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Corporate/Financial

Latest News

10
Apr 06, 14
BAIC to buy 'mid to high-end' European or U.S. automaker
A Beijing Automotive representative announced the company is interested in acquiring a “mid to high-end” European or U.S. carmaker.
8
Mar 27, 14
Bertone bankruptcy now official, could shut down next month
After a rumor which emerged earlier this month, a Bertone representative has officially confirmed the famous Italian automotive design house has entered court bankruptcy proceedings.
17
Mar 17, 14
Mercedes-Benz plotting Aston Martin takeover - report
A rumor has emerged concerning Mercedes-Benz's plans to purchase Aston Martin, following last year's collaboration agreement.
13
Mar 14, 14
Porsche made $23,200 on every vehicle they sold last year - report
According to a recent report, Porsche made $23,200 on every vehicle they sold last year.
3
Mar 03, 14
Spyker B6 Venator reaffirmed for production, company wants customers to become investors
Spyker hasn't said much about the B6 Venator lately but the company has just announced plans to fund the model with an "innovative corporate financing initiative."
6
Feb 24, 14
Volkswagen resumes their buying spree, moves to takeover the rest of Scania
Volkswagen has resumed their buying spree as the company has offered Scania shareholders approximately €6.7 ($9.2) billion to purchase the rest of the company.
1
Feb 19, 14
PSA Peugeot-Citroen officially teams up with Dongfeng
After months of rumors, PSA Peugeot-Citroen has officially confirmed a tie-up with China's Dongfeng Motor Group.
0
Feb 16, 14
Fisker saga finally ends after Wanxiang wins asset auction with 149M bid
China's Wanxiang Group agreed to pay a 149.2M USD bid to buy the remaining assets of Fisker Automotive.
0
Feb 13, 14
Renault announces Drive the Change action plan, confirms several new models
Renault has unveiled their new "Drive the Change" action plan which calls for the company to launch a variety of new models.
7
Jan 29, 14
Fiat & Chrysler show off new name & logo - Fiat Chrysler Automobiles
Following Fiat's takeover of Chrysler, the company has unveiled their new name as Fiat Chrysler Automobiles.
4
Jan 21, 14
PSA Peugeot Citroen confirms Dongfeng Motor negotiations, deal could be announced next month
Following countless rumors, PSA Peugeot Citroën has officially confirmed they are exploring an "industrial and commercial alliance" with China's Dongfeng Motor Corporation.
10
Jan 21, 14
Fiat completes Chrysler takeover, company is now a wholly-owned subsidiary of Fiat
Following an announcement earlier this month, Fiat has acquired the remaining stake of Chrysler Group LLC.
1
Jan 03, 14
Fisker sale stalls as creditors want company auctioned following Wanxiang bid
Fisker recently filed for bankruptcy and entered into a purchase agreement with Hybrid Tech Holdings LLC. Everything seemed like a done deal but creditors are now pushing for the company to be auction...
0
Dec 31, 13
Fisker sued for misleading investors and making "materially false and misleading statements"
The fallout from the Fiskerpocalypse continues as Atlas Capital Management has filed a lawsuit against Henrik Fisker and the company's former directors.
3
Dec 19, 13
Aston Martin & Daimler finalize their engine deal, will explore future areas of cooperation
Aston Martin and Daimler have officially tied the knot as the companies have a signed a series of definitive agreements which will see the two automakers working together.
8
Dec 12, 13
GM to sell off stake in PSA Peugeot Citroen, alliance will continue... for now
General Motors has announced plans to sell off their entire 7 percent stake in PSA Peugeot Citroen.
1
Dec 10, 13
U.S. Treasury sells off last of GM stock, CEO Dan Akerson to retire
General Motors is closing a dark chapter in the company's history as the United States Treasury Department has sold its last shares in the automaker.
3
Nov 28, 13
Wiesmann back in business, pulls out of bankruptcy
Wiesmann has managed to rise from its own ashes as the company has filed an application to dismiss the insolvency proceedings.
10
Nov 23, 13
Fisker finally files for bankruptcy as it is bought by a new investment group
After months of uncertainty, Fisker Automotive has filed for bankruptcy and been sold to investment group Hybrid Tech Holdings LLC.
4
Nov 22, 13
Volkswagen to invest 84.2 billion euros into new models, may introduce entry-level brand next year
Volkswagen has announced plans to invest €84.2 ($113.8) billion in their automotive division over the course of the next five years.
1
Nov 07, 13
Mitsubishi unveils new mid-term business plan, hints at future models
Mitsubishi has unveiled their "New Stage 2016" business plan which calls for launching several new models.
6
Nov 05, 13
Renault-Nissan & Mitsubishi join forces
Renault-Nissan and Mitsubishi have announced plans to explore "several new projects covering shared products, technologies and manufacturing capacity."
1
Nov 04, 13
Mercedes CLA Coupe helps widens sales lead over BMW
Mercedes-Benz has doubled their sales lead over BMW in the US market after selling by 30,069 vehicles in October.
5
Oct 24, 13
GM to develop the next-generation Opel / Vauxhall Corsa by themselves - report
The alliance between General Motors and PSA Peugeot Citroën appears to be unraveling as Reuters is reporting the American automaker is becoming increasingly confident that they can make Opel and Vauxh...
2
Oct 23, 13
GM & PSA Peugeot Citroen alliance on the skids as PSA backs out of the B-segment project
The alliance between General Motors and PSA Peugeot Citroën is on the skids as the latter company has put the B-common platform project "under review."
1
Oct 15, 13
Charles Morgan ousted from Morgan, will appeal the decision - report
Morgan has announced Charles Morgan "is no longer part of the management team or Board of Directors" of the company. However, Charles Morgan is appealing the decision.
2
Oct 09, 13
Dongfeng Motor could take a 30 percent stake in PSA Peugeot-Citroen - report
PSA Peugeot-Citroen has confirmed the company is in talks with a potential overseas partner.
6
Oct 04, 13
Tesla Model S fire cost the company $2.4 billion in market value - report
The fallout from the Tesla Model S fire continues as the company's stock price has plummeted since the incident.
3
Sep 24, 13
Chrysler files for an IPO, Fiat isn't happy
Chrysler has officially filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO).
3
Sep 17, 13
9ff & SpeedArt file for insolvency
2013 continues to be a rough year for automotive companies as Porsche tuners 9ff and SpeedArt have filed for insolvency.