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November 24, 2015
06:50 EDTVLKAYVW CEO: Steps to refit diesel engines 'manageable,' Reuters says
The moves needed to fix roughly 8.5M Volkswagen cars in Europe equipped with illegal emissions-control software are technically and financially "manageable," Reuters reports, citing comments from Volkswagen CEO Matthias Mueller. Reference Link
06:03 EDTDDAIFDaimler AG upgraded to Buy from Neutral at UBS
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November 23, 2015
10:37 EDTHMC, TM, F, NSANYFord no longer using Takata air bag inflators in future cars, AP reports
Ford (F) will stop using air bag inflators manufactured by Takata (TKTDY) in future vehicles, the Associated Press reports. The company joins Honda (HMC), Toyota (TM), and Nissan (NSANY) in choosing not to put the inflators in vehicles currently under development, the report says. Reference Link
10:33 EDTFFord recalls roughly 451,000 midsize vehicles in NA for potential fuel leak
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09:49 EDTTSLATesla slips lower in early trading, levels to watch
The stock is down 2% at time of writing to $215.58. At that price next support is at $208.80. Resistance is at the session high at $218.54.
06:24 EDTGMGM uses KBB to offer targeted incentives, Automotive News reports
General Motors has turned to Kelley Blue Book's website to offer targeted incentives to customers, Automotive News reports. Reference Link
November 22, 2015
18:46 EDTGMUAW union ratifies General Motors agreement
The United Auto Workers announced that its international executive board has formally ratified the national labor agreement with General Motors. The union explained that, after its proposed agreement with GM was blocked by the union's skilled trades members, it held meetings with those members and subsequently presented their concerns to both union leadership and GM itself. Following those discussions, the parties agreed to changes that "protect core trades classifications and seniority rights," according to UAW. Reference Link
18:32 EDTFUAW union members ratify Ford agreement
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16:53 EDTVLKAYVolkswagen denies report of low sales, Reuters says
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November 20, 2015
16:02 EDTTSLAOptions Update; November 20, 2015
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13:17 EDTVLKAYVolkswagen close to securing EUR20B bridge loan, WSJ says
Volkswagen AG is close to approaching 13 international banks for its planned EUR20B bridge loan with the goal of restoring confidence in its creditworthiness, the Wall Street Journal reports, citing people familiar with the matter. The 12-month bridge loan should be finalized by the end of next week, the people noted, adding that banks would take credit portions of between EUR1.5B-EUR2.5B. Reference Link
12:34 EDTTSLATesla November 215 and 220 puts active following Model S seatbelt recall
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12:14 EDTTSLATesla drops 2% following Model S seatbelt recall
According to multiple media reports, Tesla Motors is recalling all Model S sedans, or 90,000 cars worldwide, to inspect their front seat belts after a a customer in Europe reported that her seat belt disconnected when she turned to talk to rear passengers. Seat belts in the back seat also aren't affected and the the Model X SUV is not affected either. Shares of Tesla are down 2% to $217.26 in early afternoon trading following the news.
12:08 EDTTSLATesla down over 2% after reports of Model S recall
12:08 EDTTSLATesla recalling 90K Model S cars to check seatbelts, Bloomberg says
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09:25 EDTTSLATesla CEO says Autopilot ramp up a 'super high priority'
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08:21 EDTVLKAYVolkswagen cuts $1.1B from 2016 investment plan, Reuters reports
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06:04 EDTVLKAYReport: Volkswagen diesel recall to cost less than expected, Reuters says
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November 19, 2015
18:18 EDTVLKAYU.S. to investigate Bosch's role in Volkswagen emission scandal, Reuters says
U.S. authorities are conducting a probe into German auto supplier Bosch's role in Volkswagen AG's emission scandal, Reuters reports, citing people familiar with the matter. Reference Link
12:51 EDTVLKAYVolkswagen to reduce capex amid weakening of labor unions, Reuters says
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