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Stock Market & Financial Investment News

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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September 12, 2014
10:30 EDTFFord recalls Escapes, Focus Sts due to engine wiring defect
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09:41 EDTFFord recalls 74,000 hybrids to fix stalling problem, AP reports
Ford is recalling 74,000 older-model gas-electric hybrid SUVs in the U.S. and Canada to fix a staling problem that causes electronics to overheat, reports the Associated Press. The recall covers Ford Escapes from 2005 through 2008 and Mercury Mariners from 2006-2008. Reference Link
06:34 EDTFIATYFiat head stays with FY14 outlook, Reuters says
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06:22 EDTGMGeneral Motors issues 'stop delivery' order for new Corvettes, WSJ reports
A "stop delivery" order on 2015 Chevrolet Corvettes has been ordered by General Motors, the Wall Street Journal reports. According to a spokesman, the automaker wants to fix two potential problems -- a parking brake issue and an air bag problem -- with the car before they leave the Bowling Green, KY plant or dealer lots. Reference Link
September 11, 2014
13:35 EDTFFord's Lincoln to launch Navigator marketing push, Automotive News says
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07:05 EDTFIATYFiat head says not looking to include Ferrari in group, Reuters says
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06:54 EDTFIATYJeep head says firm poised to sell 1M cars in FY14, Reuters says
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06:51 EDTGMGM to reveal 40 new vehicles in India, other countries, Reuters says
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06:31 EDTFIATYVolkswagen JV, Chrysler unit fined in China for price-fixing, WSJ reports
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06:04 EDTGMGeneral Motors to roll out OnStar in Europe, Re/code reports
General Motors (GM) is planning to roll out its OnStar service beyond the U.S. and Canada to parts of Europe, Re/code reports. The service is powered by AT&T (T). Reference Link
September 10, 2014
14:58 EDTFIATYFiat's CEO to become Ferrari chairman
The CEO of Fiat (FIATY), will become the new chairman of Ferrari, replacing Luca Cordero di Montezemolo who is resigning as of October 13, Fiat announced earlier today.
09:17 EDTF, FIATY, GMChina mulls easing car dealer restrictions, Bloomberg says
China's Ministry of Commerce is considering whether to ease rules on car dealers and allow them to sell vehicles from multiple brands in the same store, according to Bloomberg, citing people familiar with the matter. Note that both Bitauto (BITA) and Autohome (ATHM), which operate automobile buyer focused websites in China, were down significantly during yesterday's trading, though it is unclear if the reported new regulations play a role in their share weakness. Publicly traded carmakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
08:02 EDTGMGM calls Canadian dealer 'ambush' allegations overblown, Globe & Mail reports
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06:28 EDTFIATYFiat says Ferrari Chairman Luca di Montezemolo resigns
Luca Cordero di Montezemolo is to quit as chairman of Ferrari after 23 years at the company. di Montezemolo says "Ferrari will have an important role to play within the FCA Group in the upcoming flotation on Wall Street. This will open up a new and different phase which I feel should be spearheaded by the CEO of the Group." Thefly notes that Fiat CEO Sergio Marchionne recently said Ferrari's current performance in Formula 1 is "unacceptable."
September 9, 2014
10:57 EDTGMMobileye climbs after analyst says GM, Tesla using technology
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09:16 EDTGMMobileye technology being used by GM, Tesla, says William Blair
William Blair believes both General Motors (GM) and Tesla (TSLA) are using Mobileye (MBLY) technology for their announced self-driving capabilities. The firm notes that over the past two days, GM and Tesla noted their intentions of offering vehicles with autonomous driving capability in the next 24-36 months. William Blair says the recent announcements confirm its bullish outlook on Mobileye's market opportunity. The firm has an Outperform rating on the stock. Shares of Mobileye are rallying 5%, or $2.61, to $55.62 in pre-market trading. Morgan Stanley also upped its price target this morning on the name to $65 from $46.
07:17 EDTFThe Wireless Association to hold a conference
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06:52 EDTGMGM JV in China recalls over 38K Cadillac sedans, Reuters says
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06:09 EDTGM, FIATY, FVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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06:06 EDTFIATYChrysler slashes price of Dodge Viper by $15,000, Detroit News reports
Chrysler has cut the price of its Dodge Viper by $15,000, the Detroit News reports. The slow-selling sports car now costs $84,995, priced comparably to the first-generation Viper. Reference Link
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