What can you do, inevitably, some sort of trouble comes around to your business endeavour no matter how good the cars you make are. This is certainly the case of Porsche, a company that has been struggling for quite some time now as far as the money is concerned.
Well at least financially that’s what happening to the Japanese Zoom Zoom car maker. The actual term is something rather financial as Mazda’s largest shareholder will no longer be Ford but in fact a bank which is based in Tokyo.
The ever important word in recent months at General Motors, their Initial Public Offering has recently become an even more interesting to watch affair than it was not that long ago. A few days ago, GM’s CEO, Ed Whitacre had a bit of a chat with a reporter from Reuters who got it out of
Tesla Motors, the exclusive will start trading today on the NASDAQ Stock Market under the ticker of TSLA has already sold its shares and with quite a bit of a result. The company has already raised $226 million by selling shares above its forecast price range, according to the Securities and Exchange Commission filing.
According to some “inside sources” General Motors and the US Treasury are expected to already have chosen a lead bank for the carmaker’s initial public offering as early as this following week. Since GM’s Ed Whitacre is eagerly expecting public listing, the report claims that GM, which is majority-owned by the US government, would have
Ford Motor Company’s executive chairman William Clay Ford Jr. announced this week to shareholders that dividend payments would not be made until the automaker pays down more of its debt. During the same statement he also mentioned that shareholders don’t have any right to complain, considering the soar in stock value and the fact that
