Finance

UAW Retiree Healthcare Trust Loses GM Board Seat

October 15, 2018 at 12:10 AM

A healthcare trust representing retired United Auto Workers union members has relinquished its seat on the General Motors Co. board.

Brilliance China Shares Plunge 30%

October 12, 2018 at 12:43 AM

Shares in Brilliance China Automotive Holdings Co. plummeted 30% in early trading today after BMW AG revealed plans to boost its 50% ownership in a joint venture with the Chinese company.

Vietnam Startup Gets $950 Million Credit Line

October 10, 2018 at 12:24 PM

Vietnamese startup VinFast Manufacturing and Trading Co. Ltd. has arranged a $950 million line of credit to help launch its first model in 2019, Reuters reports.

Ford’s Stock Price Slides to 6-Year Low

October 10, 2018 at 12:51 AM

Ford Motor Co.’s common stock closed at $8.95 per share on Tuesday, marking the first time the price fell below $9 since August 2012.

Report: VW Ponders Advisors for Commercial Truck IPO

October 09, 2018 at 12:22 AM

Volkswagen AG reportedly is poised to hire several banks to help its launch an initial public offering for its Traton commercial truck and bus unit.

Aston Martin Launches IPO at £19 Per Share

October 03, 2018 at 3:58 AM

Aston Martin Lagonda Ltd. launched its initial public offering today at a share price of £19 ($22), which values the iconic British carmaker at £4.3 billion ($5 billion).

Aston Martin Refines Stock Price Range Ahead of IPO

October 01, 2018 at 3:15 AM

Aston Martin Lagonda Ltd. has narrowed the price range for the shares it will offer on Wednesday through an initial public offering.

Tesla Shares Sag after SEC Accuses Musk of Misleading Investors

September 28, 2018 at 4:12 PM

Shares in Tesla Inc. dropped 14% to $263 by mid-afternoon today, wiping out more than $6 billion in market value for the electric carmaker.

BMW, Citing Sales and Cost Challenges, Lowers Guidance

September 25, 2018 at 12:37 PM

BMW AG has reduced its profit forecast for 2018, citing regulatory issues, warranty costs, spending on future mobility and the impact of uncertain trade conflicts.

Porsche, Hyundai Invest in Augmented Reality Developer

September 18, 2018 at 5:40 PM

WayRay SA, a Lausanne, Switzerland-based developer of holographic augmented reality head-up display systems, has raised $80 million in its latest funding round.

Ferrari Plans 15 New Models by 2022

September 18, 2018 at 11:35 AM

Ferrari NV tells investors it will introduce 15 new models between 2019 and 2022, adding that it expects a “significantly” higher average selling price for them.

Saudi Fund Invests in Lucid Motors

September 17, 2018 at 1:00 PM

Lucid Motors Inc., a California-based electric vehicle startup, says it has secured more than $1 billion from Saudi Arabia’s Public Investment Fund (PIF). A Reuters report last month indicated such a deal was being considered.