Throwing investment advice of eminent experts such as the LA Times editorial board and former GM CEO Ed Whitacre in the wind, the Treasury will not sell its holdings in GM as recommended, but hold on to the stock. Why? For the same reasons that prompt smaller scale investors to hold on: The Treasury “expects the stock to rise in the future due to a roll-out of several new vehicles,” people familiar with Treasury’s thinking told Reuters. (Read More…)
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Tag: shares
Germany’s luxobarge makers aren’t just happy selling their luxobarges to China. Now they want Chinese money straight up. Daimler is flirting with the Chinese sovereign wealth fund China Investment Corporation (CIC), which may want to buy 5 or 10 percent of Daimler. (Read More…)
Posted in China, Germany, High Finance, News Blog
Tagged as Bertel Schmitt, China, daimler, Grmany, shares
Tagged as Bertel Schmitt, China, daimler, Grmany, shares
In June 2009, Fiat was handed 20 percent of a washed and rinsed Chrysler for no cash, and despite protests, the deal was rammed through. The UAW was given 55 percent, the U.S. and Canadian governments controlled 8 and 2 percent, respectively. Often overlooked, or forgotten, the deal came with an option for Fiat to raise its stake to 35 and eventually as high as 51 percent if it meets some rather vague financial and developmental goals, hashed out with the U.S. government.
Sergio Marchionne thinks the goals are met. He plans to increase Fiat’s holdings in Chrysler to 35 percent within two years, says Reuters. (Read More…)
Posted in Europe, Germany, Government, High Finance, Industry, Italy, News Blog
Tagged as Bertel Schmitt, Chrysler, Fiat, Italy, shares, uaw
Tagged as Bertel Schmitt, Chrysler, Fiat, Italy, shares, uaw
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gslippy - “So take this rather lame post with a grain of salt.” I do, and thanks for your honesty. Do you like and trust the CEO of the mfr who made...
Beerboy12 - I have not been into the outback either but I have heard about it. Australia is only slightly smaller than the US and most of it can kill you. You can...
dolorean - +1 Syke
Quentin - The double cab flat bed, V8 diesel LC70 truck shown in the eBrochure is incredible. Love it.
dolorean - @Felix, interesting that you put a price and a mileage. I agree it should be a 100 mile range. However, fuel costs are not the only savings to an...
Beerboy12 - Another Jeep Wrangler recovery vehicle!
dolorean - Diesel is not going to dominate as you say it is, not because of the green movement who is for vehicles that get better mileage and diesels have...
gslippy - I tend to agree; he loves the spotlight. But he’s dumber than he looks if he’s flushing up to $20 million of his own money...
gslippy - The Chinese don’t want it, they won’t fix it, and the Karma was nothing but a terrible repackage of a Volt.
Easton - The Harper government seems to be reluctant to invest in anything that could benefit people east of Manitoba. Ontario is hurting badly and cannot afford...