Author: Bingborg Newsfeed

Aston Martin Seeks $6.8 Billion Value in Potential IPO

Aston Martin is targeting a valuation of as much as 5 billion pounds ($6.8 billion) in a potential initial public offering of the British sports car maker, according to people familiar with the matter. The manufacturer has held preliminary talks with advisers about a valuation including debt that would put it on par with Ferrari NV,… Continue reading Aston Martin Seeks $6.8 Billion Value in Potential IPO

Cadillac Is Said to Ready Small SUV to Jumpstart Weak U.S. Sales

General Motors Co. is gearing up one of its car plants to build a new Cadillac crossover with hopes of reversing the luxury brand’s sales slump in the U.S., according to people familiar with the matter. The automaker has begun building test versions of the Cadillac XT4 at its assembly plant in Kansas City, said… Continue reading Cadillac Is Said to Ready Small SUV to Jumpstart Weak U.S. Sales