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Stock Market & Financial Investment News

News Breaks
June 12, 2014
14:09 EDTFFord lowers fuel economy ratings for six vehicles
Ford announced it is lowering the fuel economy ratings for its 2013- and 2014-model year hybrid and plug-in hybrid vehicles, as well as most 2014-model year Fiestas.Ford identified an error with fuel economy ratings on certain vehicles through its internal testing and notified EPA. The company worked with EPA as the agency retested the vehicles to determine the correct fuel economy ratings. “Ford is absolutely committed to delivering top fuel economy and accurate information,” said Alan Mulally, Ford president and CEO. “We apologize to our customers and will provide goodwill payments to affected owners. We also are taking steps to improve our processes and prevent issues like this from happening again.” Ford reviewed its entire line up to determine the vehicles that required further testing and revised the fuel economy ratings for the affected vehicles. No other label adjustments are planned. “This is our error. When we see an issue, we address it,” said Raj Nair, Ford group vice president, Global Product Development. “That is why we notified EPA and lowered the fuel economy ratings for these vehicles.”
News For F From The Last 14 Days
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December 28, 2014
15:21 EDTFGermany plans more charging stations to spur vehicle demand, Reuters says
Germany plans to increase the number of charging stations for electric vehicles across the country to spur demand, says Reuters, citing a German Transport Ministry paper. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY) and Tesla (TSLA). Reference Link
December 19, 2014
08:54 EDTFFord earnings momentum should accelerate in 2015, says Sterne Agee
Sterne Agee expects Ford to benefit from strong sales of its new F-150 and increased North America industry sales over the next two years. The firm keeps a Buy rating on the shares.
December 18, 2014
09:05 EDTFFord adds 447K vehicles to Takata airbag safety recall
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December 17, 2014
06:27 EDTFFord cuts cost of 2015 F-150 by recycling, WSJ reports
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December 16, 2014
06:19 EDTFFord names Paul Bellew as chief data and analytics officer
Ford yesterday appointed data science and analytics expert Paul Ballew as executive director and chief data and analytics officer, further building its team of experts to help better understand consumer behavior and help speed development of the mobility, connectivity and autonomous driving innovations that will improve people’s lives. Ford is accelerating its investment and research into data science and analytics as the foundation of its focus on innovation. The goal is to better anticipate customers’ wants and needs as Ford implements its Blueprint for Mobility and its One Ford plan for profitable growth. In the new role, Ballew will lead the company’s data and analytic efforts globally, establishing an enterprise-wide vision for analytics and integrating all of Ford’s research, analytics, processes, standards, tools and partner engagement. He will report to Bob Shanks, executive vice president and chief financial officer. The appointment is effective January 5, 2015. Ballew most recently was global chief data, insights and analytics officer at Dun and Bradstreet.
December 15, 2014
13:16 EDTFUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
10:00 EDTFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
06:55 EDTFTakata tightening restrictions on suppliers, Reuters reports
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06:53 EDTFFord downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank cut its rating on Ford Motor shares to Hold with the stock near its price target of $16. Deutsche says it is more cautious about investing in U.S. auto names with the market entering its sixth year of recovery. Shares of the car maker closed Friday down 29c to $14.99.

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