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General Motors Expands IPO Offering: Stock Going for Over $32 Per Share
When GM announced an Initial Public Offering (IPO) of common stock back in August, investors sat up and took notice. The mere fact that the automaker was considering to trade shares on the markets...
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Chrysler Posts Fourth Quarter Loss, But Still Projects Profit for 2011
Hit by fewer fleet sales and high interest on government loans, Chrysler posted a $199 million operating loss in it’s fourth quarter of 2010, despite generating earnings of $10.76 billion. However,...
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BMW Targets 25% Sales Growth by 2020, 2 Million Vehicles Annually
German auto giant BMW wants to become a bigger giant, as it looks to expand its annual production volume from 1.5-million vehicles/year to 2-million vehicles by 2020. Herbert Diess, BMW’s board member...
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Aston Martin One-77 Now Sold Out
While many businesses had been hurt badly by the tough economic times, some of which have never recovered, British luxury and sports car manufacturer Aston Martin is thriving. The company just...
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Nürburgring Sold to Russian Business Tycoon
One of Germany’s most famous automotive destinations now belongs to a Russian billionaire. Viktor Kharitonin, chairman of pharmaceutical company Pharmstandard OJSC has agreed to buy two-thirds of the...
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