DETROIT (Reuters) – General Motors Co is frustrating the hell out of Wall Street.
Many securities analysts have “buy” ratings on the stock and are hopeful that a raft of new cars and trucks hitting showrooms over the next year could ignite growth at the automaker, which was bailed out by the U.S. government in 2009.
DETROIT/FRANKFURT (Reuters) – General Motors (GM.N: Quote, Profile, Research, Stock Buzz) and PSA Peugeot Citroen (PEUP.PA: Quote, Profile, Research, Stock Buzz) are exploring ways to combine European operations in a second phase of the carmaking alliance they forged to save costs earlier this year, sources said.
The U.S. and French automakers have discussed combinations including a joint venture between GM’s Opel division and Peugeot’s core manufacturing arm, according to three people with knowledge of the matter. They asked not be identified because the discussions were confidential.
FRANKFURT/DETROIT, Oct 5 (Reuters) – General Motors Co
said on Friday its European brand Opel was “vital” for
GM’s future in Europe, dismissing once again speculation it
might sell the company should an alliance with French carmaker
PSA Peugeot Citroen collapse.
GM has thrown its weight behind a restructuring of its
loss-making German business, rather than opt for a sale or
closure urged by some U.S. investors.
DETROIT (Reuters) – Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz) Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
Tesla, whose shares were off 2 percent Thursday afternoon, last week cut its full-year revenue forecast due to a slower-than-expected rollout of the Model S and said it was raising another $150 million through a share offering.