New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 5, 2014
11:12 EDTGMGeneral Motors advances after 20% sales gain in China
Shares of General Motors (GM) are climbing after the automaker reported that its sales in China had jumped 20% last month and two research firms issued optimistic notes about the company. WHAT'S NEW: GM said last night that sales of its automobiles in China had jumped 20% last month, versus the same period a year earlier. The gain was aided by a 32% increase in sales of the company's Wuling microvans. Meanwhile, Cadillac sales jumped 91% in the Asian country to a record 4,378 units, the company added. China is GM's single largest market. WHAT'S NOTABLE: In separate notes to investors earlier today, Goldman Sachs and RBC Capital were upbeat on GM's outlook. GM's main growth drivers continue to boost the company, wrote Goldman analyst Patrick Archambault after attending a dinner with the company's CFO. The automaker has opportunities to improve its showing in the North American truck market, while its Opel European unit is performing better than expected and China is "a steady contributor," he stated. The company's guidance is relatively conservative, added Archambault, who recommends buying the stock. Meanwhile, RBC Capital analyst Joseph Spak, who also viewed the presentation by the CFO, reported that the company believes that its two largest markets, China and the U.S., are improving. The company's free cash flow should rise significantly in coming years, predicted Spak, who kept a $48 price target and Outperform rating on the stock. PRICE ACTION: In late morning trading, GM climbed 99c, or 2.7%, to $37.92.
News For GM From The Last 14 Days
Check below for free stories on GM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent GM news | >>
September 17, 2014
07:37 EDTGMEU car registrations up 2.1% in August, up 5.6% in July
The European Automobile Manufacturers Association reported new passenger car registrations were up by 5.6% in July and by 2.1% in August. Eight months into the year, demand for new cars amounted to 8,336,159 units, or 6.0% more than in the same period last year, the group noted. Publicly traded automakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
07:26 EDTGMGM to cut supply, but not prices, as it seeks to revive Cadillac, WSJ says
Subscribe for More Information
September 16, 2014
13:09 EDTGMGeneral Motors to add third shift, 750 jobs at Wentzville Assembly plant
Subscribe for More Information
12:19 EDTGMGM ups U.S. mid-sized pickup production, Reuters says
Subscribe for More Information
08:46 EDTGMGeneral Motors concerns about Ford's new F-Series are overdone, says Goldman
Goldman believes concerns about Ford's new F-Series impact on General Motors is overdone. The analyst said investors are underestimating F-150 capacity constraints if the launch is successful, which will limit General Motors share loss.
07:26 EDTGMUltima Media to hold a conference
Subscribe for More Information
06:54 EDTGMGM's Opel realigns Russian operations
Subscribe for More Information
06:43 EDTGMNHTSA exec knocks GM for distorted recall protocol, Reuters says
The acting administrator of the National Highway Traffic Safety Administration David Friedman said that GM placed its own reputation before customer safety when it did not quickly report and recall vehicles that are now connected to at least 19 deaths, according to Reuters, citing comments from Friedman. Friedman said that he has been meeting with top worldwide car manufactures to develop a "new normal" for safety recall protocol. Reference Link
06:38 EDTGMGM Opel unit to reduce production in Russia, Reuters says
Subscribe for More Information
06:30 EDTGMNHTSA chief calls for 'new normal' for recalls, Detroit News reports
Subscribe for More Information
September 15, 2014
11:14 EDTGMGM faulty switch connected to 19 confirmed deaths, WSJ says
Subscribe for More Information
September 12, 2014
06:22 EDTGMGeneral Motors issues 'stop delivery' order for new Corvettes, WSJ reports
A "stop delivery" order on 2015 Chevrolet Corvettes has been ordered by General Motors, the Wall Street Journal reports. According to a spokesman, the automaker wants to fix two potential problems -- a parking brake issue and an air bag problem -- with the car before they leave the Bowling Green, KY plant or dealer lots. Reference Link
September 11, 2014
06:51 EDTGMGM to reveal 40 new vehicles in India, other countries, Reuters says
Subscribe for More Information
06:04 EDTGMGeneral Motors to roll out OnStar in Europe, Re/code reports
General Motors (GM) is planning to roll out its OnStar service beyond the U.S. and Canada to parts of Europe, Re/code reports. The service is powered by AT&T (T). Reference Link
September 10, 2014
09:17 EDTGMChina mulls easing car dealer restrictions, Bloomberg says
China's Ministry of Commerce is considering whether to ease rules on car dealers and allow them to sell vehicles from multiple brands in the same store, according to Bloomberg, citing people familiar with the matter. Note that both Bitauto (BITA) and Autohome (ATHM), which operate automobile buyer focused websites in China, were down significantly during yesterday's trading, though it is unclear if the reported new regulations play a role in their share weakness. Publicly traded carmakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
08:02 EDTGMGM calls Canadian dealer 'ambush' allegations overblown, Globe & Mail reports
Subscribe for More Information
September 9, 2014
10:57 EDTGMMobileye climbs after analyst says GM, Tesla using technology
Subscribe for More Information
09:16 EDTGMMobileye technology being used by GM, Tesla, says William Blair
William Blair believes both General Motors (GM) and Tesla (TSLA) are using Mobileye (MBLY) technology for their announced self-driving capabilities. The firm notes that over the past two days, GM and Tesla noted their intentions of offering vehicles with autonomous driving capability in the next 24-36 months. William Blair says the recent announcements confirm its bullish outlook on Mobileye's market opportunity. The firm has an Outperform rating on the stock. Shares of Mobileye are rallying 5%, or $2.61, to $55.62 in pre-market trading. Morgan Stanley also upped its price target this morning on the name to $65 from $46.
06:52 EDTGMGM JV in China recalls over 38K Cadillac sedans, Reuters says
Subscribe for More Information
06:09 EDTGMVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
Subscribe for More Information
1 | 2 | all recent GM news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use