Shares of automakers rose Friday, with General Motors Co. stock reaching its highest price in more than two years, as Europe became the latest part of the globe to report rising auto sales.» Read More
Shares of automakers rose Friday, with General Motors Co. stock reaching its highest price in more than two years, as Europe became the latest part of the globe to report rising auto sales.
NEW YORK-- Tesla Motors shares fell Friday as the electric car maker increased the size of its stock and note sales by nearly 17 percent. THE SPARK: Tesla disclosed in a regulatory filing that it now plans to sell 3.39 million shares in a public offering, and has priced them at $92.24 each, according to the filing with the Securities and Exchange Commission.
PALO ALTO, Calif.-- Electric car maker Tesla Motors Inc. has increased the size of its stock and note sales by almost 17 percent, citing high demand from investors. The Palo Alto, Calif., company said in a regulatory filing on Friday that is now expects to gross $968 million from the sales, which will take place on May 22.
LONDON, May 17- European shares held near multi-year highs in volatile trade on Friday, with some investors using early weakness as a buying opportunity and with carmakers cheered by signs of a revival in domestic sales. The STOXX Europe 600 auto sector added 2.4 percent after data showed Europe's car market growing for the first time in 1-1/ 2 years in April.
MILAN, May 16- Italian carmaker Fiat SpA said on Thursday the idea of moving the group's legal headquarters to the United States is not on the agenda. " The statement referred to a Bloomberg report on Wednesday that cited people familiar with the matter as saying Fiat was considering moving its headquarters to the United States.
Flying red flags over the quality of Tesla's earnings would appear to be foolhardy. Still, to ignore it is just as foolhardy.
A wealthy Chinese businessman hired a crew to smash his Maserati with sledgehammers to protest poor customer service, but the story is similar to another incident. Is this a trend or a stunt?
Mercedes-Benz is digging in and putting more features into its redesigned flagship S-Class sedan. This is not just another ultra-luxury sedan.
Shares of Tesla Motors Inc. shot higher in premarket trading on Thursday after it said it would offer stock and notes in an $830 million deal that will allow it to pay down its debt to the U.S. government. Palo Alto, Calif.- based Tesla said it will offer 2.7 million shares of its common stock and $450 million in convertible senior notes.
DETROIT, May 16- Most of the small SUVs tested for safety in crashes did not fare well in more stringent tests performed by an influential U.S. safety group in results issued on Thursday.
Some of the most popular small SUVs have failed critical crash tests that simulate a common and deadly front end collision.
Tesla announced plans to offer another 2.7 million shares and said CEO Elon Musk will buy another $100 million worth of Tesla stock. Shares shot up after-hours.
Detroit automakers have begun to close the quality and reliability gap with their rivals, and a new study suggests that domestic models may even be taking the lead in many key market segments. NBC News reports.
Americans are driving less, waiting longer to get licensed and are increasingly turning to alternatives to driving such as mass transit or car-sharing programs. NBC News reports.
Diarmuid O'Connell, Tesla vice president; and Robert Glaser, North Carolina Automobile Dealers Association president, debate whether the automaker should be able to sell directly to consumers.
Auto repossessions rise due to borrowers defaulting on their auto loans. Has the industry gone too far selling new cars and trucks to those with subprime credit records?
WASHINGTON-- U.S. factories likely increased their output in April after cutting back slightly in March, helped by another solid month of auto production. The Federal Reserve will report on April industrial production at 9:15 a.m. EDT Wednesday.
HONG KONG, May 15- Warren Buffett- backed Chinese carmaker BYD Co Ltd rolled out Hong Kong's first electric taxi fleet on Wednesday, marking a milestone for its all-electric battery car that highlights its promise and its limitations.
*GDP falls 0.8 pct q/q. PRAGUE, May 15- The Czech economy shrank by a surprising 0.8 percent in the first quarter as recession in the euro zone severely hit some export-oriented industries, mainly the car sector. The Czech Statistics Bureau said the year-on-year decline deepened to 1.9 percent.
NEW YORK, May 14- The wave of short-covering that drove shares of electric car maker Tesla Motors to huge gains last week appears to have subsided, but there are still plenty of investors willing to bet against the stock.
Mercedes-Benz is digging in and putting more features into its redesigned flagship S-Class sedan.
Some of the most popular small SUVs have failed crash tests that simulate a common and deadly front end collision.
Has the auto industry gone too far selling new cars and trucks to those with subprime credit records?