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News Breaks | | | | September 11, 2012 | | 06:11 EDT |  | GM, FIATY, F | CAW: No progress has been made in talks with automakers, Detroit News reports
The Canadian Auto Workers union says it has not made progress with GM (GM), Ford (F) and Chrysler (FIATY) with only a week until the collective agreement expires, the Detroit News reports. The union says all three companies are calling for dramatic changes to the contract, and sources say the automakers started ramping up production to boost inventories last week ahead of a potential strike. Reference Link | |
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News For GM;F;FIATY From The Last 14 Days Check below for free stories on GM;F;FIATY the last two weeks. |
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| May 23, 2013 | | 13:16 EDT | | GM | GM to sell electric vehicle for less than $20,000, Automotive News says
GM (GM) will sell its Chevrolet Spark, a small electric vehicle, for less than $20,000 after a $7,500 federal tax credit is applied, according to Automotive News. The company will sell the vehicle in some markets in California and Oregon by the middle of next month, the website quoted the company as saying. Reference Link | | | 08:53 EDT |  | F | Pacer to benefit from improving auto industry, says BB&T
After U.S. automakers Ford (F) and Chrysler indicated that they would curtail their summer production breaks, BB&T expects Pacer (PACR) to benefit from a rebounding auto sector, as about 40% of its revenue comes from the sector, according to the firm. BB&T keeps a Buy rating on the stock. | | | May 22, 2013 | | 19:49 EDT | | F | Ford to close factory, plant in Australia, News Limited reports
 Subscribe for More Information | | | 12:17 EDT | | GM | GM to bring apps to some autos, Cnet reports
Subscribe for More Information | | | 11:06 EDT |  | F, FIATY, GM | Auto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80. | | | 07:46 EDT | | F | Ford shares could rise 50% over next two years, Barron's says
Subscribe for More Information | | | 05:36 EDT | | F | Ford raises N American capacity by 200K units, reduces summer shutdown, adds jobs
Subscribe for More Information | | | May 21, 2013 | | 16:04 EDT |  | F | Options Update; May 21, 2013
Subscribe for More Information | | | 09:33 EDT |  | F | Bloomberg LINK to host a summit
Subscribe for More Information | | | 07:32 EDT | | GM | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | | 06:17 EDT | | GM, FIATY, F | Detroit automakers rebound as style sells, Bloomberg reports
Subscribe for More Information | | | May 20, 2013 | | 15:11 EDT | | GM | GM marketing push set for new pickups, Reuters says
Subscribe for More Information | | | 08:59 EDT | | GM | General Motors price target raised to $43 from $34 at Argus
Subscribe for More Information | | | 06:01 EDT | | F, GM | Imported car prices in China decline, Bloomberg reports
Subscribe for More Information | | | 05:35 EDT | | F | Ford Fusion Energi earns top vehicle safety rating from NHTSA
Subscribe for More Information | | | May 17, 2013 | | 16:00 EDT | | F | Options Update; May 17, 2013
Subscribe for More Information | | | 10:17 EDT | | GM | GM jumps above IPO level after CLSA boosts rating
Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today. | | | 10:07 EDT |  | GM | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:39 EDT | | FIATY | EU 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 EDT | | FIATY | Fiat's potential headquarters move to U.S. concerns Italy, Bloomberg reports
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