

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    Official: Ford reinstates dividend, first one in half-decade
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    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: CEO Akerson buys 10,000 more shares of GM stock amidst fears of recession
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    The past couple of weeks have been incredibly difficult for the stock market, with some of the largest drops in the history of the Dow. And even though Ford and General Motors recently posted massive second quarter profits, domestic auto shares are indeed taking a beating. In fact, GM stock has ...

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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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    Treasury aims to sell GM shares early
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    According to The Detroit News, the United States Treasury Department is planning on quickly eliminating its shares of General Motors stock rather than trying to maximize the government's return on its investment. The news comes from Austan Goolsbee, chairman of the Council of Economic Advisors, who ...

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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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    Will GM's EV policy be dictated by the success of its IPO?
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    2011 Chevrolet Volt – Click above for high-res image gallery
    General Motors is getting closer to the day it takes that financial plunge and once again offers its stock to the world. The day of the IPO, which is speculated to occur in November, will be a very important day for the future of ...

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    Report: Harley-Davidson issuing stock dividend
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    Despite its recent financial woes and a bout with organized labor, Harley-Davidson is actually paying out dividends this quarter. If you happen to own some of the company's common stock, you can expect to see a check in the mail for around ten cents a share. That's not exactly money to retire on, ...

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    Daimler agrees to give up remaining stake in Chrysler
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    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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    GM stock takes 24% hit after analyst report
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    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 day, it's hovering around $3.36 a share, up from this morning where it hit $3.04, or four pennies ...

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    Texas dealers offers 50 GM shares to GM vehicle buyers
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    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 ...

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    GM stock drops below $10 per share
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    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 ...

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    European Union taking Germany to court over amended VW Law
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    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, ...

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