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France seeks to increase control over Renault

France seeks to increase control over Renault

In a bid to lift its share ownership to 19.73 percent, the French government has been purchasing more shares in automaker Renault, after a resolution to be introduced at the upcoming annual shareholder meeting might seek to minimize its control over the company. According to the recent declaration of the […]

Tesla shares up on confident tweets from Musk

Tesla shares up on confident tweets from Musk

Elon Musk, the billionaire entrepreneur and co-founder of Tesla Motors is a widely popular and followed social media personality, which means his tweets are usually capable of generating even stock movements. This is exactly what happened recently, when some optimistic comments on Twitter about the electric automaker’s expansion prospects in […]

Marchionne continues to increase his FCA stake

Marchionne continues to increase his FCA stake

Fiat Chrysler Automobiles chief executive officer Sergio Marchionne has recently updated his controlling stake in the world’s seventh largest automaker. He now has command over almost one percent of the voting stake thanks to beneficial strategies brought in by stock grant plan, with the company now preparing to become even […]

FCA ready to spin off Ferrari

FCA ready to spin off Ferrari

Fiat Chrysler Automobiles has announced a range of measures that could potentially bring in cash worth $4 billion, including a 10% Ferrari share listing in an IPO. The recently merged Fiat Chrysler Automobiles has set up back in May a hugely ambitious growth plan that should bring a fivefold profit […]

Hyundai’s third-quarter profit slumps 29%

Hyundai’s third-quarter profit slumps 29%

The largest South Korean automaker reported – just as analysts suspected – a record decline in its third-quarter net profit, with the 29% fall the biggest in more than six quarters. The firm, the world’s fifth-largest carmaker together with affiliate Kia Motors, has been impacted by the slowing sales increase […]