Apple’s Market Cap Eclipses Automakers

5
Apple’s Market Cap Eclipses Automakers
Share this Article
Apple is a giant among monsters. This California-based tech firm sells millions upon millions of iDevices and Macintosh computers every year, products that have made them prosperous beyond belief. But could the company have its eye on the automotive industry? Continue Reading...

Fiat Chrysler Automobiles Makes Wall Street Debut

1
Fiat Chrysler Automobiles Makes Wall Street Debut
Share this Article
Fiat Chrysler Automobiles (FCA) made its Wall Street Debut today. The Italian company is working to shift its focus from Europe to the United States. Continue Reading...

Ford Cash Dividend Reinstated For Next Quarter

Ford Cash Dividend Reinstated For Next Quarter
Share this Article
It seems Ford‘s financial health is improving after an announcement that they will reinstate a cash dividend on their stocks at 5 cents a share. Ford originally abandoned the dividend in 2006 as part of an effort to preserve cash after posting a total of $9 billion in losses the previous five years. They hadn’t… Continue Reading...

UAW Head Bob King Slams Ford CEO’s $56.5 Million Compensation

UAW Head Bob King Slams Ford CEO’s $56.5 Million Compensation
Share this Article
UAW chief Bob King slammed Ford CEO Alan Mulally’s $56.5 million stock package, claiming that “I don’t think any human being in the world deserves that much money.” While certain to raise the ire of Ayn Rand fanatics everywhere, King is amping up the rhetoric ahead of the United Auto Workers “bargaining conference” where strategies… Continue Reading...

UAW Official Hopes Ford Will Share Profits Amid Executive Stock Offerings

UAW Official Hopes Ford Will Share Profits Amid Executive Stock Offerings
Share this Article
With Ford awarding more than $130 million in stock to its top executives, the UAW official in charge of Ford is optimistic that the company will also compensate union members who build the vehicles that Ford sells. “I am going to look at that on the up side and say that I know that they… Continue Reading...

Ferrari Will Not Release IPO For Several Years

Ferrari Will Not Release IPO For Several Years
Share this Article
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...

Car Czar: GM IPO Price Undervalued At $29

Car Czar: GM IPO Price Undervalued At $29
Share this Article
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
Share this Article
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...