1. Articles from Matthew DeBord

    1-16 of 16

    1. Former FCA and Ferrari CEO Sergio Marchionne, a Legend of the Modern Auto Industry, Has Died at 66

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      Former FCA and Ferrari CEO Sergio Marchionne, a Legend of the Modern Auto Industry, Has Died at 66
      • Former FCA and Ferrari CEO Sergio Marchionne has died at age 66.
      • He had reportedly been in a coma in intensive care at a hospital in Zurich after complications from surgery.
      • The boards of FCA and Ferrari named his replacements following emergency meetings over the weekend.
      • Marchionne was an auto industry legend, leading a turnaround at Fiat and taking Chrysler from bankruptcy to renewed prosperity...
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      Mentions: Management IPO General Motors

    2. Tesla Shareholders Have Approved Elon Musk's Massive New Pay Package (TSLA)

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      Tesla Shareholders Have Approved Elon Musk's Massive New Pay Package (TSLA)
      • Tesla's shareholders have approved CEO Elon Musk's 10-year compensation package.
      • If Musk meets his targets, Tesla's market cap would rise to $650 billion.
      • The company is worth around $55 billion now and is struggling to meet production goals for the Model 3 mass-market vehicle.

      Tesla shareholders have approved CEO Elon Musk's massive new 10-year compensation package.

      A Tesla spokesperson confirmed the result after a shareholder vote on Wednesday...

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      Mentions: General Motors Tesla stock options

    4. The Mission of Ford's New CEO is Being Dragged Down by the Car Business

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      The Mission of Ford's New CEO is Being Dragged Down by the Car Business
      • Jim Hackett responded forcefully to a New York Times report about harassment at two Chicago plants.
      • Hackett's task has been to reset Ford story for Wall Street, but the reality of the auto industry is hampering his efforts.
      • He has no choice but to deal with the challenge of pointing Ford to the future without undermining its profitable past.

      When Jim Hackett took over as CEO of Ford from company veteran Mark Fields in May, the carmaker effectively split in two...

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      Mentions: Tesla Uber Wall Street

    5. There was no way David Einhorn was ever going to get his way with GM

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      There was no way David Einhorn was ever going to get his way with GM

      At General Motors' annual shareholder meeting on Tuesday, a proposal from Greenlight Capital to split the carmaker's stock into two classes and replace three directors on the board was shot down.

      Greenlight's David Einhorn has been pushing his scheme hard over the past few weeks, firing off letters to GM shareholders and decrying the company's management for a stock price that's currently trading at its 2010 IPO price...

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      Mentions: Management IPO General Motors

    6. BREAKING NEWS: GM Shareholders Shoot Down David Einhorn's Radical Stock-Split Plan (GM)

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      BREAKING NEWS: GM Shareholders Shoot Down David Einhorn's Radical Stock-Split Plan (GM)

      At General Motors' annual shareholder meeting on Tuesday a radical plan from Greenlight Capital, a hedge fund overseen by David Einhorn, was voted down.

      Greenlight, which controls more than 3% of GM's shares, wanted to split the stock into two classes: dividend shares and "capital appreciation" shares.

      Over several months, Einhorn vigorously argued that his scheme would unlock billions in value for GM shareholders...

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      Mentions: Hedge Fund Dividend IPO

    8. Wall Street Won't Stop Beating up on Ford — But the Automaker Could actually Have a Huge Advantage When the Next Downturn Hits

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      Wall Street Won't Stop Beating up on Ford — But the Automaker Could actually Have a Huge Advantage When the Next Downturn Hits

      Wall Street has been beating up on Ford. Over the past three years, the automaker's stock has declined 30%, at a time when US car sales have been booming and the S&P 500 surging.There seems to be nothing Ford can do to turn this around. The company continues to book solid profits and pay investors a dividend that yields more than 5%. Investors, it seems, are gripped by a growth mania that rewards no-profit, cash-incinerating companies such as Tesla and punishes steady performers like Ford...

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      Mentions: Dividend General Motors GM

    9. 2 Words Tell You Everything you Need to Know About What GM Thinks of David Einhorn's Stock Scheme

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      2 Words Tell You Everything you Need to Know About What GM Thinks of David Einhorn's Stock Scheme

      •GM and Greenlight are heading for a proxy showdown over the GM board

      •Greenlight Capital's Einhorn has accused GM of misrepresenting his plan to ratings agencies

      •GM has a history with financial schemes that have turned into disasters

      A battle is shaping up between General Motors and activist hedge funder David Einhorn's Greenlight Capital...

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      Mentions: General Motors Greenlight Capital GM

    10. David Einhorn is the Second Activist Investor to Target GM in Two Years — One Chart Explains Why (GM)

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      David Einhorn is the Second Activist Investor to Target GM in Two Years — One Chart Explains Why (GM)

      Greenlight Capital's David Einhorn is gunning for General Motors. The investor has turned activist and rolled out an unprecedented proposal to create two classes of GM stock, one driven by growth and the other supported by a permanent dividend.

      After studying Einhorn's proposal for seven months, GM rejected the plan as well as his goal of getting four seats on GM's board...

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      Mentions: Dividend CEO

    11. David Einhorn's terrible idea could not have come at a worse time for Gm (GM)

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      David Einhorn's terrible idea could not have come at a worse time for Gm (GM)

      It is no wonder that General Motors' investors are frustrated. While the US's biggest automaker has been enjoying years of booming and highly profitable sales, its stock performance has been weak.

      This frustration has now come to a head, with activist investor David Einhorn demanding GM consider a very unorthodox idea.

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      Mentions: CEO Investors Board of Directors

    12. GM's Management is Facing a Nightmare Scenario With David Einhorn (GM)

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      GM's Management is Facing a Nightmare Scenario With David Einhorn (GM)

      Greelight Capital's David Einhorn is bulking up in GM. GM stock has been rallying of late but has gravely underperformed relative to a major market index. The GM executives could come under extreme pressure in 2017, even as US sales and profits boom. Greenlight Capital's David Einhorn could be gearing up to push for changes at General Motors. I spotted this news at Seeking Alpha , where contributor "S. Hilgemann" took note of Greenlight's most recent 13F filing with the SEC...

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      Mentions: Management IPO General Motors

    13. Morgan Stanley's Top Auto Analyst Suggests GM Could Be Broken Up (GM)

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      Morgan Stanley's Top Auto Analyst Suggests GM Could Be Broken Up (GM)

      On Wednesday, General Motors reported fourth-quarter and full-year 2016 earnings. For the quarter, GM beat expectations. Global sales for the past year were a record for the company.  And the market did what it has grown accustomed to doing with GM stock, sending shares into a dive (they had been rallying nicely as part of the so-called "Trump Bump")...

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      Mentions: CEO

    14. Report: Porsche CEO Will Take Charge at VW

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      Report: Porsche CEO Will Take Charge at VW

      The Wall Street Journal is reporting that Porsche CEO Matthias Mueller will be the new CEO at Volkswagen.

      A Porsche spokesperson told Business Insider that the report was speculation.

      However, the VW Group's supervisory board is scheduled to meet on Friday, at which time it's expected that new CEO will be named to succeed Martin Winterkorn, who resigned on Wednesday in the the wake of an emissions-cheating scandal that has affected 11 billion vehicles worldwide.

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      Mentions: CEO
    1-16 of 16
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    JetBlue CEO To Step Down In 2015 VW CEO is Out Report: Porsche CEO Will Take Charge at VW GM's Management is Facing a Nightmare Scenario With David Einhorn (GM) 2 Words Tell You Everything you Need to Know About What GM Thinks of David Einhorn's Stock Scheme Wall Street Won't Stop Beating up on Ford — But the Automaker Could actually Have a Huge Advantage When the Next Downturn Hits BREAKING NEWS: GM Shareholders Shoot Down David Einhorn's Radical Stock-Split Plan (GM) There was no way David Einhorn was ever going to get his way with GM The Mission of Ford's New CEO is Being Dragged Down by the Car Business Apple Buying Tesla Doesn't Sound Like a Crazy Idea Anymore — Here's Why What the Volume and Diversity of Comment Letters to the SEC Say About its Climate Proposal Activist Investor Group Asks SEC to Investigate Tesla Over Plan to Shrink Board