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Stock Market & Financial Investment News

News Breaks
April 9, 2014
06:00 EDTGMGeneral Motors workers in Kentucky vote to allow strike, AP reports
GM's auto workers at its Bowling Green, Kentucky plant have voted to authorize a strike over safety concerns, the Associated Press reports. More than 90% of the eligible union workers voted to call a strike if necessary. Reference Link
News For GM From The Last 14 Days
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December 19, 2014
16:45 EDTGMGeneral Motors, Hertz in pact for purchase of GM vehicles
On December 15, The Hertz Corporation (HTZ) and General Motors (GM) entered into an agreement relating to Hertz’s purchase of GM vehicles for the 2015 vehicle model year. The agreement also sets forth the terms and conditions related to GM’s repurchase of a portion of the vehicles purchased by Hertz under the agreement.
15:11 EDTGMGM considering options if Takata recall expands, Reuters reports
General Motors (GM) is developing back-up plans on the chance that Takata's (TKTDY) air bag recall expands, according to Reuters. General Motors has asked Takata to share air bag specifications with rivals TRW (TRW) and Autoliv (ALV), so that replacements can be readily available, the company told Reuters. Reference Link
December 18, 2014
11:33 EDTGMStocks with call strike movement; GM EWZ
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08:23 EDTGMSeveral automakers halt Russia car sales due to ruble, Bloomberg reports
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December 16, 2014
09:59 EDTGMOn The Fly: Analyst Downgrade Summary
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07:30 EDTGMGeneral Motors retreats in pre-market after analyst downgrades shares
GM shares are falling in pre-market trading after RBC Capital downgraded the stock to Sector Perform from Outperform, citing weak auto trends in North America and overly optimistic targets by the company. WHAT'S NEW: In North America, GM will face slowing demand, negative pricing trends, and higher regulatory and content costs, RBC Capital analyst Joseph Spak wrote in a note to investors today. The company's target for 10% profit margins in North America appears to be optimistic, given competition from the major Japanese automakers, which are benefiting from yen weakness, the analyst stated. Similarly, GM's Cadillac sales targets also seem ambitious, as it faces competition from German competitors that are in a strong position in North America and have a foothold in China, according to Spak. The analyst reduced his price target on the stock to $35 from $41. PRICE ACTION: In early pre-market trading, GM fell nearly 1% to $30.75.
06:33 EDTGMGeneral Motors downgraded to Sector Perform from Outperform at RBC Capital
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December 15, 2014
13:16 EDTGMUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
11:30 EDTGMGeneral Motors management to meet with Sterne Agee
Meeting to be held in New York on December 19 hosted by Sterne Agee.
06:55 EDTGMTakata tightening restrictions on suppliers, Reuters reports
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December 11, 2014
07:49 EDTGMThe New York Times to hold a conference
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December 8, 2014
11:10 EDTGMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).

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