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Stock Market & Financial Investment News

News Breaks
April 15, 2014
04:55 EDTALV, ALV, TEN, TEN, SMP, SMP, PAG, PAG, NSANY, NSANY, LKQ, LKQ, KAR, KAR, HMC, HMC, GPI, GPI, F, F, DLPH, DLPH, BWA, BWA, AXL, AXL, TRW, TRWBofA/Merrill to hold a summit
BofA/Merrill will host informal dinners with company management on April 15 followed by formal company presentations in the 2014 New York Auto Summit being held in New York on April 16.
News For ALV;AXL;BWA;DLPH;F;GPI;HMC;KAR;LKQ;NSANY;PAG;SMP;TEN;TRW From The Last 14 Days
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May 26, 2015
11:30 EDTFFord expands operations in North Africa
As part of its global growth plan, Ford Motor Company is expanding its operations in North Africa with a new regional sales office in Casablanca and a purchasing office in Tangier. “Morocco is a great place to do business,” said Kalyana Sivagnanam, Director, Ford Middle East & North Africa. “Morocco has a very skilled and motivated workforce, a growing automotive supplier ecosystem, access to ports, free and fair trade agreements and a very pro-business mindset. Ford is delighted to partner with Morocco to expand our operations in North Africa.” Ford is bringing seven new vehicles to North Africa this year and will more than double the amount of parts it purchases from North African-based suppliers. The growing automotive supplier network in North Africa, primarily in Morocco, will supply parts to Ford’s assembly plant in Valencia, Spain, among other operations. Ford has completed a 2.3B euro investment in its Valencia plant – the largest automotive investment in Spanish history – allowing it to increase its volume and the number of nameplates it produces.
10:07 EDTKARKAR Auction management to meet with Barrington
Meetings to be held in Denver on May 27 and in Minneapolis on May 28 hosted by Barrington.
07:17 EDTFConsumer Electronics Association to hold a conference
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May 20, 2015
09:02 EDTALVAutoliv rises after Takata airbag recall widened
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07:52 EDTSMPStandard Motor Products management to meet with BB&T
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06:06 EDTFFord's Turkish unit forced to cancel shift on supply chain issues, Reuters says
Ford's Turkish arm cancelled an extra work shift yesterday as labor unrest in Turkey's automotive sector hit the supply chain, Reuters reports. Ford Otosan commented, "As it was not possible to supply parts from intermediate product makers in Bursa, the preplanned extra working shift has been cancelled." Reference Link
06:00 EDTHMC, NSANY, FTakata to widen airbag recall to nearly 34M, enters Consent Order
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May 19, 2015
13:20 EDTHMC, F, NSANYTakata expected to recall 33.8M vehicles, Detroit News reports
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07:36 EDTHMC, FAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
May 18, 2015
12:33 EDTF, HMC, NSANYMarathon Patent unit enters into settlement agreement with Jaguar Land Rover
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10:30 EDTLKQLKQ Corp. management to meet with Barrington
Meeting to be held in Detroit on May 19 hosted by Barrington.
09:54 EDTF, HMC, NSANYNHTSA looks to accelerate V2V rollout by automakers, Motor Authority says
Automakers have been notified that initial proposals for the implementation of vehicle-to-vehicle technology will be outlined by before January 1, 2016, which would be a full year ahead of schedule, according to Motor Authority. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Mobileye (MBLY) makes chips utilized in advanced driver assistance systems. Reference Link
06:57 EDTNSANYNissan won't change capital alliance with Renault, Reuters says
Nissan CEO, Carlos Ghosn, stated that the company will not change its capital alliance with Renault, after France increased its stake and voting rights in Renault, reports Reuters. Reference Link
06:26 EDTNSANY, HMC, FStudy shows Toyota and Honda leads in best supplier relations, Reuters says
A new study revealed that Toyota (TM) and Honda (HMC) led automakers with U.S. plants in supplier relations, reports Reuters. According to the study led by Planning Perspectives President John Henke, Toyota led Honda while Ford (F) was a distant third and Nissan (NSANY) came in fourth. General Motors (GM) and Fiat Chrysler (FCAU) were last on the list. Reference Link
05:56 EDTNSANYNissan CEO says its autonomous cars will be ready by 2020, AP reports
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05:16 EDTHMCRaytheon secures contract with Honda in Europe
Raytheon Professional Services GmbH, or RPS, a subsidiary of Raytheon (RTN), has signed a long-term contract with Honda Motor Europe Limited (HMC) for the outsourcing of all development of their Pan-European dealer training, as well as domestic training delivery operations in the UK and Germany. As part of the contract, RPS will manage Pan-European curriculum content development, product launch training and Learning Management System administration and support. RPS' training services will cover Honda's complete product range including Cars, Motorcycles and Power Products, and will extend to all sales, aftersales, technical, and management personnel. The contract also includes the outsourcing and management of Honda's accredited apprenticeship program, across the whole product range, in the UK. Students will be able to achieve either an Intermediate or Advanced apprenticeship through the program.
May 17, 2015
16:18 EDTNSANY, HMCJapanese carmakers delay Takata restructuring until post-recall, Reuters says
Japanese automakers including Honda (HMC), Nissan (NSANY), and Toyota (TM) are delaying pressure for a restructuring at Takata (TKTDY) until the company ships out a healthy supply of replacement parts, reports Reuters, citing Masaki Higurashi, deputy director of the Japanese trade ministry's auto division. "After all the replacement parts are supplied, the automakers have to decide whether to let Takata stay on as it is... I think the automakers are starting to think about that," added Higurashi. Reuters notes that Takata and the carmakers disagree on whether the most recent round of airbag recalls are necessary, and as a result have not reached an agreement on costs. Reference Link
May 15, 2015
08:56 EDTTRWZF completes acquisition of TRW Automotive
ZF Friedrichshafen and TRW Automotive announced that the companies have completed the transaction under which ZF has successfully acquired TRW. TRW will be incorporated into ZF as a new division called Active & Passive Safety Technology. The combined company operates under the name ZF Friedrichshafen AG. On September 15, 2014, ZF and TRW signed a Merger Agreement for the acquisition of TRW by ZF. This agreement was subject to a number of closing conditions, all of which have now been met, including the approval by TRW stockholders and antitrust clearances in various countries and regions such as the U.S., China, and the EU. Pursuant to the terms of the Merger Agreement, upon completion of the acquisition, TRW became a wholly-owned subsidiary of ZF, and each outstanding share of TRW common stock was converted into the right to receive $105.60 in cash. As a result of the completion of the acquisition, TRW shares ceased trading on the New York Stock Exchange prior to market open today, and will be delisted.
06:59 EDTHMCLatest Honda airbag recall could impact Japan sales, Reuters says
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06:29 EDTHMCHonda's India unit to recall 11,381 vehicles, Reuters reports
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