General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

Some advertisers are concerned that Mr. Musk may scale back content moderation, which they worry will lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty in the company as top executives leave and Mr. Musk is considering a number of changes, some of the … Read more

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

Some advertisers are concerned that Mr. Musk may scale back content moderation, which they worry will lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty in the company as top executives leave and Mr. Musk is considering a number of changes, some of the … Read more

Ferraris and Aston Martins still sell well – when they can be built

Ferraris and Aston Martins still sell well – when they can be built

The super rich are spending more money than ever on smart cars. That doesn’t always make them super profitable to manufacture. Ferrari reported “remarkable order intake” along with third-quarter earnings on Wednesday. The luxury automaker doesn’t disclose reservations, but orders are still running for its Purosangue model — its long-discussed answer to sports cars, launched … Read more

UAW files for federal permission to set election at Ohio Battery Plant

UAW files for federal permission to set election at Ohio Battery Plant

The United Auto Workers is seeking federal permission to hold an election at a new Ohio battery plant co-owned by General Motors co. and claims that the factory’s owner has opposed the workers’ efforts to organize. The UAW said Monday that a majority of the plant’s 900 workers have signed cards requesting that the union … Read more

Porsche’s IPO hasn’t helped Volkswagen much

Porsche’s IPO hasn’t helped Volkswagen much

Volkswagen VOW -1.72% risk learning the wrong lesson by taking Porsche public. In his first quarterly call with investors since taking the top job at VW, Chief Executive Oliver Blume said on Friday that the “huge success” of last month’s initial public offering of Porsche would be a “role model” for all the group’s brands. … Read more

A downturn can also affect luxury cars

A downturn can also affect luxury cars

Luxury car brands should be better long-term investments than mass market ones. That doesn’t mean they’re recession-proof. Less than two weeks after its initial public offering, the Porsche POAHY -2.73% has already overtaken its majority shareholder Volkswagen VOW -1.06% in terms of market value. The comparison is simplistic, given differences in capital structure, but it … Read more

VW Priser Porsche IPO på Top of Range

VW Priser Porsche IPO på Top of Range

Tysklands Volkswagen AG LØFTE 1,77 % sagde onsdag, at det havde prissat den første børsnotering af Porsche AG EKSPLODERET 3,67 % i den øverste ende af det målrettede interval, hvilket sætter børsnoteringen på vej til at blive en af ​​Europas største i mere end et årti. Udbuddet af foretrukne aktier værdier Porsche til mere end … Read more

Hedge fund Millennium’s €126 million Porsche short signals bearish IPO bid

Hedge fund Millennium’s €126 million  Porsche short signals bearish IPO bid

Ahead of Volkswagen’s IPO of Porsche AG in a few weeks, the hedge fund Millennium International Management has built up a large short position in Porsche SE. According to data from research firm Breakout Point, Millennium disclosed a position representing 0.6% of the company’s shares on September 14th. A rough estimate based on current market … Read more

VW sets price range for Porsche IPO, valuing automaker at up to $78 billion

VW sets price range for Porsche IPO, valuing automaker at up to $78 billion

BERLIN—Porsche AG shares are set to begin trading Sept. 29 in one of the biggest European IPOs in years, raising up to $9.4 billion and valuing the sports car maker at as much as $78 billion. Porsche’s parent company, German auto giant Volkswagen AG, priced the public offering of preferred shares in line with average … Read more

Volkswagen to List Porsche in One of Biggest IPOs in Years

Volkswagen to List Porsche in One of Biggest IPOs in Years

The offering could value Porsche at between 60 billion euros and €85 billion, equivalent to between $59.8 and $84.6 billion, according to analyst estimates, injecting fresh cash into VW’s coffers that executives say will help the company bankroll its transition to electric vehicles and self- driving cars. VW plans to make just 12.5% ​​of Porsche … Read more