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Stock Market & Financial Investment News

News Breaks
April 11, 2014
14:14 EDTF, GMDeutsche Bank upgrades Ford on earnings outlook
Deutsche Bank upgraded Ford (F) to Buy from Hold in a note to investors, saying that the company's earnings are poised to increase significantly in 2015-2016. WHAT'S NEW: Ford can increase the price of its pickup trucks, Deutsche Bank analyst Rod Lache wrote. The company's pickups now cost just an average of about $150 per vehicle more than GM's offerings, versus the average gap of $3,000 over the last five years, Lache explained. Ford's new F150 truck will be less expensive than previously expected, as the truck's aluminum body will be cheaper than anticipated and the company has been able to find other ways to cut production costs, the analyst stated. Additionally, Ford's prospects in Europe and China are "favorable," according to the analyst, who upgraded the stock to Buy from Hold. He raised his price target on the shares to $19 from $18.50. WHAT'S NOTABLE: Lache was somewhat upbeat on General Motors (GM), saying that the company can keep it profits at "decent" levels by cutting its costs. However, he added that the automaker's products have not met expectations. Lache now expects GM's share of the pickup truck market share to drop to 17% in 2015 from 17.5% this year. He lowered his 2014 EPS estimate for GM to $2.58 from $3.38 and reduced his 2015 EPS estimate for the company to $4.20 from $4.80. Lache reduced his price target on the shares to $41 from $48, but kept a Buy rating on the stock. PRICE ACTION: In mid-afternoon trading, Ford added 0.6% to $15.72, while GM fell 2.9% to $32.33.
News For F;GM From The Last 14 Days
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April 20, 2015
11:35 EDTGMGeneral Motors ignition switch death claims rise to 87, WSJ reports
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06:50 EDTGM, FTesla price target slashed to $165 at JPMorgan
After lowering its earnings estimates to reflect adverse currency moves, higher operating costs and slower than earlier expected Model X ramp, JPMorgan cut its price target for Tesla shares to $165 from $175. The stock closed Friday up 9c to $206.79. The firm dropped its Q1 earnings estimate to (38c) from (31c) despite the increase in Q1 deliveries preannounced by the electric car maker. JPMorgan keeps an Underweight rating on Tesla, the firm's equivalent to a sell. It maintains Overweight ratings on Ford (F) and General Motors (GM) with price targets of $19 and $46, respectively, ahead of the Q1 reporting season.
April 19, 2015
13:14 EDTFFord introduces new Taurus sedan for affluent Chinese customers, WSJ says
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12:42 EDTGMGM China JV plans $16B investment in new car development, WSJ says
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April 17, 2015
13:01 EDTFFord confirms $2.5B investment in new engine, transmission plants in Mexico
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08:01 EDTFFord, DowAska to jointly develop carbon fiber for light-weighting applications
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April 16, 2015
08:26 EDTFNew aluminum Ford F-150 gets top safety rating, Detroit Free Press reports
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06:33 EDTGMToyota engineer says charging electric cars quickly impractical, Reuters says
Charging electric vehicles quickly would place too much pressure on the electricity grid, Yoshikazu Tanaka, chief engineer of Toyota's hydrogen fuel-cell car Mirai, said, according to Reuters. If a car received enough electricity in 12 minutes to travel 310 miles, it would probably consume enough electricity to power 1,000 houses, the news service quoted Tanaka as saying. Prominent makers of electric cars include Tesla (TSLA), Nissan (NSANY), and GM (GM).Reference Link
April 15, 2015
19:20 EDTGMCo-lead counsel in GM ignition lawsuit will appeal bankruptcy shield ruling
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17:45 EDTGMJudge allows GM to remain shielded from pre-bankruptcy accidents, Reuters says
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16:47 EDTGMJudge says GM can keep 'shield' against pre-bankruptcy lawsuits, Reuters says
09:55 EDTF, GMBofA/Merrill U.S. autos analysts hold an analyst/industry conference call
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05:27 EDTFTenneco to supply Ford Focus and Ford C-MAX with suspension technology
Tenneco (TEN) announced that Ford (F) has chosen Tennecoís damper technology for its new Ford Focus and Ford C-MAX, both of which are built on Fordís C-Car global platform. According to Ford, these latest launches introduce a number of advanced new technologies focused on enhanced comfort, safety and ride quality. Tennecoís Multi-Tuned Valve is a cost-effective twin tube valve system that provides a wide range of tuning options. MTV offers improved shock absorber performance and durability compared to conventional valves, and enables the optimum balance between body control and driver comfort.
April 14, 2015
18:07 EDTGMGeneral Motors seeks to cut costs via longer term supply contracts, WSJ says
General Motorsí new purchasing chief said the company is trying to lock in its supplier contracts for a term covering two vehicle generations, or as long as a decade, in a bid to cut costs and gain access to advanced technology, The Wall Street Journal reports. Reference Link
12:23 EDTFFord likely to announce $2.5B investment in Mexico this week, Reuters reports
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April 13, 2015
17:21 EDTGMGeneral Motors confirms raising quarterly dividend to 36c from 30c per share
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13:31 EDTGMDeath claims linked to GM ignition switches up to 84, WSJ reports
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12:58 EDTGMGM says it has resolved Bolt's technical challenges, Financial Times reports
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12:44 EDTGMFiat Chrysler interested in partnering with GM, Reuters says
Fiat Chrysler 9FCAU) CEO Sergio Marchionne is looking to make a "mega deal" before stepping down in early 2019 and has shown "particular interest" in partnering with GM(GM), according to Reuters. GM is strong in Asia, an area of weakness for Fiat Chrysler, while GM is looking to expand in Europe, the news service stated. Reference Link
07:16 EDTGMTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
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