Stock Price
Ferrari's stock price falls off a cliff
The stock price skidded. The stock price stalled. Use whatever automotive analogy you want. It was a bad day for Ferrari on the New York Stock Exchange.
VW stock plummets as Euro markets open
VW's share price is taking a huge hit on the German stock exchange in the wake of the company's emissions scandal in the US. The problem could even affect the chairmanship of Martin Winterkorn.
And now Tesla is apparently worth $20 billion
August has been good to Tesla Motors – heck, all of 2013 has pretty much been an upswing – and the market value of the California electric-vehicle maker has now surpassed the $20 billion mark. Bloomberg News reports the stock, which is trading in the $165 neighborhood, is up almost sixfold in the past year. Tesla
Romney vows to dump federal stake in GM quickly
With a multi-volume list of issues that a presidential hopeful could discuss, we aren't sure why Mitt Romney keeps circling back to the auto industry bailouts, but here we are again. He's lately swinging his stick at the U.S. Treasury Department for not having sold its 26.5-percent stake in General Motors, accusing it of holding back on the stock sale to avoid having to report a multi-billion dollar
GM says Facebook ads not effective, pulls campaign ahead of IPO
The Internets are buzzing over the upcoming initial public offering of Facebook, but General Motors doesn't seem all that impressed. The Huffington Post reports that The General has pulled its Facebook ad campaigns just days before the social media site is scheduled to officially hit the stock market.
GM stock price leads to greater estimate of losses on bailouts
The "Government Motors" crowd isn't going to be happy about this: The Detroit News is reporting that the U.S. Treasury now says it has lost an extra $170 million in the auto industry bailout. The culprit? The declining price of General Motors stock.
GM leads worst performing auto stocks of 2011
In spite of General Motors standing poised to retake the top sales spot, Chevrolet perhaps breaking its all-time sales record, and an anticipated Buick and two new Jonathon Ramsey
China tells cities to get their EV plans on, BYD stock shoots upward
BYD has had its struggles in recent times but finally some good news has seen the Chinese battery and auto manufacturer get a nice little spike in its share price. The news? The powers that be in China have signaled they are still serious about pushing the adoption of electric transportation.
REPORT: Spyker stock soars on word of Saab sale reconsideration
Here's the skinny: Saab isn't totally dead yet. As the weekend showed, there's (a little) hope for both Saab and its Dutch suitor, Spyker. As our man Ramsey laid out yesterday, Spyker submitted a renewed eleven-point plan to General Motors that they (Spyker) hopes will allow t
GM to follow Ford and restructure its restructuring
Following a slew of labor problems including the American Axle strike that cost an estimated $2 billion, General Motors is restructuring to accommodate the declining U.S. auto market. Following the lead of Ford and Michael Harley
Ford cuts dividends, reduces board member fees
Ford Motor announced Thursday that it is cutting its dividend in half, and reducing the fees paid to board members. While chief executive Bill Ford Jr. stated that the move was intended to strengthen the company's liquidity position during its ongoing restructuring, analysts believe the measure is largely symbolic.