31 Articles
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China car sales drop as stock market plunges

First Drop For Autos In Two Years

Just as China's stock market collapses, the country's passenger car association reports the first sales slump there in over two years. The fall is predicted to extend further into the second half of 2015.

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Former Porsche boss Wiedeking won't face criminal charges over VW bid

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 CEO Wendelin Wiedeking (above, left) and Chief Financial Officer Holger Härter (right), filing charge

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Toyota plans biggest stock buyback in over a decade

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 gesture signaling a turnaround from the horrors of the global recession, Bloomberg reports that Toyota will buy back 60 million shares of its stoc

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Why Tesla will need more loans to make it through 2013

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 Watch who, in year-end commentary on Tesla's financials, says that the "carmaker's financials are reminiscent of a dot-com's." He does not mean that in the g

Smith Electric Vehicles preparing for IPO and good cash flow

Smith Electric Vehicles has been patiently waiting to go public on Wall Street, and the time might soon arrive. The Kansas City, MO-based maker of electric delivery vehicles supplies trucks to clients such as Coca-Cola, FedEx Corp. and DHL, and filed for its initial public offering in November.

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Peugeot's woes worsen, company to be delisted from CAC 40 stock index

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 capitalizations listed on Euronext Paris (the French stock market). Peugeot has been struggling, and that's putting it kindly. With a first-half

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Ailing Peugeot may get boot from French stock exchange's benchmark CAC 40 index

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 capitalizations listed on Euronext Paris (the French stock market). The blow wouldn't just hit Peug

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Montezemolo denies Ferrari IPO

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 valuable properties could be sold – at least in part – to raise capital for the rest.

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