Following Tesla's announcement to purchase Riviera Tool LLC, investors bought the wrong stock, which had a similar name. Regulators had to step in and stop trading of the tool and die company's shares.
FCA still plans to launch Ferrari's IPO in the third quarter of 2015, but is delaying distributing the rest of the stock to current shareholders until early 2016. The decision lets FCA claim some of the Prancing Horse's profits in 2015.
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You can lease an Aston Martin V12 Vantage S Coupe in the US for $1,900 thanks to a new deal the British brand has with Ally Financial. That's hardly cheap, but we have a way to possibly offset the cost.
GM is investing $5.4 billion in factory upgrades in the US over the next three years. So far, the company is only going into specific detail about the improvements at three plants, totaling $783.5 million.
Toyota is preparing to sell $4.2 billion in special stock that would lock investors in for five years, but pay a higher dividend and could be sold back to Toyota at the issue price so investors wouldn't make a loss.
Ford posted falling figures for several financial metrics in Q1 2015, but pre-tax results increased by $24 million. With many products left to launch, the automaker thinks 2015 could still be a good year.