#Volvo reportedly preparing for upcoming  billion IPO

#Volvo reportedly preparing for upcoming $20 billion IPO

“#Volvo reportedly preparing for upcoming $20 billion IPO” The owner of Volvo, China’s Geely Holding, is in advanced discussions with banks to list the automaker in the coming weeks, three sources told Reuters, in what is expected to be one of Europe’s biggest initial public offerings this year. Volvo is aiming for a valuation of about…

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#AutoNation shares surge after speeding past earnings estimates

#AutoNation shares surge after speeding past earnings estimates

“#AutoNation shares surge after speeding past earnings estimates” AutoNation said it expects strong demand for new vehicles to continue into next year, as low-interest rates and robust demand helped the top US auto retailer trounce quarterly earnings estimates. The company said on Monday sales of new and used vehicles surged 42 percent and 37 percent,…

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#EU fines Volkswagen, BMW  billion for emissions cartel

#EU fines Volkswagen, BMW $1 billion for emissions cartel

“#EU fines Volkswagen, BMW $1 billion for emissions cartel” The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems. Daimler, BMW and Volkswagen along with its Audi and Porsche divisions avoided competing on technology to restrict pollution…

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