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Stock Market & Financial Investment News

News Breaks
June 24, 2014
06:08 EDTTM, HMC, FIATY, NSANY, FSeven autoamkers to repair air bag problems in vehicles, Detroit News says
Seven major automakers said they will repair vehicles linked to faulty air bags that could explode and cause serious injuries, reports the Detroint News. The automakers -- which include Ford (F), Chrysler (FIATY), Toyota (TM), Nissan (NSANY), Honda (HMC), BMW, and Mazda -- come after the NHTSA held a conference call on June 13 that pressed them to recall vehicles connected to air bag inflators built by Takata. Reference Link
News For F;FIATY;TM;NSANY;HMC From The Last 14 Days
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November 18, 2014
09:55 EDTFFord recalling 65,000 Fusion sedans in North America, Reuters reports
Ford is recalling 65,000 Fusions in North America, or about 56,500 in the U.S., 6,000 in Canada and 2,350 in Mexico, Reuters reports. The automaker is recalling the vehicles due to a programming fault that allows the key to be removed from the ignition even if the car is not in "park" 30 minutes after the ignition is off. No injuries or crashes have been reported as a result of this issue. For the latest breaking news, listen to Fly Radio
06:46 EDTTMToyota to sell fuel cell car in Japan in December, Reuters says
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06:00 EDTHMCHonda quietly offers to replace defective air bags, AP reports
Though its latest recall for defective air bag inflators only covers vehicles in 13 states, Honda is quietly offering to repair the inflators across the U.S. for owners concerned about their safety, the Associated Press reports. Honda is not planning to notify customers outside the recall areas, the AP says. Reference Link
November 17, 2014
14:17 EDTFFord wants to make electric vehicles for the masses, Yahoo reports
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12:59 EDTTMToyota experimenting with driverless car technology, Nikkei reports
Toyota is working on driverless car technology at its U.S. research centers in a move to develop "self-judging" vehicles that can avoid traffic accidents, the Nikkei reports. Reference Link
09:22 EDTFOn The Fly: Pre-market Movers
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November 16, 2014
19:58 EDTHMC, TMJapan's GDP contracts 1.6% in third quarter, WSJ says
Japan's economy has slumped into a recession in the third quarter as a sales tax increase resulted in firms cutting inventory and capital investment, says the Wall Street Journal. According to the Wall Street Journal report, Japan's real GDP in Q3 retreated 1.6% on an annualized basis against a median forecast for a 2.25% expansion. The setback in the country's growth will likely result in Prime Minster Shinzo Abe postponing a second sales tax increase, added the Wall Street Journal. Reference Link
17:57 EDTFFord expands Ranger recall on additional Takata air bag defect, Bloomberg says
Ford has increased the scope of its Ranger pickup trucks recall after an incident in Malaysia alerted the car company of a defect in the Takata air bags that was not previously known, says Bloomberg. Reference Link
16:55 EDTFFord could rise 30% in a year, Barron's says
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November 14, 2014
06:16 EDTFIATYEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link
November 13, 2014
11:15 EDTFFord wary of expanding South African investment, Reuters says
Due to repeated disruptions to its operations from strikes, Ford is reticent to expand its investment in Its South African operation, says Reuters. Jeff Nemeth, president of Ford's South African business, said, "A challenge for us here in South Africa is convincing our board to continue to invest in a country where the stability of output is a little less certain than in other countries," added Reuters. Reference Link
06:46 EDTHMCHonda recalls another 170K vehicles over air bag issue, Reuters says
Honda recalled another 170,000 vehicles globally because of defective air bags supplied by Takata, according to Reuters. Meanwhile, the Malaysian driver of a Honda City vehicle was killed by shrapnel from a Takata air bag, becoming the fifth such fatality globally and the first outside the U.S. ,the news service stated. Reference Link
November 12, 2014
07:22 EDTFFord offers favorable risk/reward, says UBS
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06:39 EDTHMCFormer heads of Honda say more focus on quality control needed, Reuters reports
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06:03 EDTTMToyota recalls 361,800 vehicles worldwide, Reuters reports
Toyota is recalling 361,800 vehicles around the world, covering three separate defects, Reuters reports. The recalls include 170,000 Camrys to fix a faulty ball joint, and the automaker is also recalling 105,800 Hiace, Dyna and Regius Ace models mainly in Japan, as well as 86,000 Crown and Crown Majesta models in Japan. Reference Link
November 11, 2014
07:15 EDTFFord begins production of 2015 F-150 at Ford Rouge Center
The 2015 Ford F-150 starts production at Ford Rouge Center. The facilities have been transformed with the latest in manufacturing technology to build the first mass-produced truck in its class featuring a high-strength, military-grade, aluminum-alloy body and bed. The new F-150 goes on sale in December in the U.S. and will be available in 90 markets in 2015.
November 10, 2014
15:57 EDTTM, NSANYWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
11:16 EDTNSANYNissan to hire 1,000 more workers, Automotive News says
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08:04 EDTFFord announces partnership with Wind Energy Corporation
Ford Motor Company is collaborating with Wind Energy Corporation to bring a new and innovative source of clean energy to its dealers. Under a pilot program exclusive to Ford, Wind Energy will install wind sail and solar panel systems at four Ford dealerships, a nearly $750,000 investment, to help power dealer facilities. A Windy System is expected to deliver 20,000 kilowatts of electricity annually. That is enough energy to power two average-sized homes for a year or charge a Ford Focus Electric 870 times, Fusion Energi 2,600 times and C-MAX Energi 2,600 times. Using one Windy System will offset nearly 14 tons of greenhouse gases per year.
06:51 EDTHMCHonda to prioritize quality over sales goal, Reuters reports
Honda 's CEO said quality improvements would be more important to the company than its 6M car sales target for the year starting April 2016, according to Reuters. Honda is recalling millions of its cars to repair potentially defective air bags, the news service noted. Reference Link
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