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News Breaks | | | | October 21, 2012 | | 21:53 EDT |  | GM | GM looks to gain complete control of GM Korea, Reuters says
General Motors (GM) is said to want complete control of its South Korean unit by buying a 17% stake from the Korea Development Bank, says Reuters. The move by GM is renewing concerns that the automaker may be paving the way for restructuring, says Reuters. Reference Link | |
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News For GM From The Last 14 Days Check below for free stories on GM 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 | | | May 22, 2013 | | 12:17 EDT | | GM | GM to bring apps to some autos, Cnet reports
 Subscribe for More Information | | | 11:06 EDT |  | 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. | | | May 21, 2013 | | 07:32 EDT |  | GM | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 06:17 EDT | | GM | 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 | | GM | Imported car prices in China decline, Bloomberg reports
Subscribe for More Information | | | May 17, 2013 | | 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 | | | | 05:39 EDT | | GM | General Motors upgraded to Buy from Underperform at CLSA
Subscribe for More Information | | | May 16, 2013 | | 05:55 EDT | | 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 14, 2013 | | 13:38 EDT | | GM | Ford, GM get high marks in consumer survey, Automotive News says
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 | | 13:13 EDT | | GM | Western car makers losing ground in India, WSJ says
Subscribe for More Information | | | May 9, 2013 | | 06:09 EDT | | GM | China passenger vehicle sales rose 13% in April, Bloomberg reports
In China, passenger vehicle sales jumped 13% in April as demand rose for new models, reports Bloomberg. Wholesale deliveries of cars, multipurpose and SUVs increased to 1.44M units, according to the state-backed China Association of Automobile Manufacturers.Reference Link | | |
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