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Analysts Bullish About Porsche AG After IPO

Goldman Sachs, JPMorgan, Chase & Co., Citigroup and Deutsche Bank analysts rated the luxury automaker as a buy or equivalent this week.

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Cars.com Readies for IPO With New Hire

Cars.com has appointed James F. Rogers as the company’s chief legal officer. He will be responsible for directing all areas of legal and compliance, including legal-related aspects of strategic initiatives and acquisition-related legal and integration matters.

Ally ‘Highly Confident’ About Overcoming Boot From GM Leasing Program

During a quarterly earnings conference call last week, Ally’s former CEO opened up about General Motors’ unexpected decision to move all of its lease incentives to its captive, GM Financial.

Treasury Plans to Sell Additional Ally Common Stock

The U.S. Department of the Treasury plans to wind down its investment in Ally Financial by selling additional shares of common stock through its first pre-defined written trading plan. The Treasury current holds about 16% of Ally common stock.

TrueCar Announces Pricing of Initial Public Offering

Last week, TrueCar announced the pricing of its initial public offering of 7,775,000 shares of its common stock at a price to the public of $9 per share.

TrueCar Files for IPO

TrueCar filed a statement this week with the Securities and Exchange Commission for a proposed initial public offering of its common stock.

Bloomberg: Chrysler Amendments to IPO Highlight Conflicts With Fiat

Chrysler Group LLC amended its initial public offering to more clearly detail its value to its majority owner, Fiat, Bloomberg reports.

Santander Confirms Plans for IPO

According to a filing with SEC last week, Santander Consumer USA confirmed its intentions to raise up to $50 million in an initial public offering.

Santander Plans IPO

Santander Consumer USA and three other equity firms are planning to list Santander in the coming months to take advantage of favorable market conditions to sell shares.

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AutoTrader Pulls $300M IPO Plans

For the second time, Atlanta-based AutoTrader Group Inc. pulled plans to go public, according to a recent SEC filing.

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