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Jean Alesi fronts new Asian stock-car series
Filed under: Motorsports, Hirings/Firings/Layoffs Who ever would have thought a Will Ferrell movie would ever be considered "prophetic," even jokingly? The absurd story of a French racing driver...
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Red Flag: NASCAR goes to China
Filed under: Motorsports, ChinaNASCAR has a solid reputation as a race series firmly entrenched in the southern United States, but has been fighting hard to defeat that image and branch out of Old...
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Villeneuve down but not out - still hopeful for hometown NASCAR debut
Filed under: Motorsports, Hirings/Firings/LayoffsPoor Jacques is all washed up. Where this writer was born and raised, JV was a homegrown hero who lived up to his family name by taking the checkered...
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Wagoner cuts pay by 25% to aid turnaround, well kind of
Filed under: GM, Earnings/FinancialsWhen possible, we like to cross-reference stories with other news sources before we report on them, and we've found this to be even more important when the topic at...
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Porsche ups ownership in VW to 51%
Filed under: Trends, Europe, Plants/Manufacturing, Porsche, VolkswagenThe supervisory board of Volkswagen Group just gave approval for Porsche AG to take a majority stake in the people's automaker....
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Porsche denies plan to raise stake in VW to 75%
Filed under: Trends, Europe, Plants/Manufacturing, Porsche, VolkswagenAfter Porsche moved to increase its ownership in Volkswagen to 51 percent last week, an overzealous German magazine took it one...
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European Union taking Germany to court over amended VW Law
Filed under: Europe, Government/Legal, Plants/Manufacturing, Porsche, Volkswagen, RoeweIn a move that may undermine Germany's protection of Lower Saxony and its close ties to Volkswagen, the European...
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GM stock drops below $10 per share
Filed under: Plants/Manufacturing, GM, Earnings/FinancialsAfter Merrill Lynch hinted bankruptcy concerns yesterday, and other Wall Street analysts spread additional gloom, shares of General Motors...
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Texas dealers offers 50 GM shares to GM vehicle buyers
Filed under: Car Buying, GMTwo brothers that own dealerships in Texas peddling the General's wares decided that the best way to combat the inevitable depreciation inflicted on their customers is to...
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GM stock takes 24% hit after analyst report
Filed under: GM, Earnings/FinancialsWith General Motors dropping its $2.5 billion bomb on Friday, analysts, brokers and the public at large were waiting until today to see where the General's stock...
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Daimler agrees to give up remaining stake in Chrysler
Filed under: Chrysler, Daimler, Earnings/FinancialsHot on the heels of the Chrysler's tentative deal with the UAW to cut the automaker's VEBA obligations, Daimler AG has announced it's finally reached...
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Report: Harley-Davidson issuing stock dividend
Filed under: MotorcycleDespite its recent financial woes and a bout with organized labor, Harley-Davidson is actually paying out dividends this quarter. If you happen to own some of the company's...
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Will GM's EV policy be dictated by the success of its IPO?
Filed under: Technology, GM, Earnings/Financials 2011 Chevrolet Volt - Click above for high-res image gallery General Motors is getting closer to the day it takes that financial plunge and once again...
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Williams F1 team considering IPO stock issue
Filed under: Motorsports, Earnings/Financials Rubens Barrichello tests the Williams FW32 with new Pirelli tires at Yas Marina Circuit in Abu Dhabi What's the best way to make a small fortune in Formula...
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Treasury aims to sell GM shares early
Filed under: Etc., Government/Legal, GMAccording to The Detroit News, the United States Treasury Department is planning on quickly eliminating its shares of General Motors stock rather than trying to...
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Montezemolo denies Ferrari IPO
Filed under: Ferrari Fiat has gone from a local automaker to a major industry powerhouse in a relatively short span of time, increasing its own market stake while taking over Chrysler to expand its...
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CEO Akerson buys 10,000 more shares of GM stock amidst fears of recession
Filed under: Government/Legal, Ford, GM The past couple of weeks have been incredibly difficult for the stock market, with some of the largest drops in the history of the Dow. And even though Ford and...
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Ford reinstates dividend, first one in half-decade
Filed under: Ford, Earnings/Financials In another sign of its success, Ford has announced that it will be paying out a quarterly dividend, the first time it will do so in over five years. The...
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Investment firm buys 5.8% of GM
Filed under: GM, Earnings/Financials General Motors stock is down 45 percent over the last year, which would lead the uninformed to think that the automaker is still losing money by the bucketload. On...
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Treasury sold off $489M of GM stock in February
Filed under: Government/Legal, GM, Earnings/Financials The Detroit News reports that the US Treasury sold off around 17.2 million shares of General Motors stock in February worth $489 million. The move...
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