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Stock Market & Financial Investment News

News Breaks
February 26, 2014
06:15 EDTGMGeneral Motors expands ignition recall to nearly 1.4M vehicles in U.S.
General Motors is expanding the recall of certain 2003-2007 model year vehicles to correct a condition with the ignition switch that may allow the key to unintentionally move or switch to the "accessory" or "off" position, turning off the engine and most of the electrical components on the vehicle, the company announced yesterday afternoon. In addition to 2005-2007 Chevrolet Cobalts and Pontiac G5 and Pontiac Pursuit sold in Canada only, GM is separately recalling 2003-2007 Saturn Ions, 2006-2007 Chevrolet HHRs, and 2006-2007 Pontiac Solstice and Saturn Sky models, it stated. The affected U.S. vehicle population, including those vehicles recalled Feb. 13, totals 1,367,146, the company reported.
News For GM From The Last 14 Days
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July 23, 2015
07:47 EDTGMGeneral Motors reports Q2 worldwide market share of 11.1%
Reports Q2 North America market share of 17.1%, including 17.6% in the U.S. Reports Europe market share of 6.3%. Reports APMEA market share of 9.9%. Reports South America market share of 15%.
07:45 EDTGMGeneral Motors reports Q2 worldwide vehicles sales of 2.46M
General Motors reports Q2 North America vehicle sales of 965,000, including 822,000 in the U.S. Reports Q2 Europe vehicles sales of 319,000. Reports Q2 Asia/Pacific, Middle East and Africa vehicle sales of 1.02M. Reports Q2 South America vehicle sales of 156,000.
07:41 EDTGMGeneral Motors reaffirms 2015 outlook for improved EBIT-adjusted
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07:38 EDTGMGeneral Motors attributes lower Q2 revenue to negative currency impact
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07:36 EDTGMGeneral Motors CEO says first two quarters of year were strong
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07:36 EDTGMGeneral Motors reports Q2 adjusted EPS $1.29, consensus $1.08
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06:19 EDTGMUAW concerned over auto production moving to Mexico, NYT says
The greatest concern for the United Automobile Workers, or UAW, union as it enters discussions on new contracts with Detroit auto makers Fiat Chrysler (FCAU), Ford (F), and General Motors (GM) is losing vehicle production to lower-wage countries such as Mexico, the New York Times reports. Union president Dennis Williams was upset over comments last week that suggested that Ford was considering sending work to Mexico in an effort to cut costs, the report says. "I will save my comments on Ford for when we open up negotiations,” Mr. Williams said. “But it is always concerning to me when any company invests outside the United States.” Reference Link
July 22, 2015
15:26 EDTGMNotable companies reporting before tomorrow's open
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14:50 EDTGMGeneral Motors technical comments ahead of earnings
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13:24 EDTGMEarnings Preview: General Motors down approximately 20% since Q1 report
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08:20 EDTGMGeneral Motors July weekly volatility elevated into Q2 and outlook
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07:18 EDTGMAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
09:40 EDTGMJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
July 20, 2015
12:16 EDTGMHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
06:43 EDTGMGM's Opel to cut production at two German factories, Reuters reports
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July 16, 2015
13:52 EDTGMGM slips after Barclays downgrades auto sector on China downturnbw
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10:00 EDTGMOn The Fly: Analyst Downgrade Summary
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07:30 EDTGMGeneral Motors downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded the U.S. Autos and Auto Parts sector to Negative from Neutral and cut its rating on General Motors (GM) to Equal Weight from Overweight. The firm sees further sector underperformance as China car sales continue to disappoint and Chinese production goes negative against a peak in the U.S. auto industry and a slow recovery in Europe. The firm sees few near-term catalysts for General Motors given is larger exposure to China and little that will change its perception by investors as a "value trap." Barclays lowered General Motors' price target to $36 from $44.
July 15, 2015
14:35 EDTGMGeneral Motors recalls Sparks, Sonics over radio software issue
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06:14 EDTGMFiat Chrysler CEO has no plans for another GM offer, NYT reports
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