New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 15, 2014
08:35 EDTGMGM announces five safety recalls covering 2.7M vehicles
General Motors announced it has informed the National Highway Traffic Safety Administration of five safety recalls covering about 2.7M vehicles in the United States. The recalls cover about 2.44M previous generation passenger cars for taillamp malfunctions, about 103K previous generation Chevrolet Corvettes for loss of low-beam head lamps, about 140K Chevrolet Malibus from the 2014 model year for hydraulic brake booster malfunctions, about 19K Cadillac CTS 2013-2014 models for windshield wiper failures, and 477 full-size trucks from the 2014 and 2015 model years for a tie-rod defect that can lead to a crash. The largest recall involves 2004-2012 Chevrolet Malibu, 2004-2007 Chevrolet Malibu Maxx, 2005-2010 Pontiac G6 and 2007-2010 Saturn Auras model cars in U.S. to modify the brake lamp wiring harness. GM is aware of several hundred complaints, 13 crashes and two injuries but no fatalities as a result of the condition. The company issued a technical service bulletin in 2008 and conducted a safety campaign for a small population of 2005 model year vehicles in January 2009. GM expects to take a charge of up to approximately $200M in the second quarter, primarily for the cost of recall-related repairs announced in the quarter.
News For GM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 20, 2014
14:47 EDTGMMobileye sinks despite better than expected revenue, outlook
Subscribe for More Information
09:10 EDTGMGeneral Motors sued by Arizona over recalls, NY Times says
Subscribe for More Information
07:57 EDTGMIIHS crash tests results for minivans 'one of the worst', CNBC says
Subscribe for More Information
November 19, 2014
06:51 EDTGMRegulators push automakers for wider airbag recall, NY Times says
The National Highway Traffic Safety Administration urged automakers to recall all U.S. vehicles with airbags made by Takata, according to The New York Times. The recall of of vehicles with the airbags has been limited to two states and two territories associated with high humidity, the newspaper stated. 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
November 18, 2014
17:37 EDTGMNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC 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
November 17, 2014
06:07 EDTGMDeadline extended for GM compensation claims, AP reports
Subscribe for More Information
November 14, 2014
17:13 EDTGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
16:39 EDTGMBerkshire Hathaway gives quarterly update on stakes
Subscribe for More Information
07:32 EDTGMHayman Capital gives quarterly update on stakes
Subscribe for More Information
November 13, 2014
06:24 EDTGMHeidrick & Struggles picked by GM to find new general counsel, WSJ reports
Subscribe for More Information
November 12, 2014
08:42 EDTGMGeneral Motors' Ammann leading push for change, WSJ says
Subscribe for More Information
November 11, 2014
17:17 EDTGMGM scales back workers, production at small car plant, WSJ says
Subscribe for More Information
November 10, 2014
06:41 EDTGMGM ordered new switches months before recall, WSJ reports
Half a million replacement ignition switches were ordered by General Motors (GM) almost two months before it alerted federal safety regulators of the issues that led to a recall of millions of vehicles, the Wall Street Journal reports, citing email exchanges between the automaker and Delphi Automotive (DLPH). The email exchanges, which took place in mid-December 2013 between a GM contract worker and Delphi, indicate GM placed an "urgent" order for 500,000 replacement switches on December 18, a day after a meeting of senior executives. Reference Link
November 7, 2014
11:59 EDTGMSenators ask U.S. DOJ to review Takata as airbag worries increase, Reuters says
Subscribe for More Information
November 6, 2014
08:56 EDTGMMaxwell awarded U.S. Advanced Battery Consortium $2.68M contract
Maxwell Technologies (MXWL) has been awarded a $2.68M cost-shared technology development contract by the United States Advanced Battery Consortium to develop a high-performance hybrid ultracapacitor/lithium-ion battery for stop-start idle-elimination microhybrid autos. USABC is a subsidiary of the United States Council for Automotive Research LLC, the collaborative automotive technology organization for Chrysler Group Ford (F) and General Motors (GM). With funding provided by the U.S. Department of Energy, USABC's mission is to develop electrochemical energy storage technologies that support commercialization of electric, hybrid-electric and fuel cell vehicles.
06:55 EDTGMGM says not responsible for pre-bankruptcy vehicle allegations, Reuters says
A filing from a Manhattan bankruptcy court revealed that GM said it should not be required to go up-against cases based on safety problems in vehicles manufactured prior to its bankruptcy 5 years ago, including a defected ignition switch that prompted the automobile firm to recall 2.6M cars earlier in FY14, according to Reuters, citing the filing. Reference Link
06:40 EDTGMTakata cautions of larger FY loss, cancels dividend for now, Reuters says
After its faulty airbags have been connected to four deaths in the U.S., Takata cautioned of a larger loss this year and canceled its dividend at this time, according to Reuters, citing comments from Takata CFO Yoichiro Nomura. Car companies who utilized Takata airbags include Toyota (TM), Honda (HMC), Mazda (MZDAF), BMW (BAMXY), Nissan (NSANY), Mitsubishi, Subaru, Chrysler (FCAU), Ford (F), and General Motors (GM). Reference Link
06:31 EDTGMWestern Europe's auto sales increased 5.5% last month, Reuters says
Auto sales in Western Europe increased 5.5% in October versus the same period a year earlier, according to Reuters, which cited industry data. Demand for vehicles rose in all of the region's major markets except France, the news service quoted consulting firm LMC Automotive. as saying. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Now trades under FCAU (FIATY), Toyota (TM) and Volkswagen (VLKAY). Reference Link

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