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Stock Market & Financial Investment News

News Breaks
January 22, 2014
05:42 EDTGMGM's Cadillac faced with significant number of unsold cars, WSJ reports
While GM's Cadillac is taking on its German rivals, the unit is faced with a large backlog of unsold vehicles, reports the Wall Street Journal. There are about 92 days of unsold ATS sedans on the ground, mixed in with 118 days' worth of unsold CTS sedans.Reference Link
News For GM From The Last 14 Days
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May 22, 2015
18:01 EDTGMGeneral Motors stock is significantly undervalued, Barron's reports
General Motors’ stock trades at 7.5 times forward earnings, and is about 55% cheaper than the broad market, making it significantly undervalued, Barron's reports. Reference Link
May 21, 2015
15:48 EDTGMU.S DOT extends federal oversight of General Motors
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12:47 EDTGMGabelli says 'just started buying' General Motors in last 60 days
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May 20, 2015
06:00 EDTGMTakata to widen airbag recall to nearly 34M, enters Consent Order
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May 19, 2015
14:31 EDTGMCovisint expands strategic relationship with Cisco, General Motors
Covisint (COVS) announced that it has reached a definitive agreement with Cisco (CSCO) to use the Covisint platform to power General Motors (GM) OnStar and SupplyPower through 2020. Under the terms of this five-year, non-cancelable contract, GM will materially increase their use of the Covisint platform to support growth in these solutions. This economically favorable transaction is a major milestone in the strategic partnership with Cisco, and a win for General Motors, Cisco and Covisint.
13:20 EDTGMTakata expected to recall 33.8M vehicles, Detroit News reports
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07:36 EDTGMAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
07:08 EDTGMGeneral Motors sees maintaining profitability goals in China, WSJ reports
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May 18, 2015
09:54 EDTGMNHTSA looks to accelerate V2V rollout by automakers, Motor Authority says
Automakers have been notified that initial proposals for the implementation of vehicle-to-vehicle technology will be outlined by before January 1, 2016, which would be a full year ahead of schedule, according to Motor Authority. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Mobileye (MBLY) makes chips utilized in advanced driver assistance systems. Reference Link
06:26 EDTGMStudy shows Toyota and Honda leads in best supplier relations, Reuters says
A new study revealed that Toyota (TM) and Honda (HMC) led automakers with U.S. plants in supplier relations, reports Reuters. According to the study led by Planning Perspectives President John Henke, Toyota led Honda while Ford (F) was a distant third and Nissan (NSANY) came in fourth. General Motors (GM) and Fiat Chrysler (FCAU) were last on the list. Reference Link
May 15, 2015
16:51 EDTGMGreenlight Capital gives quarterly update on stakes
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16:28 EDTGMAppaloosa Management gives quarterly update on stakes
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May 14, 2015
11:43 EDTGMU.S. appeals court dismisses UAW retiree benefit suit, Reuters reports
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09:03 EDTGMGeneral Motors to invest $1B in Warren Technical Center campus
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May 13, 2015
08:11 EDTGMGeneral Motors and Toyota implement Microchip's infotainment networking devices
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May 12, 2015
19:31 EDTGMGM recalls 522,000 Malibu, Colorado, Canyon models, Auto News says
General Motors is recalling roughly 53,000 2015 Chevrolet Colorado and GMC Canyon pickup trucks due to faulty seat frame hooks, as well as 469,000 2011-2012 Chevrolet Malibus with weak seat belt cables, reports Automotive News, citing an emailed statement from the company. GM said it is aware of 36 claims and one minor injury related to the Malibu seat belt defect, though no accidents or fatalities have been reported. Reference Link
17:10 EDTGMGeneral Motors halts Brazilian factory over shipping troubles, Reuters says
GM has halted production at a factory in southern Brazil after transportation firms Tegma and Transzero stopped shipping cars from the plant, reports Reuters, citing company statements. Reference Link
May 11, 2015
10:44 EDTGMGM ignition fund approves claims for 100 deaths, Detroit News says
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