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Porsche SE, Volkswagen’s biggest shareholder, said it plans to scoop up 25 percent, plus one extra share, in carmaker Porsche AG voting stock when VW lists the sports car brand.
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Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
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Frustrated with how market perception is affecting the company's stock, Ally management announced this week it will be appointing a new independent director to its board of directors.
Read More →Tesla Motors is offering common stock and convertible senior notes to repay a loan received from the Department of Energy. The offerings are being led by CEO Elon Musk.
Read More →The U.S. Department of the Treasury will remove itself from GM investments within 12-15 months by selling off its 500 million shares of common stock — 200 million back to GM, and the remainder through “various means.”
Read More →General Motors and FIAT made the cut in Forbes’ recent list of ‘12 Stocks to Buy in 2013.’ The publication spoke with 12 top advisors to get their recommendations.
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