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Ferrari's stock price falls off a cliff

Marchionne Won't Consider An SUV For Vaunted Sportscar Lineup

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.

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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.

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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

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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

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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.

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.