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Stock Market & Financial Investment News

News For GM;F;FIATY From The Last 14 Days
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October 1, 2014
16:23 EDTGM, FOn The Fly: Closing Wrap
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12:38 EDTFAppeals court rejects Ford's bid to recoup $450M in interest
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12:37 EDTGM, FOn The Fly: Midday Wrap
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11:26 EDTGMGeneral Motors President Ammann says has "onslaught" of new models coming
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11:12 EDTGMGeneral Motors says expects European division to be profitable in 2016
Says has enough parts to fix ignition switches in recalled small cars. Says GM's joint ventures in China are planning to invest $14B from 2014-2018 to open five new vehicle- manufacturing plants and support sales of just under 5M vehicles annually. Says some brands "do not command the price they should." President Dan Ammann says industry going through "period of very profound change." Sees automotive industry changing more in the next 10 years than previous 50. Says wants Chevrolet to become a top 10 global brand. Says making strong margins in luxury sales. Says China's car market is maturing. Says will be in financing business in China in 2015.
10:52 EDTGMGM CEO says targeting profit margins of 9%-10% by early next decade
CEO Mary Barry says the automaker is targeting profit margins of 9%-10% on EBIT-adjusted basis by early next decade. Comments made on GM's 2014 global business conference call.
10:36 EDTGMGeneral Motors outlines 'customer-focused strategic plan'
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10:32 EDTGMGeneral Motors reaffirms near-term financial targets
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10:30 EDTFFord says pullback in rental volumes is due competive pricing in that segment
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10:16 EDTFFord says pressure continues to mount on small cars
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10:05 EDTGMGM reports September U.S. sales up 19.4% to 223,437 vehicles
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09:56 EDTGMGeneral Motors reports September U.S. sales up 19.4%
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09:33 EDTFFord says sales tempered by managed F-Series volumes, rentals
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09:30 EDTFFord reports September U.S. sales down 2.7% to 180,175 vehicles
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08:12 EDTGMGeneral Motors to host business news update conference call
CEO Barra holds a two-part business news update conference call, with Part 2 being held on October 1 at 1:25 pm. Webcast Link
08:07 EDTGMGeneral Motors to host business news update conference call
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08:03 EDTFIATYChrysler ends September with 71 days supply of inventory
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08:02 EDTFIATYChrysler reports September U.S. sales up 19% to 169,890 units
Chrysler Group reported U.S. sales of 169,890 units, a 19% increase compared with sales in September 2013 and the groupís best September sales since 2005. ďContinued consumer demand for our new Chrysler 200 mid-size sedan, our Jeep models, and the Ram pickup truck helped Chrysler Group achieve a 19 percent sales increase in September and our 54th-consecutive month of year-over-year sales growth,Ē said Reid Bigland, Head of U.S. Sales.
06:10 EDTFFord of Canada to add over 1,000 new jobs at Oakville Assembly plant
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September 30, 2014
17:57 EDTFFord to invest aggressively in Asia, Nikkei reports
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13:17 EDTGMGM suspends operations at Russia plant for third time, WardsAuto says
General Motors has suspended operations at its plant in St. Petersburg, Russia, for the third time this year due to the country's continuous decline in auto sales, WardsAuto reports. Production was suspended Septermber 29, and is planned to resume October 3. The plant plans to suspend operations for a fourth time from October 10 to October 27, WardsAuto added. Reference Link
11:44 EDTGMOptions with increasing implied volatility
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10:20 EDTFFord continues to slide in wake of guidance, levels to watch
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10:02 EDTFOn The Fly: Analyst Downgrade Summary
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09:36 EDTFActive equity options trading on open
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08:25 EDTGMGeneral Motors weekly volatility elevated into CEO unveiling financial strategy
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08:02 EDTFFord price target lowered to $19 from $22 at UBS
UBS lowered its price target on Ford to $19 from $22 following the company's highly anticipated investor day. UBS cited the company's disappointing 2015 guidance, although the firm views it as conservative. UBS maintains its Buy rating on Ford.
07:41 EDTFFord downgraded to Hold from Buy at Craig-Hallum
Price target is $17.
07:18 EDTFFord price target lowered to $15.50 from $18 at Credit Suisse
Credit Suisse lowered Ford's price target to $15 and reduced estimates following the 2014 guidance update and initial 2015 outlook citing broad-based weakness for both. The firm remains cautious on shares and reiterates its Neutral rating.
06:49 EDTFIATYEC feels Fiat unit, Luxembourg tax deal might be state aid, Reuters says
A document published by the European Commission said that the agency told Luxembourg that it feels the country's tax agreement with a Fiat division could be state aid, according to Reuters, citing the commission. Reference Link
06:42 EDTFFord October weekly volatility elevated, lowers profit target for year
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06:37 EDTFFord exec says aiming to cut worldwide car platforms to 9 from 15, Reuters says
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06:18 EDTGMGM CEO to unveil strategy to deliver profit, quality goals, WSJ reports
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05:53 EDTFStocks with implied volatility movement; F MCP
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September 29, 2014
18:22 EDTFOn The Fly: After Hours Movers
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16:22 EDTFOn The Fly: Closing Wrap
Stocks on Wall Street opened sharply lower, as the volatility which was seen last week carried over. It was the sixth session in a row, and the eighth in the last ten, in which the Dow experienced a triple digit move. The early weakness was attributed to unrest in Hong Kong as pro-Democratic protesters forced the closing of 17 banks and many small businesses. The market was able to shrug off the early weakness and pared its losses, with the Nasdaq eventually crossing into positive territory for a brief time. The averages all ended the day in the red, but were much improved from the lows they hit right after the opening bell. ECONOMIC EVENTS: In the U.S., consumer spending increased 0.5% last month, which was a bit better than expected. Personal incomes increased 0.3% in August, which matched the consensus forecast of economists. The National Association of Realtors' pending home sales index fell 1.0% to 104.7 in August, which was worse than the expected drop of 0.5%. In Asia, Hong Kong's Hang Seng Index dropped nearly 2% as riot police advanced on protesters in the deepest unrest since China took back control of the colony two decades ago. In Europe's bond market, Italian and Spanish yields rose as Italy's Prime Minister Matteo Renzi faced rumors that he could be pressured to quit and leaders in Spain's Catalonia region called for a referendum to be held on independence. COMPANY NEWS: DreamWorks Animation (DWA) rallied $5.82, or 26.03%, to $28.18 after The Hollywood Reporter said yesterday that the company is in talks to be acquired by Japanese telecom company Softbank (SFTBF), the parent of U.S. wireless carrier Sprint (S). Softbank is negotiating to buy DreamWorks for $32 per share, or $3.4B, the report said, citing an unnamed source, though CNBC's David Faber and entertainment industry publication Variety were cautious about whether a deal will be consummated. Lionsgate (LGF), another movie maker recently linked to Softbank by The New York Post and to Vivendi (VIVHY) by Reuters, also rose $1.79, or 5.74%, to $32.99. MAJOR MOVERS: Among the notable gainers were a number of companies that agreed to be acquired. Ambit Biosciences (AMBI) surged $7.14, or 87.07%, to $15.34 after Daiichi Sankyo agreed to acquire all of its outstanding shares for $15 per share in cash plus one Contingent Value Right based on commercialization related milestones. Einstein Noah (BAGL) advanced $6.76, or 50.49%, to $20.15 after the bagel shop owner agreed to be acquired by JAB Holding Company for $20.25 per share in cash. Athlon Energy (ATHL) rose $11.59, or 24.8%, to $58.32 after striking a deal to be bought by Canadian energy giant Encana (ECA), which also gained 46c, or 2.18%, to $21.59 following the deal announcement. Among the noteworthy losers was Civeo Corporation (CVEO), which dropped $12.63, or 49.59% to $12.84 after the company decided against conversion to a real estate investment trust, or REIT, and said it will continue as C corporation and redomicile to Canada. Also lower were shares of Ford (F), which fell $1.22, or 7.47%, to $15.11 after the automaker said during its investor day presentation that it won't achieve its previously stated 2014 profit goal and now sees pre-tax profit of $6B for the fiscal year. INDEXES: The Dow slipped 41.93, or 0.25%, to 17,071.22, the Nasdaq fell 6.34, or 0.14%, to 4,505.85, and the S&P 500 dropped 5.05, or 0.25%, to 1,977.80.
16:09 EDTFFord sees 2014 pre-tax profit $6B, had seen $7B-$8B
16:06 EDTFFord says won't achieve 2014 profit goals, sees pre-tax profit of $6B
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15:55 EDTFFord credit sees $1.8B-$1.9B profit in 2014
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15:40 EDTFFord sees Asia Pacific 2014 pre-tax profit $700M, sees higher profit in FY15
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15:28 EDTFFord sees European pre-tax loss about $1.2B in 2014
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15:15 EDTFFord expects large South America pre-tax loss in 2015, but improved from 2014
Sees difficult macroeconomic conditions to continue in 2015. Sees South American industry volume about flat, or around 5M-5.5M units. Sees South American volume growth of 20%-30% by 2020. Sees 7M-7.5M units by 2020. Sees South American operating margins around 7%-9% by 2020.
15:10 EDTFFord sees South America pre-tax loss about $1B in 2014
Cites substantial industry volume reduction, weaker currencies and higher inflation. Sees four product launches in South America in 2015, four in 2014.
15:04 EDTFFord sees seven North America product launches in 2015
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14:57 EDTFFord sees North America FY14 operating margin at low end of 8%-9% range
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14:27 EDTFFord expects Lincoln global sales to triple by 2020
Sees Lincoln global sales reaching 300,000 units by 2020. Expects to invest heavily in the brand.
14:14 EDTFFord says global sales to increase 50% by 2020
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13:37 EDTFFord says plans in place to accelerate growth in China
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10:26 EDTGMReport says two more deaths connected to faulty GM switch, Reuters says
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08:02 EDTFFord investing over $25M to install LED lighting in manufacturing facilities
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07:15 EDTFNational Association of Business Economics to hold annual meeting
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07:04 EDTFFord October weekly volatility elevated into investor day
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September 28, 2014
15:25 EDTFIATYEU regulators near publishing view on Apple, Fiat tax deals, WSJ says
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September 26, 2014
15:46 EDTGM, FOptions expected to be active next week
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12:12 EDTGMGM says S&P upgrade to support expansion plans, Automotive News reports
S&P's upgrade of GM and its financing arm, GM Financial, will support GM's plans to expand GM Financial into new overseas markets, the company's CFO said, according to Automotive News. The expansion, in turn, will help the company sell more cars around the world and improve customer loyalty, the website quoted Stevens as saying. Reference Link
10:27 EDTFBrunswick names Foulkes CTO
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10:16 EDTFFord issues safety recall for 850K 2013-2014 vehicles
Ford is issuing a safety recall for approximately 850,000 2013-2014 Ford C-MAX, Fusion, Escape and Lincoln MKZ vehicles in North America for a potential issue with the restraints control module. "In the affected vehicles, the restraints control module may experience a short circuit. If a short circuit occurs, the airbag warning indicator will illuminate. Depending on the location of the short circuit, the deployable restraint systems (e.g., airbags, pretensioners, side curtains) may not function as intended in the event of a crash, increasing the risk of injury," Ford said.
08:46 EDTGMIsuzu and General Motors agree to jointly develop next-gen midsize pickup
Isuzu Motors and General Motors signed a formal agreement to jointly develop a next-generation midsize pickup. Isuzu and GM previously developed two generations of pickups that have been popular in more than 100 countries around the world due to their strong performance, fuel efficiency and durability. The next-generation midsize pickup is expected to be sold in several major markets around the world. It will not be sold in the U.S. or Canada. Reference Link
September 25, 2014
16:37 EDTGMGM trades higher by 0.61% after S&P revises outlook to Stable
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16:27 EDTGMS&P upgrades GM, GM Financial to 'BBB-', outlook stable
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13:30 EDTFIATYChrysler recalls over 349K vehicles due to ignition key defect
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12:42 EDTFIATY, F, GMFord executive sees 2015 U.S. auto sales between 16.8M-17.5M
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07:39 EDTGMGM initiates first cash proposals to switch victims, Reuters says
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06:52 EDTGM, FIATYGM Canada falls in auto production to Chrysler Canada, The Globe and Mail says
General Motors (GM) of Canada is set to lose its title as the largest producer of vehicles in Canada this year as it may shut down assembly plants in Oshawa Ontario, reports The Globe and Mail. Fiat's (FIATY) Chrysler Canada has raced ahead of GM in vehicle production and stands at about 18,000 vehicles ahead in output through the end of August, outpacing GM in July and August. Reference Link
05:22 EDTFFord exceeds UAW job commitment, announces Charter Communications order
Ford (F) has fulfilled its commitment to the UAW to create 12,000 U.S. hourly jobs by 2015, announcing 1,200 new jobs and a second shift at Kansas City Assembly Plant, where the all-new Ford Transit is built. Ford has already met its goal of creating 12,000 hourly jobs in the United States by 2015 as part of the 2011 UAW contract talks; total new job creation to date exceeds 14,000. Kansas City Assembly Plant adds 1,200 jobs to support growing demand for the all-new Ford Transit family of commercial vehicles; jobs are in addition to the 2,800 jobs added in 2012 and 2013. Transit posted its third consecutive month of U.S. sales growth in August, with nearly 1,100 sold; Transit recently posted its first large fleet order with Charter Communications (CHTR). The company ordered more than 800 low-roof, regular-wheelbase Transit vans to be used by its technicians across 29 states.
September 24, 2014
09:18 EDTFFord to host sales conference call
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07:57 EDTFIATYRyder selected by Chrysler Mexico
Ryder (R) announced it has been selected by Chrysler Mexico to manage a cross dock operation at the Port of Altamira, feeding parts from an overseas supplier to Chryslerís manufacturing assembly plant in Mexico. Ryder is responsible for receiving sea containers from two Italian consolidation centers, facilitating the customs process and transloading the shipments into trailers for delivery to the plant. Ryder will use its engineering knowledge to optimize the trailer loads, resulting in reduced transportation spend for Chrysler. Ryderís services are supported by an EDI technology that connects Ryder, Chrysler, and the supplier. This system enables Ryder to share information with customs brokers, transportation partners, and the Chrysler assembly plant, improving visibility and ensuring quality, timely delivery. Chrysler is owned by Fiat (FIATY).
07:43 EDTF, GMBarclays continues to favor General Motors over Ford
Despite significant underperformance year-to-date, Barclays continues to favor General Motors (GM) over Ford (F). The firm sees better upside for General Motors driven by North America margins, improvement opportunities in China and Europe, an attractive cash flow story, and a valuation less vulnerable to a market pullback. Barclays sees a positive Q4 trade in Ford investors get excited about the new F-150, China growth and a turnaround in Europe.
06:55 EDTGMGM names Massimilla cybersecurity chief, Reuters says
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06:46 EDTGMGM aiming for China sales to exceed 3M vehicles in 2014, Reuters says
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September 23, 2014
11:42 EDTGM 3D Systems rises after analyst reports 'unexpected' GM deal
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11:19 EDTGMGeneral Motors says Cadillac expands to become separate business unit
As part of the continued expansion of Cadillac, General Motors has announced a strategic realignment that will establish the flagship brand as a separate business unit. In addition, the new Cadillac organization will expand to New York with a new global headquarters opening in 2015. The realignment affirms Cadillacís importance to GMís strategy. Creating a new Cadillac business unit enables it to pursue growing opportunities in the luxury automotive market with more focus and clarity. Johan de Nysschen, who joined Cadillac as its new president in August, will be responsible for the brandís overall operational performance. The plan includes expansion to New York City in the form of a multipurpose brand and event space. Reference Link
11:03 EDTGM3D Systems landed $6M-$8M deal with GM, says Piper Jaffray
Piper Jaffray says that based on conversations with industry contacts, it believes 3D Systems (DDD) landed an unexpected deal with General Motors (GM) in Q3. Piper thinks the Bluebird deal could be in the range of $6M-$8M. The firm believes the deal was not in 3D's pipeline. It has a Neutral rating on the stock.
09:01 EDTGMGM aiming for New York Cadillac headquarters by 2Q15, Reuters says
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September 22, 2014
12:04 EDTFFord to host investor day
investor Day to be held in Dearborn, MI on September 29 at 1 pm. Webcast Link
11:15 EDTGMGM compensation fund approved two more fatalities, CNBC reports
General Motors' victim compensation fund has now approved 37 claims, including 21 fatalities, up from 31 claims and 19 fatalities last week, CNBC's Phil LeBeau reports via Twitter.
07:02 EDTF, GMJPMorgan prefers shares of GM and Ford to Tesla
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06:52 EDTF, GMCalifornia to add additional incentives for electric cars, NY Times says
California Governor Jerry Brown signed several bills that are supposed to make electric cars more affordable for low income residents of the state, according to The New York Times. The bills, among other things, will boost rebates that low income earners receive when buying an electric car, and install charging stations in apartment buildings in low income areas, the newspaper stated. GM (GM), Nissan (NSANY) Ford (F) and Tesla (TSLA) are among the companies that make electric cars. Reference Link
September 20, 2014
21:44 EDTGMGM recalls 221,558 Cadillac XTS and Chevrolet Impala sedans, WSJ says
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16:11 EDTFIATYChrysler Group voluntarily recalling 230,760 SUVs to install new relay circuit
Chrysler Group is voluntarily recalling an estimated 230,760 SUVs to install new a relay circuit that improves fuel-pump relay durability. A routine internal data review discovered a pattern of repairs involving fuel-pump relays in certain 2011 Jeep Grand Cherokee and Dodge Durango SUVs. Further investigation revealed some relays are susceptible to deformation, which may affect fuel-pump function. Such a condition may prevent a vehicle from starting or lead to engine stall. Chrysler Group is unaware of any accidents or injuries related to this condition. The fuel-pump relay is located inside the Totally Integrated Power Module, which also helps manage other vehicle functions. None of these other functions, including airbag deployment, is affected by the fuel-pump relay. The recall covers an estimated 188,723 vehicles in the U.S.; 15,898 in Canada; 7,126 in Mexico and 19,013 outside the NAFTA region. Chrysler Group will advise affected customers when they may schedule service, which will be performed at no cost.
September 19, 2014
14:50 EDTGMJudge orders General Motors must hand over defect files, WSJ reports
A U.S. Judge has ordered General Motors to turn over internal files and documents regarding its ignition-switch flaw and how it handled the defect to plaintiff attorneys, The Wall Street Journal says. The attorneys are representing plaintiffs who have sued the auto manufacturer alleging economic loss, personal injury, and deaths related to the company's recall of older cars with the ignition-switch defect. While General Motors is protected from liabilities that occurred before its bankruptcy in 2009, the recent ruling paves the way for plaintiff attorneys to obtain records they could use in cases before and after General Motor's bankruptcy petition, The Wall Street Journal added. Reference Link
12:42 EDTFFord recalls 2015 Lincoln MKCs due to windshield glass defect
Ford is recalling certain model year 2015 Lincoln MKC vehicles manufactured August 20, 2013, to June 6. The affected vehicles may have visible air bubbles in the windshield glass. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard No. 205, "Glazing Materials." Air bubbles in the windshield could impact the driver's visibility, increasing the risk of a crash. Ford will notify owners, and dealers will inspect the windshields for air bubbles, replacing them as necessary, free of charge. The recall began in August. Reference Link
12:13 EDTFIATYUnion says Fiat to temporarily halt production at Italy facility, Reuters says
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08:18 EDTFFord upcoming analyst day first in three years, says UBS
UBS previewed Ford ahead of its first analyst meeting in three years. The firm said they expect the company to give end of decade guidance, to update on global markets, to raise its global margins target, and to reiterate its capital deployment strategy. UBS has a Buy rating and $22 price target on Ford.
07:09 EDTGMGeneral Motors to launch new Cadillac sedan next year, AP reports
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06:31 EDTFFord reduces Cologne manufacturing as EU demand calms, Reuters says
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September 18, 2014
10:02 EDTGMGeneral Motors to recall 3,200 natural gas-fueled vans, WSJ reports
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08:58 EDTFIATYChrysler's Ram on track for more market share increases, NY Times says
The Ram truck unit of Fiat's (FIATY) Chrysler has seen its share of the full-size pickup market rise in the last five years, and its market share is on track to increase further, according to The New York Times. Reference Link
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