Goldman Sachs, JPMorgan, Chase & Co., Citigroup and Deutsche Bank analysts rated the luxury automaker as a buy or equivalent this week.
DETROIT — Just days before it named Jeffrey Brown as its new CEO, Ally Financial’s then-CEO Michael Carpenter expressed surprise at a move by General Motors to put 100% of its U.S. Buick, Cadillac and GMC lease incentives in the hands of its captive, GM Financial. “While we were not surprised by the idea of ... Read More »
The initial public offering of luxury carmaker Ferrari is expected to happen between the second and the third quarter of 2015, the chief executive of parent Fiat Chrysler Automobiles (FCA) said on Tuesday, reported Reuters. FCA CEO Sergio Marchionne said last month he would spin off Ferrari from the group, sell a 10 percent stake ... Read More »
WASHINGTON — Last week, the U.S. Department of the Treasury announced that it would continue to wind down its investment in Ally Financial by selling additional shares of common stock through its first pre-defined written trading plan. The Treasury currently holds 75,065,340 shares, or approximately 16% of Ally common stock. “Treasury’s sale of additional Ally ... Read More »
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