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Stock Market & Financial Investment News

News Breaks
August 18, 2014
13:01 EDTF, GMFord, Chevrolet launching incentives earlier than usual, Autmotive News says
Ford (F) and GM's (GM) Chevrolet are launching late summer incentives earlier than usual this year, according to Automotive News. The two brands are offering 0% financing for 72 months on many of their vehicles, with Chevrolet adding 90 days of payment deferrals, the website stated. Reference Link
News For F;GM From The Last 14 Days
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July 22, 2015
07:18 EDTGM, FAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
11:05 EDTFAfter Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi
After Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi The shares of Harman (HAR) and Delphi Automotive (DLPH) are rising after Wells Fargo predicted that the companies would benefit from the increasing need to protect cars from cybersecurity attacks after Wired reported on hackers discovering methods that can be used to take control of vehicles. BACKGROUND: Two computer hacking researchers showed that they could seize control of a Jeep Cherokee, made by Fiat Chrysler (FCAU), using a technique called a zero-day exploit, Wired reported today. Using the same technique, the hackers can control "any of thousands of vehicles," the website reported. In the past, they have demonstrated how they were able to take control of a Ford (F) Escape and Toyota (TM) Prius, according to Wired. The hackers' technique involves taking control of vehicles' entertainment systems and sending commands to the vehicles' dashboard functions, steering, brakes, and transmission through their those systems, the website stated. ANALYST REACTION: In a note to investors today, Wells Fargo analyst David Lim responded to Wired's article by saying that cybersecurity has become a significant concern for automakers. Automotive technology suppliers such as Harman (HAR) and Delphi (DLPH) should benefit from auto makers' efforts to protect their vehicles from cyberattacks, Kwas believes. He reiterated Outperform ratings on Harman and Delphi. PRICE ACTION: In morning trading, Harman climbed about 2% to $108 and Delphi rose fractionally to $78.15. This version of the story replaces an earlier one to correct the lead analyst to David Lim.
09:40 EDTF, GMJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
06:13 EDTFFord to launch luxury pickup truck, Reuters reports
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July 20, 2015
12:16 EDTF, GMHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
06:43 EDTGMGM's Opel to cut production at two German factories, Reuters reports
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July 16, 2015
16:00 EDTFOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
13:52 EDTGM, FGM slips after Barclays downgrades auto sector on China downturnbw
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10:00 EDTGMOn The Fly: Analyst Downgrade Summary
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07:34 EDTFEuropean June car sales grow on expanded economy, Bloomberg says
European car sales growth accelerated to its fastest pace in five and a half years in June as Volkswagen (VLKAY), PSA Peugeot Citroen (PUGOY), and Ford (F) brought in new customers with newer models and an expanding economy, Bloomberg reports. Registrations rose 15% to 1.41M vehicles from 1.23M last year, the report says, citing data from the European Automobile Manufacturers' Association, or ACEA. Reference Link
07:30 EDTGMGeneral Motors downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded the U.S. Autos and Auto Parts sector to Negative from Neutral and cut its rating on General Motors (GM) to Equal Weight from Overweight. The firm sees further sector underperformance as China car sales continue to disappoint and Chinese production goes negative against a peak in the U.S. auto industry and a slow recovery in Europe. The firm sees few near-term catalysts for General Motors given is larger exposure to China and little that will change its perception by investors as a "value trap." Barclays lowered General Motors' price target to $36 from $44.
July 15, 2015
14:35 EDTGMGeneral Motors recalls Sparks, Sonics over radio software issue
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13:29 EDTFFord temporarily stops Edge sales to fix malfunction, AP reports
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06:14 EDTGMFiat Chrysler CEO has no plans for another GM offer, NYT reports
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July 14, 2015
16:05 EDTGMGM announces $1.4B plant investment related to SUV production
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July 13, 2015
14:43 EDTGMGM to invest over $1B in Texas SUV plant expansion, AP reports
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11:23 EDTGMGeneral Motors ignition switch death claims rise to 124, AP reports
The death toll from faulty ignition switches in General Motors vehicles rose to 124, reports the Associated Press. An additional 266 who were injured in crashes caused by the switches in the Chevrolet Cobalt and other older cars will also be compensated. Reference Link
06:48 EDTGMGeneral Motors recalls 155,000 vehicles in India, Reuters reports
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06:46 EDTGMFiat sees other possible merger partners than GM, WSJ reports
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06:20 EDTF, GMUnion eyes tiered pay changes with auto makers, WSJ reports
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