By on October 29, 2014

Ferrari-458-Speciale-A-1

By this time next year, Ferrari will no longer be a part of Fiat Chrysler Automobiles, thanks to a plan announced today that will spin the exotic brand off from the rest of the Italo-American automaker.

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By on October 27, 2014

2013 Toyota RAV4 EV, Exterior, Photography Courtesy of Alex L. Dykes

Daimler wasn’t the only to sell its Tesla shares last week, as Toyota has done the same with some of its shares in the company.

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By on October 23, 2014

Mercedes-Benz B-Klasse Electric Drive – Laden / Mercedes-Benz

Over five years ago, Daimler AG acquired a 9.1 percent interest in Tesla, gaining 1,000 battery packs for its Smart EV in exchange for helping to put the Model S on the road to production.

Wednesday, Daimler sold its remaining 4 percent in the company, netting $780 million for the trouble.

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By on September 15, 2014

Ally at NYSE

Ally Financial, the lending artist formerly known as GMAC Financial, inches closer to freedom from government ownership as the United States Treasury begins a second trading plan to shed its shares.

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By on December 10, 2013

RenCen GM HQ Circa June 2008

It’s official: the United States government has sold off its remaining $49.5 billion investment in General Motors.

(Read More…)

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