Posted on November 15th, 2010 • by David Zatz
Analysts believe that Fiat intends to acquire over half of Chrysler, based on the November 12 conference call, according to an article in Automotive News. They also believe Fiat will launch a Ferrari IPO and sell parts maker Magneti Marelli to generate enough cash to acquire a share of Chrysler. Buying 16% of Chrysler, to [...]
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Posted on September 27th, 2010 • by Bill Cawthon
According to Italian newspaper Il Corriere della Sera, Fiat is considering offering part of Ferrari to raise the money required to purchase a majority interest in Chrysler. A Fiat spokesman denied the speculation and Fiat CEO Sergio Marchionne said the company would evaluate all options but added nothing is in the works for Ferrari. Fiat [...]
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Posted on August 11th, 2010 • by Bill Cawthon
According to unnamed sources, General Motors intends to file the paperwork to begin the process to an initial public offering on Friday. The filing would come a day after GM may report as much as $1 billion in operating profit for the second quarter. If the rumors are correct, it would be GM’s best quarter [...]
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Posted on July 25th, 2010 • by Bill Cawthon
Speaking at the Walter P. Chrysler Museum last night, Chrysler CEO Sergio Marchionne said he doesn’t see an initial public offering of stock in Chrysler Group before next year. Marchionne said he wants a full year of financial results for considering a stock offering. He also wants to gauge market reaction to the General Motors’ [...]
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