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Stock Market & Financial Investment News

News Breaks
January 9, 2013
06:56 EDTFIATY, FNTSB ends probe into Jeep, Ford, Mercury vehicles, Detroit News says
The National Transportation Safety Administration, or NTSB, ended probes in Jeep (FIATY) Grand Cheroke, Ford (F) Freestar, and Mercury Monterey without issuing recalls. The NTSB stated that the issues to the vehicles do not pose serious concerns to safety, reports the Detroit News. Reference Link
News For FIATY;F From The Last 14 Days
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May 17, 2013
16:00 EDTFOptions Update; May 17, 2013
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07:39 EDTFIATYEU auto sales move into posiitve teritory, FT reports
Auto sales in the European Union in April ended an 18-month losing streak, as hopes are raised that the market’s decline in the continent had finally begun to slow, reports the Financial Times. New registrations in the EU were up 1.7% compared with the same month a year ago, helped by gains in the German and U.K. markets, Europe’s largest by sales.Reference Link
07:11 EDTFIATYFiat's potential headquarters move to U.S. concerns Italy, Bloomberg reports
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06:06 EDTFIATYOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports.
May 16, 2013
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.
05:55 EDTFIATY, FPickup truck sales are booming, WSJ reports
Pickup truck buyers are no longer on the sidelines as they return to dealer showrooms, offering millions of dollars in profit and potentially lifelong brand loyalty to Ford (F), GM (GM) or Chrysler Group (FIATY) and rivals, reports the Wall Street Journal. Sales of large pickups are up 20% for the first four months of this year compared with a year ago, bigger gains than in small cars or midsize cars, according to Autodata CorpReference Link
May 15, 2013
06:57 EDTFEU to investigate Spain grant to Ford, Reuters reports
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06:42 EDTFFord expands in Russia with new $247M engine plant, Detroit News says
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May 14, 2013
13:38 EDTFFord, GM get high marks in consumer survey, Automotive News says
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11:33 EDTFFord Sollers to build $274M engine plant in Tatarstan
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May 11, 2013
14:09 EDTFIATYChrysler recalling 469,00 vehicls on gear shift glitch, Reuters says
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13:13 EDTFWestern car makers losing ground in India, WSJ says
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May 10, 2013
05:47 EDTFIATYJeep struggles to gain traction in China, WSJ reports
Chrysler's (FIATY) Jeep, which was one of the first Western auto brands to sell in China, is struggling to reestablish production in their automotive market, reports the Wall Street Journal. Last year, just 46,000 Jeep vehicles were sold in China, a small share of a market of about 19M cars and light trucks. All of the Jeeps were imported from the U.S., their prices inflated by import duties. Reference Link
May 9, 2013
09:12 EDTFAeroVironment selected by Ford to provide home charging solution for EVs
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06:09 EDTFChina passenger vehicle sales rose 13% in April, Bloomberg reports
In China, passenger vehicle sales jumped 13% in April as demand rose for new models, reports Bloomberg. Wholesale deliveries of cars, multipurpose and SUVs increased to 1.44M units, according to the state-backed China Association of Automobile Manufacturers.Reference Link
05:59 EDTFGM: Most Silverado truck sales this year will be older model, Bloombeg reports
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May 8, 2013
09:37 EDTFActive equity option families trading on open
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May 7, 2013
09:33 EDTFNHTSA monitoring 100,000 Ford, Mercury minivans for signs of rust, AP reports
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