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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

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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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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

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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

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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

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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

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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...
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