CVC hires Goldman Sachs to study possible IPO of Formula One shares

Goldman Sachs Group Inc. has been hired by CVC Capital Partners Ltd. to explore the possibility of selling its Formula One stake in an initial public offering, a person privy with the... Read more

Once again, CEO Luca di Montezemolo denies reports about Ferrari IPO

Ferrari chairman Luca di Montezemolo is denying reports about a plan for an initial public offering (IPO) in an interview with German daily Sueddeutsche Zeitung. Ferrari is owned by Fiat.... Read more

Allison Transmission‘s IPO a success with $600.3 million raised

Allison Transmission Holdings Inc. successfully held its initial public offering, selling 26.1 million shares at a midpoint of $23 and raising $600.3 million. Allison had expected to sell... Read more

Remy International files plans for IPO of up to $100 million

Remy International Inc. filed for an initial public offering of $100 million last Friday. A filing with the U.S. Securities and Exchange Commission revealed that it plans to list under... Read more

GM CFO Chris Liddell resigns, Dan Ammann set to take over

The auto industry was shocked when Chris Liddell, the current Vice Chairman and Chief Financial Officer (CFO) of General Motors Co., announced that he is leaving the company effective... Read more

Ferrari has no plans for IPO, Chairman Montezemolo says

Ferrari Chairman Luca Cordero di Montezemolo asserted last Monday that there are no plans to list the company for at least several years. On the sidelines of a meeting with the foreign... Read more

Chrysler CEO Marchionne names Goldman Sachs as an adviser for its IPO

Chrysler Group’s CEO Sergio Marchionne revealed that investment banker Goldman Sachs will be one of the advisers for its initial public stock offering, which is anticipated to take place... Read more

Chrysler Group hopes to pay off restructuring loans in 2011

Within this year, Chrysler Group aims to repay the U.S. and Canadian government loans that it had gotten during its restructuring. Sergio Marchionne, CEO of both automakers, said that he... Read more

The Treasury receives $11.7 billion from GM IPO

The acting head of the Troubled Asset Relief Program, in a statement, said that as the Treasury Department recovers the funds it used to stabilize the industry, its assistance to... Read more

Saudi prince, Kingdom Holding pay $500Mil to acquire 1% stake in GM

$500 million of General Motors Co. shares were bought by Saudi billionaire Prince Alwaleed Bin Talal and his Kingdom Holding Co. through GM’s initial public offering. In a statement, the... Read more

GM, Chrysler prove they are on the comeback

The past week has been a momentous one for the auto industry. GM's top officials were at the New York Stock Exchange and at Wall Street, the horn of a Corvette convertible was... Read more

GM wants to raise as much as $15.8 billion in IPO

After having just increased the asking price by 14%, General Motors Co. now aims to raise up to $15.8 billion in its initial public offering, according to a statement from the company.... Read more

GM and SAIC in final talks for IPO stake buy

As part of its landmark initial public offering, General Motors Co. is finalizing talks to sell equity to its Chinese partner SAIC Motor Corp., according to two insiders. These two people... Read more

Tesla raises $226 million from IPO, selling 13.3 million shares

Tesla, also known as the electric car company that hasn´t posted a profit, announced today that it raised $226 million selling shares Monday above its forecast price range in the first... Read more

Chrysler may undertake an initial public offering next year, says Marchionne

The initial public offering of Chrysler Group LLC will likely be undertaken in 2011, according to Chief Executive Officer Sergio Marchionne. He told reporters in Toronto that May has so... Read more

Report: GM to repay its government loans entirely by the end of June

General Motors Chairman and interim CEO Ed Whitacre gave an official statement recently. GM is said to repay its government loans entirely by the end of June. This boils down to GM... Read more

GM giving top executives share equivalents worth an estimated total of $24.5 million

According to General Motors Co.'s US regulatory filings, 12 top executives will receive share equivalents worth an estimated total of $24.5 million that could be exercised once the... Read more

General Motors touting its global reach to potential investors

To attract investors, General Motors Co. is directing attention to its global reach.

In a filing it submitted last week for an initial public offering of stock, GM said that... Read more

General Motors delayed its public stock offer filing until…

Sources reveal that General Motors Co.'s public stock offer filing has been delayed until... well, nobody knows for sure.

The company had recently submitted a filing with the US... Read more

GM in talks with banks to secure a $5 billion credit line, sources say

Talks are ongoing between General Motors Co. and some banks to secure a $5 billion credit revolver as it readies to file for a possible public stock offering this year, according to a... Read more

Obama administration wants fast-track IPO for General Motors

The Obama administration wants to hurry up its initial public offering (IPO) of General Motors Co. shares to reduce its majority stake in the automaker, according to Ron Bloom, the head... Read more

GM may be able to command a stock price greater than $100

In an April 26 report, JPMorgan Chase & Co. debt analyst Eric Selle said that the equity value of General Motors Co. could be set at about $68.6 billion after improvements were seen at... Read more