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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Oct 13 2014, 11:23 AM

Fiat Chrysler Automobiles Wall Street

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…

 |  May 16 2012, 12:15 PM

Warren Buffett must have been a wealthy lemming in a past life, because when he dives from a cliff others follow — often into a pit of money. His latest plunge involved acquiring 10 million shares of General Motors, which could signal future strength for the company.

Continue Reading…

 |  Aug 11 2011, 1:00 PM

Yesterday, the CEO of General Motors, Dan Akerson purchased $250,500 in shares of the automaker, buying 10,000 shares at $25.05.

As of yesterday, Akerson owns 103,600 shares in the company. This last week has seen the worst stock market decline since 2008, with the crash has wiping out more than $6.7 billion from the value of the stock held by the U.S Treasury Department.

GM shares fell $1.62, or 6.34 percent, closing at $23.92 in the NYSE yesterday.The US Treasury holds 500 million shares of GM. At its peak, the stocks were worth $19.5 billion on January 7, closing at $38.98 per share. Today, the Treasury’s holdings are worth $11.96 billion.

[Source: Automotive News]

 |  Jul 07 2011, 8:44 PM

Move on over Ford, GM is picking up momentum. According to analysts of Morgan Stanley, General Motors is the better long-term pick among domestic automakers. Morgan Stanley has been especially impressed with the new product cadence at GM, something expected to continue with the introduction of the Chevrolet Sonic and Buick Verano.

“We believe GM offers more discrete catalysts, such as being the likely target of UAW negotiations and resolution of U.S. Treasury overhang that could help trigger outperformance through the end of the year,” said Morgan Stanley analyst Adam Jonas.

Morgan Stanley feels that Ford doesn’t have the earning potential through next year that GM does.

“As GM itself has proven, you cannot win in this industry by cutting costs over and over again,” Jonas said. “If auto companies do not make good cars that people want to buy at a decent price, they will go away.”

[Source: Left Lane News]