Ducati Motorcycles Could be Up For Sale

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Ducati Motorcycles Could be Up For Sale
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Ducati, the famous Italian motorcycle brand could be up for sale. There seems to be significant interest in the motorcycle maker from both American and European buyers. Investindustrial SpA, the Milan-based private-equity firm that owns Ducati, seems to be looking for an IPO (initial public offering), or to sell it entirely. The sale could fetch… Continue Reading...

BYD Raises $219 Million In IPO, Thanks To Warren Buffett: Still Lower Than Expected

BYD Raises $219 Million In IPO, Thanks To Warren Buffett: Still Lower Than Expected
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Warren Buffett and Chinese carmaker BYD have raised 1.4 billion yuan, or $219 million, in their initial public offering in Shenzhen. While seemingly impressive, the figure was below expectations. Investors were worried over how well the company would perform, and lacked confidence for the company. BYD had hoped to raise 2.19 billion yuan, or another $34… Continue Reading...

Zipcar To Go Public, Seeking $89 Million From IPO

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Zipcar To Go Public, Seeking $89 Million From IPO
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On of the world’s top car sharing companies, Zipcar, is planning to make an initial public offering. It recently amended its Securities and Exchange Commission filing, and is now seeking about $89.2 million from sale of 8.3 million shares at around $14-16 each. The company has been in business since 1999 with regional service for… Continue Reading...

Ferrari Will Not Release IPO For Several Years

Ferrari Will Not Release IPO For Several Years
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Ferrari head Luca Cordero di Montezemolo denied reports that the company was planning to go public. “There are no current plans (to list the company). Perhaps in three, four or five years. There is no project now. Maybe there never will be,” he told Reuters. There was brief speculation that Ferrari would be listed on… Continue Reading...

Fiat Raises Stake in Chrysler to 25 Percent

Fiat Raises Stake in Chrysler to 25 Percent
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Fiat is expected to increase its stake by another 10-15 percent this year, provided Chrysler meets some additional milestones, including sales growth in markets outside of North America and building a vehicle that gets more than 40 miles per gallon. Continue Reading...

Fiat Looking To Increase Stake In Chrysler Ahead Of Possible IPO

Fiat Looking To Increase Stake In Chrysler Ahead Of Possible IPO
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Fiat is looking to up their stake in Chrysler from 20 percent to over 50 percent, according to reports in the Detroit News. Fiat was awarded a 20 percent stake in the company as part of Chrysler’s bankruptcy proceedings in 2009, and can increase its ownership as it passes a series of milestones. Marchionne also… Continue Reading...

GM IPO Begins First Day Of Trading

GM IPO Begins First Day Of Trading
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General Motors long awaited IPO began trading on Thursday, and was up approximately $2 as of 12 noon, Thursday. Listed at $33 a share, the stock price quickly climbed to $35 a share, as GM’s CEO Dan Akerson rang the opening bell at the New York Stock Exchange. IPO’s are often volatile, with new startup… Continue Reading...

Car Czar: GM IPO Price Undervalued At $29

Car Czar: GM IPO Price Undervalued At $29
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Steve Rattner, who oversaw President Obama’s auto industry bailout, told Bloomberg News that GM’s Initial Public Offering share price was undervalued. “There is definitely a greater level of confidence in the ability of the carmakers to perform,” Rattner said at an Automotive Press Association event in Detroit. “That’s because of the profit numbers.” According to… Continue Reading...

SAIC Looking To Buy GM IPO Shares

SAIC Looking To Buy GM IPO Shares
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General Motors upcoming IPO is attracting a lot of attention, not least from Chinese car manufacturer SAIC. A long time partner of the General, SAIC is looking to buy a significant portion of GM’s IPO, and with nearly $6 billion in cash reserves, the company is in a good position to do so. According to… Continue Reading...

General Motors Files for IPO; Says Buh-Bye to Socialism

General Motors Files for IPO; Says Buh-Bye to Socialism
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General Motors has just announced the filing of papers with the Securities and Exchange Commission for an Initial Public Offering (IPO) that will see the company handed back over to investors and removed from government control. Including in the filing are plans for preferred stock that carries with it both debt and equity and also… Continue Reading...

GM Posts $1.3 Billion Profit, IPO Filing To Come Shortly

GM Posts $1.3 Billion Profit, IPO Filing To Come Shortly
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General Motors is expected to file for an Initial Public Offering tomorrow as the company recorded a $1.3 billion profit. GM is hoping to use the positive momentum of two consecutive quarters of profit to help move its IPO filing along. Currently, the United States government owns 61 percent of GM. Taxpayers would have to… Continue Reading...

Tesla IPO Comes Back Down To Earth After One Week Of Trading, Outlook Gloomy

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Tesla IPO Comes Back Down To Earth After One Week Of Trading, Outlook Gloomy
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Most of us are probably more comfortable looking at a dyno graph than any sort of financial data, but believe it or not, the AutoGuide staff actually have interests outside of cars, and for some of us, that includes finance. The Tesla IPO was one story that came to our attention, as it was the… Continue Reading...

Tesla’s Future Gets a Charge With $226 Million Raised in IPO

Tesla’s Future Gets a Charge With $226 Million Raised in IPO
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Despite never turning a profit and selling as few as just 1,000 vehicles, Silicon Valley electric car maker Tesla Motors has raised $226 million in an initial public offering. Even more amazing is the fact that Tesla was able to generate such investment in the midst of a still shaky economic recovery that has seen… Continue Reading...

Tesla Unveils Plans for Cabriolet, Crossover and Van in IPO Presentation

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Tesla Unveils Plans for Cabriolet, Crossover and Van in IPO Presentation
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American electric car maker Tesla is about ready to launch its IPO and go from a small niche market automaker to possibly a large international electric vehicle powerhouse. But in order to make hat next big step CEO Elon Musk needs money, and lots of it. So before he opens up his company to the… Continue Reading...

Tesla Releases IPO Details, Expects To Raise $185 Million

Tesla Releases IPO Details, Expects To Raise $185 Million
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The end goal for most venture-capital financed start-ups is to issue an IPO and help get some money into the hands of those investors brave enough to give the company money at the early stages. Tesla Motors, perhaps the first Silicon Valley car company(and headed by Elon Musk, a former dot-com executive), is about to… Continue Reading...
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