#ActivistInvestors

Carl Icahn Wants It All

Billionaire businessman and activist investor Carl Icahn wants to snatch up the last bits of Federal-Mogul Holdings Corporation he doesn’t already own, Automotive News reports.

The 80-year-old tycoon already owns an 82 percent share in the Southfield, Michigan-based global auto parts supplier, where he serves as chairman, but his recent offer of $7 a share could net him full ownership.

Steph Willems Feb 29, 2016

Marchionne Planning Shotgun Wedding For FCA With General Motors

How desperate has FCA CEO Sergio Marchionne become about marrying off his company? He’s asking activist investors to prod General Motors to the chapel.

Cameron Aubernon Jun 09, 2015

Recent Comments

28-Cars-Later What happened to the $1.1 million pounds?I saw an interview once I believe with Salvatore "the Bull" Gravano (but it may have been someone else) where he was asked what happened to all the money while he was imprisoned. Whomever it was blurted out something to the effect of "oh you keep the money, the Feds are just trying to put you away". Not up on criminal justice but AFAIK the FBI will seize money as part of an arrest/investigation but it seems they don't take you to the cleaners when they know you're a mobster (or maybe as part of becoming a rat they turn a blind eye?). I could really see this, because whatever agency comes after it has to build a case and then presumably fight defense counsel and it might not be worth it. I wonder if that's the case here?
28-Cars-Later "Around half of that money comes from the Department of Energy to help internal combustion engine suppliers retool to make EV parts."So, pay them to dispose of their current presses/equipment to choke future parts availability, then most of them become insolvent when EV doesn't happen. Brilliant!"Another $50 million provides grants of up to $300,000 for the companies to make their factories greener and improve cybersecurity.""$300K isn't squat to renovate anything in an actual factory or hire new SecOps folks/add to an IT dept (best I can think of is some developer training/conferences on more secure coding). Depending on how one would qualify, this is either a bribe to the owners so they'll dance whatever tune comes out of Washington, or just free money to selected parties (i.e. subservient to D.I.E.).FJB - May he live at least another 40 years in the most excruciating pain possible.
Kwik_Shift_Pro4X Auto Stop/Start is useless. If you want it, great, but it should be an option within a package. Same with those satellite stations. Just leave it off my head unit and give me AM radio and a USB port for my own music collection.
Doc423 Question to EV/Tesla owners : how long will a Tesla or EV hold a charge on it's battery when it sits for months, especially, like here, outdoors in all weather conditions??
Doc423 Would LOVE to see the laws changed here in the U.S. and see may of these sleezebags get jail time, including Dealers.

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