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Stock Market & Financial Investment News

News Breaks
September 21, 2012
09:55 EDTAXL, AXL, BWA, BWA, CTB, CTB, F, F, GM, GM, GPI, GPI, LAD, LAD, PAG, PAG, SAH, SAHBofA/Merrill's automotive analyst to hold an Analyst/Industry conference call
Automobile Analyst Murphy discusses his auto dealer manual in-depth report including research of public auto dealers, major trends in the auto dealer industry and investment implications on an Analyst/Industry conference call. Relevant covered companies AXL, BWA, CTB, F, GM, GPI, LAD, PAG and SAH may be included in the Analyst/Industry conference call to be held on September 21 at 10 am.
News For AXL;BWA;CTB;F;GM;GPI;LAD;PAG;SAH From The Last 14 Days
Check below for free stories on AXL;BWA;CTB;F;GM;GPI;LAD;PAG;SAH the last two weeks.
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May 22, 2013
12:17 EDTGMGM to bring apps to some autos, Cnet reports
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11:06 EDTF, AXL, GMAuto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80.
07:46 EDTFFord shares could rise 50% over next two years, Barron's says
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05:36 EDTFFord raises N American capacity by 200K units, reduces summer shutdown, adds jobs
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May 21, 2013
16:04 EDTFOptions Update; May 21, 2013
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09:33 EDTFBloomberg LINK to host a summit
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07:32 EDTGMCTIA–The Wireless Association to host a conference
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06:17 EDTGM, FDetroit automakers rebound as style sells, Bloomberg reports
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May 20, 2013
15:11 EDTGMGM marketing push set for new pickups, Reuters says
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08:59 EDTGMGeneral Motors price target raised to $43 from $34 at Argus
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06:01 EDTGM, FImported car prices in China decline, Bloomberg reports
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05:35 EDTFFord Fusion Energi earns top vehicle safety rating from NHTSA
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May 17, 2013
16:00 EDTFOptions Update; May 17, 2013
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10:17 EDTGMGM jumps above IPO level after CLSA boosts rating
Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today.
10:07 EDTGMOn The Fly: Analyst Upgrade Summary
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05:39 EDTGMGeneral Motors upgraded to Buy from Underperform at CLSA
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May 16, 2013
16:36 EDTGPIGroup 1 Automotive raises quarterly cash dividend 6.7% to 16c per share
Group 1 Automotive announced that its board declared a cash dividend of 16c per share for Q1. The dividend, which represents an increase of 6.7%, or 1c per share, from 4Q12, will be payable on June 17, to stockholders of record on June 3.
12:36 EDTFFord sued over alleged engine defects, Automotive News says
Three vehicle owners are suing Ford over alleged defects in the automaker's six-cylinder EcoBoost engine.according to Automotive News. The plaintiffs allege that the engine had defects that caused the vehicle to "shake, misfire and rapidly lose power," the website stated. Reference Link
10:03 EDTFOn The Fly: Analyst Upgrade Summary
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08:16 EDTFFord upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Ford following checks that indicate European production has bottomed, which removes an overhang. The firm believes investors will focus on strong North American results and an improved balance sheet. Price target raised to $18 from $15.
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