Financial

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Tesla to join Nasdaq 100 as Oracle defects to NYSE

September 11th, 2014|Categories: Automakers, Manufacturing, Production|Tags: , , , |

Tesla Motors Inc., the world's best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange. The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on [...]

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Fiat exercises option to buy additional 3.3% of Chrysler shares

September 10th, 2014|Categories: Automakers, Manufacturing, Production|Tags: , , , , |

Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent. The move is part of CEO Sergio Marchionne's step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen. Fiat has [...]

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