Hayman Capital Takes Stake in General Motors as Treasury Exit Nears
Hedge fund Hayman Capital has acquired a stake in General Motors, betting on a sharp rise in the automaker’s shares as the US government prepares to sell its remaining holding.
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Hedge fund Hayman Capital has acquired a stake in General Motors, betting on a sharp rise in the automaker’s shares as the US government prepares to sell its remaining holding.
Mercedes-Benz is preparing a facelift for the CLS 63 AMG Shooting Brake, with camouflaged prototypes revealing revised styling ahead of an expected 2014 debut.
BMW’s 2014 ActiveHybrid 5 combines a turbocharged six-cylinder with electric drive, aiming to offer both performance and efficiency in the executive saloon class.
SRT confirms just 159 units of the 2014 Viper Time Attack, with chassis and aerodynamic upgrades aimed at circuit performance and a choice of three exclusive colours.
Sergio Marchionne prepares a new five-year strategy for Alfa Romeo, aiming to reverse a decade of losses with a premium-focused, export-driven approach.
Major manufacturers and technology firms are accelerating autonomous vehicle development, with wide-ranging effects forecast for transport, insurance and mobility by the 2020s.
Volkswagen introduced the new Golf Variant at the 2014 Geneva Motor Show, including its most fuel-efficient estate yet with the TDI BlueMotion engine.
All-wheel drive now features on nearly a third of new US vehicles, driven by crossover popularity and safety-conscious buyers seeking greater traction and control.
General Motors shares closed at $39.11, their highest since the company’s 2010 IPO, following news that the US government will sell its remaining stake by year end.
Audi has handed over a fresh fleet of cars to Real Madrid’s players and staff, with choices ranging from the RS6 Avant to the Q7 3.0 TDI and A8 4.2 TDI.
Brabus will unveil its 850hp E63 AMG Wagon conversion at the 2013 Essen Motor Show, featuring a heavily reworked V8 and extreme performance figures.
Ford will unveil the next-generation Mustang live in Times Square on 5 December 2013, marking the first public appearance of the 2015 model.
Lamborghini will release the first official information on the Gallardo’s successor, the Cabrera, before Christmas 2013, ahead of the supercar’s full unveiling in 2014.
Mark Webber has deleted remarks from his official website in which he criticised Red Bull figures Christian Horner, Helmut Marko and Sebastian Vettel after leaving Formula One.
Volkswagen is under pressure from IG Metall to establish a works council at its Chattanooga plant, but faces legal and political obstacles to union representation in the US.
Mercedes-Benz parent Daimler plans to launch 30 new vehicles by 2020, aiming to challenge Audi and BMW and regain leadership in the global premium segment.
A digital rendering reimagines the facelifted Dacia Duster as a pickup, sparking interest in a body style the brand has not offered since the Logan Pickup ended production.
Lewis Hamilton called Felipe Massa’s move from Ferrari to Williams a fresh opportunity, while Nico Rosberg warned of the challenges facing the Brazilian at a smaller team.
Nissan has unveiled the Qashqai Premier Limited Edition, restricted to 2,007 units and offered exclusively to existing customers ahead of the new generation’s full market release.
Chevrolet has launched the 2015 Colorado at the Los Angeles Auto Show, targeting the North American midsize pickup market with new engines, safety tech and class-leading towing.
Honda has unveiled the final production version of its Urban SUV, now named the Vezel, at the 2013 Tokyo Motor Show, confirming both petrol and hybrid options for Japan.
BMW commits £750 million to UK MINI production, increasing local supplier content and introducing new engines at Oxford, Swindon and Hams Hall sites.
Sauber team principal Monisha Kaltenborn has made clear that Sergio Perez is not guaranteed a return to the Swiss Formula One squad for the 2014 season, despite speculation.
A woman driving under the influence crashed her Ferrari F430 Scuderia into another car in Malaysia, leaving the rare supercar badly damaged but causing no injuries.