There has long been chatter of a potential General Motors(GM) spinoff of its electric vehicle business. Barron’s reports that Deutsche Bank analyst Emmanuel Rosner, who calls the deal a “no-brainer” would be worth between $15 billion and $95 billion dollars, and not lead to much of a decline in enterprise value for the core business, which trades at… Read More »
Grab your coffee and get over hump day with a helping of idle spinoff speculation in this edition of Odds and Ends. Who knows? Maybe these spins could be coming to your portfolios one day soon! Morgan Stanley’s Adam Jonas thinks GM (GM) should spin off its Cadillac business. He thinks it could be worth $15b as a… Read More »
The automotive space is undergoing a tremendous amount of change and the forecast calls for more turbulence. I mean, Google’s Waymo is advertising! It’s been interesting to watch the different approaches taken by the OEMs though. For example, GM (GM) has been very active in both electrification (despite the hype differential its Bolt outsells Tesla’s Model 3) and… Read More »
In case you haven’t noticed, the automotive space is undergoing a few changes. New players are muscling in and the entire supply chain – from the OEMs all the way down to the Tier 3s – are under siege. As a result, everyone is scrambling to secure their part in the automobile of the future which many expect… Read More »
In late 2015, Sergio Marchionne led the successful IPO and spinoff of Fiat Chrysler’s(FCAU) Ferrari(RACE) division. Now various speculations suggest that he may spin off Maserati, Jeep, or the Parts division. Marchionne, who is set to retire in 2019, has tried to lure a buyer, publicly courting General Motors(GM), even, but has not found a partner. Alternatively, some believe… Read More »
Posters featuring its iconic speedsters grace the walls of teenagers’ bedrooms around the world. Now, fans will have a chance to own a piece of the company. Management is busy on the road this week promoting an IPO of Ferrari. The company, 90% of which is owned by Fiat Chrysler(FCAU), will, naturally, trade under the ticker RACE. The IPO… Read More »
There are few companies in America with as long a history as DuPont (DD). Started as a gunpowder mill in Delaware in 1802, the company has been a fixture on the American business landscape for over two centuries. DuPont was a force behind the creation and growth of General Motors (GM) and invented many of the signature materials… Read More »