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Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:27 EDTFIATY, GMFiat CEO says GM was safety example to automakers, Reuters says
Fiat Chrysler (FIATY) CEO Sergio Marchionne said the fallout from GM's (GM) delay in recalling millions of cars for ignition switch defects has made car manufacturers more sensitive regarding safety problems, according to Reuters, citing comments from Marchionne. Reference Link
News For FIATY;GM From The Last 14 Days
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August 13, 2014
10:02 EDTGMGeneral Motors invests $174M in new Lansing stamping facility
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06:24 EDTGMGM says antitrust regulator approached China division, Reuters says
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06:07 EDTGMOpel CFO expects to be profitable in Europe by mid-decade, Detroit News reports
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06:04 EDTGMGM workers returning to Warren tech center after flooding, Detroit News reports
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August 12, 2014
09:19 EDTGMGeneral Motors shares washed out, says Sterne Agee
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06:21 EDTGMGeneral Motors to streamline international business model, WSJ reports
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August 11, 2014
15:23 EDTGMJPMorgan to hold a conference
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06:38 EDTGMGM's ignition switch fund receives 63 death case claims, AP reports
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06:07 EDTGMGM's Lansing plant to halt Cadillac production temporarily, Detroit News reports
General Motors will halt Cadillac production at its Lansing Grand River Assembly Plant for three weeks, effective August 18, the Detroit News reports. According to sources, the halt is due to lower than expected demand for the cars. Reference Link
August 9, 2014
15:40 EDTGMGM loses attempt to dismiss revived ignition-death lawsuit, Bloomberg says
A Georgia judge rejected General Motors' attempt to dismiss a revived lawsuit over the death of woman that precipitated the recall of 2.59M cars over faulty ignition switches, says Bloomberg. Reference Link
August 8, 2014
14:09 EDTGMGeneral Motors announces 269K vehicle recall
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06:47 EDTGMGM aims to unveil new Volt hybrid in six months, Reuters says
GM said that it plans to showcase its newest model of its Chevrolet Volt hybrid electric vehicle in six months, reported Reuters. Company officials did not explain details on the pricing or driving range of the 2016 model, but said the car will be revealed at the North American International Auto Show. Reference Link
August 7, 2014
06:49 EDTFIATYMarchionne says no talks, but open to Canada investment proposal, Reuters says
Fiat (FIATY) Chrysler Group CEO Sergio Marchionne noted that the firm had not restarted discussions with Canadian officials regarding investments to help back an upgrade for the company's minivan facility in Windsor, but the car manufacturer would be open to hearing any offered pitch, according to Reuters, citing comments from Marchionne. Reference Link
06:43 EDTFIATYFiat CEO accuses 'overreaction' for sell-off shadowing deal, Reuters says
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06:33 EDTFIATYAnti-trust investigations in China reignite protectionism worries, Reuters says
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06:18 EDTGMGM issues recall for certain model year SAABs, Trailblazer EXTs, others
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August 6, 2014
13:50 EDTFIATYChina to punish Chrysler, Audi, Xinhua reports
China today announced that it would punish Fiat's (FIATY) Chrysler and Audi for "monopolistic practices," according to Xinhua. A government spokesman did not specify what the companies' punishments would be, the news service added. Reference Link
08:37 EDTGMGoldman Sachs to hold a field trip
Autos Field Trip travels to Detroit on August 6.
06:55 EDTFIATYReport says Nissan, Chrysler, GM cars 'most hackable,' Reuters says
Computer security researchers found in a report set to be unveiled later this week that the "most hackable" cars out of the 20 that were examined were Chrysler's 2014 Jeep Cherokee, Nissan (NSANY) 2014 Infiniti Q50 and GM's (GM) 2015 Cadillac Escalade, according to Reuters, citing comments from Chrysler Group spokesman Eric Mayne. Chrysler is a unit of Fiat (FIATY). Reference Link
06:48 EDTFIATYNDRC penalizes Chrysler, Audi for breaching anti-monopoly rule, Reuters says
The National Development and Reform Commission said that it discovered Fiat's (FIATY) Chrysler in Shanghai and Volkswagen's (VLKAY) Audi (AUDVF) in Hubei to be involved in monopolistic tendencies and said it will punish those car manufactures as well as close to 10 Japanese spare-part makers for breaching the country's anti-monopoly rule, reported Reuters. Reference Link
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