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Stock Market & Financial Investment News

News Breaks
January 3, 2013
06:07 EDTGMGeneral Motors says sells 1M 30 MPG-plus vehicles in 2012
General Motors says it is the first U.S. automaker to sell more than 1 million vehicles in its home market in a single year that get an EPA-estimated 30 mpg or better on the highway test cycle. “Our investments in advanced powertrains are clearly paying off, and our smaller vehicles are resonating with customers,” said Mark Reuss, president of GM North America. “In 2013, we'll introduce new diesel, eAssist and plug-in vehicles in the United States and expand the availability of turbocharged four-cylinder engines. Thirteen GM vehicles have at least one high-volume model that achieves 30 mpg highway or more. Reference Link
News For GM From The Last 14 Days
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October 16, 2014
06:34 EDTGMChina to punish automakers that miss fuel standards, Reuters reports
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October 15, 2014
13:27 EDTGMGM faces $10B suit due to recalls, Bloomberg says
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10:16 EDTGMGeneral Motors reports Q3 worldwide sales up 2% to 2.45M units
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October 14, 2014
10:01 EDTGMOn The Fly: Analyst Downgrade Summary
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06:20 EDTGMGeneral Motors downgraded to Buy from Conviction Buy at Goldman
Goldman removed General Motors from the Conviction Buy List and lowered estimates to to cuts in North American and European production and a difficult pricing environment. The firm maintains its Buy rating and views risk/reward as favorable and expects reasonably strong comps over then next two quarters. Price target lowered to $47 from $48.
October 13, 2014
12:10 EDTGMGM lawyer says 27 people eligible for ignition switch compensation, AP reports
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06:44 EDTGMRegulators seeking banks' auto loan data, Reuters reports
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October 12, 2014
17:21 EDTGMTesla ahead of other car makers on semiautonomous driving system, WSJ says
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October 10, 2014
06:12 EDTGMGeneral Motors reports September China sales up 15.2% to 319,936
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October 9, 2014
09:17 EDTGMOmix Ada recalls floor mats used in Chevrolet, GMC trucks, SUVs
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October 7, 2014
12:56 EDTGMGM recalls Chevrolet Caprices due to transmission selector lever defect
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12:26 EDTGMGeneral Motors trades sharply lower, nearing 52-week low
The stock has been trading down since the open, last at $32.18 and just above the 52-week low at $31.67. If the shares break down through the 52-week low, next support would be at $30.50. Resistance is at $32.87.
11:25 EDTGMStocks with call strike movement; SLV GM
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08:29 EDTGMGeneral Motors recalls 290,241 Cadillac SRX, SAAB 9-4X vehicles
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08:28 EDTGMGeneral Motors recalls 10,005 Cadillac CTS-V, STS-V vehicles
General Motors is recalling 10,005 model year 2004-2007 Cadillac CTS-V vehicles manufactured October 6, 2003, to March 15, 2007, and 2006-2007 Cadillac STS-V vehicles manufactured June 23, 2005, to March 15, 2007. In the affected vehicles, the electrical terminals of the fuel pump module may overheat resulting in the melting of the flange material. If the flange melts, a hole may be created allowing the fuel pump to leak fuel, causing the vehicle to stall, increasing the risk of a vehicle crash. Additionally, leaking fuel in the presence of an ignition source increases the risk of a fire.
08:26 EDTGMGM recalls 46,873 vehicles from 2008-2013, including Chevrolet Caprice
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08:10 EDTGMGeneral Motors estimates lowered, price target to $27 at Morgan Stanley
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06:43 EDTGMGM using Facebook, calls to reach out and get recalled cars fixed, AP reports
General Motors (GM) is using Facebook (FB) messages and phone calls to reach out to vehicle owners who have yet to bring in their cars the company has recalled, reports the Associated Press. CEO Mary Barra has also sent a personal letter urging people to get the switches replaced. Reference Link
October 6, 2014
16:44 EDTGMMoody's downgrades General Motors credit facility to Baa3; Outlook stable
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09:51 EDTGMGeneral Motors recalls Chevrolet Sparks due to hood latch defect
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