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Toyota follows Daimler and partly discards Tesla stock


Tesla Motors, the California-based electric automaker that seemed ready to overthrow the auto industry, has received another vote of no confidence, with Toyota divesting some of the shares it owns in the US carmaker. The move, revealed today by the largest automaker in the world, follows closely the one made by Daimler – the parent company of Mercedes-Benz – which sold ...
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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 ...
Daimler sale of Tesla shares could be due to growing rivalry
Daimler AG, the parent company of luxury automaker Mercedes-Benz, surprised the industry when it announced the decision to divest the investment in Tesla, fueling speculations the two companies see each ...
Hyundai Motor shares take a dive on profit concerns
South Korea’s biggest carmaker, Hyundai Motor, has seen its shares in a steep dive ever since announcing a record $10 billion deal to acquire a prized land plot in Seoul’s ...
Tesla’s investors ready to rethink strategy
The California-based electric automaker ran a very successful initial public offering back in 2010 and investors have been passionate about Tesla’s stock, securing tree digit percentage rises more akin to ...
Japan: investors rally behind automakers again on growth predictions
Toyota Motor Corp., the world’s largest automaker and the biggest company in the country, saw its shares up to 6,494 yen on September 19 as investors tout the highest figure ...
South Korea: Hyundai’s record headquarters bid sends shares spiraling
The automaker, the largest in the country, has agreed to pay a record $10 billion (6.1 billion pounds) to get a trophy property in Seoul's high-end Gangnam district for its ...
Visteon’s rumored split offers new prospects to shareholders
Last week news broke out about a planned split of the global automotive supplier Visteon Corporation, and now the effects of the rumored breakup ripple across the shareholder base. According to ...
Lawsuit over General Motors’ IPO dismissed
General Motors has won dismissal of a shareholder lawsuit that claimed the automaker of augmenting sales around the time of its initial public offering in November 2010 by quietly unloading ...
Fiat may sell up to $1.04 billion in shares
Fiat may sell as much as $1.04 billion stock to reduce debt and gain local investors after merging with Chrysler Group LLC and listing the new company's shares in the ...

latest automotive news
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[VIDEO] BMW X5 M and X6 M teased
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