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Stock Market & Financial Investment News

News Breaks
October 31, 2012
07:00 EDTVLKAY, FIATY, GM, PEUGYFiat proposed merger with Peugeot, Opel, Bloomberg reports
Fiat (FIATY) CEO Sergio Marchionne is said to have approached Peugeot (PEUGY) and GM (GM) earlier this month about creating a pan-European combination, Bloomberg reports. Marchionne proposed that Peugeot commit to a combination between the two and GM's Opel unit in exchange for stock in the new company, a source says. Reference Link
News For FIATY;PEUGY;GM;VLKAY From The Last 14 Days
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June 19, 2013
13:30 EDTGMGeneral Motors ranks atop new vehicle survey, Automotive News says
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07:23 EDTGMGM to expand Cadillac retail network in China, Reuters reports
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June 18, 2013
14:17 EDTFIATYChrysler, NHTSA resolve recall request
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10:54 EDTPEUGY, FIATY, VLKAYEuropean auto sales decline to 20 year low, Reuters says
European car sales decreased in May to their lowest level for the month in 20 years, says Reuters. Data from the Association of European Carmakers showed Germany, France and Italy, suffered almost double-digit percentage declines in May, Reuters added. Reference Link
07:13 EDTPEUGY, GMEuropean car sales at 20 year low, Bloomberg reports
European car sales fell to a two decade low in May as rising joblessness caused by a recession in the euro region reduced demand at Peugeot (PEUGY), Renault and GM (GM), reports Bloomberg.Reference Link
06:01 EDTGM, PEUGYOn the Fly: Periodicals Wrap-Up
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June 17, 2013
14:05 EDTGMGM may benefit from lease expirations this year, Automotive News says
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11:10 EDTGMSierra Wireless is likely beneficiary General Motors vehicle connectivity, says Avondale
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08:06 EDTVLKAYQatar Holding sells 10% Porsche voting stake back to families, FT reports
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06:07 EDTGMStates push automakers to sell no-emission cars, Bloomberg reports
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June 15, 2013
16:05 EDTGMGeneral Motors recalling more than 193,652 SUVs on fire risk, AP says
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June 14, 2013
11:57 EDTVLKAYVolkswagen delivers 3.87M vehicles from January to May
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07:15 EDTFIATYFiat, Chrysler nears refinancing deal, Bloomberg reports
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06:08 EDTFIATYOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The strong Q1 corporate profits may not be as good as they look, according to an analysis by the Wall Street Journal that shows that the extension of a big tax credit quietly boosted the profits of dozens of companies...Many investors have lowered their expectations for future inflation, a shift that could get the attention of Fed officials as they consider the course of their bond-buying program at a policy meeting next week. The Fed has a 2% inflation goal and doesn't want consumer prices to veer too much above or below that number over time, the Wall Street Journal reports...REUTERS: Proxy advisory firm Institutional Shareholder Services urged Clearwire (CLWR) shareholders to vote against majority shareholder Sprint Nextel’s (S) $3.40 per share offer for Clearwire stock it does not already own, Reuters reports...U.S. investment firm Royalty Pharma said it expects the majority of takeover target Elan's (ELN) shareholders will reject the Irish firm's own proposed acquisition deals at a shareholder meeting on Monday, Reuters reports...BLOOMBERG: Boeing (BA), coming back from the 787 Dreamliner’s three-month grounding, is moving closer to a further production increase that would reward investors by freeing up billions of dollars for dividends and buybacks, Bloomberg reports...Fiat (FIATY) and Chrysler Group CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies, sources say, Bloomberg reports.
June 13, 2013
19:23 EDTFIATYChrysler to recall 1,200 heavy-duty trucks
Chrysler will recall approximately 1,200 heavy-duty pickup trucks to ensure their headlamps comply with regulations when in high-beam mode. An internal investigation by Chrysler engineers discovered some vehicles were assembled with headlamps whose high beams may not comply with standards governing aim and intensity. Chrysler is unaware of any associated accidents injuries or complaints. The recall is limited to certain 2013 Ram 2500 and 3500 models equipped with premium headlamps. Approximately 1,100 are in the U.S., 170 are in Canada and 15 are outside the NAFTA region.
08:03 EDTGMGM denies it will produce Chevrolet Cruze in Poland, Reuters reports
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June 12, 2013
12:21 EDTVLKAYVolkswagen sells convertible debt for expansion push, Bloomberg says
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10:14 EDTFIATYOn the Fly: Downgrade Summary
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10:14 EDTPEUGYOn the Fly: Upgrade Summary
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07:23 EDTGMElectric car makers cut prices to catch Toyota, Globe and Mail reports
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