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  • Newswire

    Report Says FCA's Marchionne Still Pursuing GM Merger  

    The FCA chief says in a published report it would be "unconscionable" to abandon a merger with GM, but the automaker says it conducted in an in-depth review of Marchionne's proposal and is satisfied with its current course....More
  • Newswire

    UPDATE 3-Suzuki Motor says it will buy back VW stake as court settles feud  

    * Suzuki chief says he feels 'so refreshed' * VW welcomes clarity, says cooperation now ended * German stake worth about $3.8 bln at Friday's close * Investor Loeb wants Suzuki to cancel shares after buyback * Suzuki shares flat in Tokyo after initial jump (Adds Suzuki share reaction, analyst comment in paragraphs 6, 7) By Minami Funakoshi and Ritsuko Ando...More
  • Newswire

    Sources Say China's BAIC Eyeing Stake in Daimler  

    A Daimler spokesman, asked about the car-manufacturing unit of Beijing Automotive Group's interest in the German luxury automaker, says, "Investors from China are also welcome."...More
  • Newswire

    TRW Integration Going Well, Auto Supplier ZF Says  

    Releasing first-half financial results for the first time in its history, ZF reports earnings before interest and tax increased 89% from prior-year and says its acquisition of rival supplier TRW is progressing well....More
  • Newswire

    Green Vehicles Grow Profits for China's BYD 29%  

    The automaker reports an 18% rise in revenues and a 29% spike in first-half profits driven largely by higher sales of its hybrid and electric vehicles....More
  • Newswire

    Volvo First-Half Profit Up 71%  

    The Swedish subsidiary of Chinese automaker Geely is maintaining its full-year forecast of nearly 500,000 cars, with gains in Europe and the U.S. offsetting a slowdown in China....More
  • Newswire

    Fiat Spinoff Boosts FCA's Fortunes  

    Rising sales and profits, and successful new products, have improved the automaker's share value going back to last year, but some analysts predict a backslide when the Ferrari spinoff is completed....More
  • Newswire

    Tesla Hikes Share Offering to $642.5 Million  

    The electric-vehicle maker says it will offer 2.7 million shares valued at $642.5 million, nearly 30% higher than the $500 million sale announced Thursday....More
  • Newswire

    UPDATE 3-Musk to invest $20 mln in Tesla's $500 mln share sale  

    (Adds Breakingviews link) By Sagarika Jaisinghani and Arunima Banerjee Aug 13 (Reuters) - Tesla Motors Inc CEO Elon Musk will invest $20 million as part of the company's $500 million stock offering in a show of confidence at a time when the electric car maker is burning through cash. Tesla said on Thursday it would use the proceeds from the sale to help fund its upcoming Model 3 project and its battery gigafactory in Nevada. (http://bit.ly/1TuIQJa)...More
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