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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 24, 2013 | | 06:31 EDT |  | GM | Chevrolet selling Cruze Clean Turbo Diesel in U.S., Detroit News says
 Subscribe for More Information | | | 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 |  | FIATY, F, 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 | | F, GM, FIATY | 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
Subscribe for More Information | | | 06:06 EDT | | FIATY | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. | | | 05:39 EDT | | GM | General Motors upgraded to Buy from Underperform at CLSA
Subscribe for More Information | | | May 16, 2013 | | 12:36 EDT | | F | Ford sued over alleged engine defects, Automotive News says
Three vehicle owners are suing Ford over alleged defects in the automaker's six-cylinder EcoBoost engine.according to Automotive News. The plaintiffs allege that the engine had defects that caused the vehicle to "shake, misfire and rapidly lose power," the website stated. Reference Link | | | 10:03 EDT | | F | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 08:16 EDT | | F | Ford upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Ford following checks that indicate European production has bottomed, which removes an overhang. The firm believes investors will focus on strong North American results and an improved balance sheet. Price target raised to $18 from $15. | | | 05:55 EDT | | FIATY, F, GM | Pickup truck sales are booming, WSJ reports
Pickup truck buyers are no longer on the sidelines as they return to dealer showrooms, offering millions of dollars in profit and potentially lifelong brand loyalty to Ford (F), GM (GM) or Chrysler Group (FIATY) and rivals, reports the Wall Street Journal. Sales of large pickups are up 20% for the first four months of this year compared with a year ago, bigger gains than in small cars or midsize cars, according to Autodata CorpReference Link | | | May 15, 2013 | | 06:57 EDT | | F | EU to investigate Spain grant to Ford, Reuters reports
Subscribe for More Information | | | 06:42 EDT | | F | Ford expands in Russia with new $247M engine plant, Detroit News says
Subscribe for More Information | | | May 14, 2013 | | 13:38 EDT | | F, GM | Ford, GM get high marks in consumer survey, Automotive News says
Subscribe for More Information | | | | 11:33 EDT | | F | Ford Sollers to build $274M engine plant in Tatarstan
Subscribe for More Information | | | 10:32 EDT | | GM | GM to source small cargo vehicle from Nissan for U.S., Canada markets
Subscribe for More Information | | | 07:00 EDT | | GM | GM to spend $258M on new proving ground data center, Detroit News says
Subscribe for More Information | | | 06:12 EDT | | GM | Audi sales growth surges in China, Bloomberg reports
Subscribe for More Information | | | May 13, 2013 | | 06:54 EDT | | GM | NHTSA opens preliminary investigation into over 100K Corvettes, Detroit News says
A reports from early Saturday morning explained that the National Highway Traffic Safety Administration, or NHTSA, has opened a preliminary investigation regarding faulty headlights on about 103K 2005-2007 Chevrolet Corvettes, reports Detroit News. Reference Link | | | 06:40 EDT | | GM | General Motors invests $200M to update NY, NJ, CA dealerships, Detroit News says
Subscribe for More Information | | | May 11, 2013 | | 14:09 EDT | | FIATY | Chrysler recalling 469,00 vehicls on gear shift glitch, Reuters says
Subscribe for More Information | | | 13:13 EDT | | F, GM | Western car makers losing ground in India, WSJ says
Subscribe for More Information | | | May 10, 2013 | | 05:47 EDT | | FIATY | Jeep struggles to gain traction in China, WSJ reports
Chrysler's (FIATY) Jeep, which was one of the first Western auto brands to sell in China, is struggling to reestablish production in their automotive market, reports the Wall Street Journal. Last year, just 46,000 Jeep vehicles were sold in China, a small share of a market of about 19M cars and light trucks. All of the Jeeps were imported from the U.S., their prices inflated by import duties. Reference Link | |
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