Stock Market
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Fiat Chrysler Automobiles CEO Sergio Marchionne has courted potential partners for a merger before, but a new report suggests that a new suitor may be waiting to buy the automaker now. Asia Times reported last week, citing unnamed sources, that Hyundai is waiting until later this year to buy FCA (NYSE:FCAU) ahead of Marchionne's retirement next year. The report suggests that Hyundai (NASDAQ: HYMTF) is waiting for a decline in FCA's stock price before launching the takeover. FCA's stock is currently trading just above $19 per share. FCA declined to comment on the report. A spokesman for...
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Cosworth plans for IPO in 2019Legendary manufacturer of Formula One engines, Britain-based Cosworth, has plans to go public in 2019 in New York. Reuters reported on Thursday that the company is looking to launch an initial public offering (IPO) after the first quarter of 2019. Today, Cosworth does much more than build engines...
Sean Szymkowski
