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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
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October 22, 2014
06:24 EDTGMNHTSA says over 6M cars involved in Takata airbag recalls
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October 21, 2014
12:08 EDTGMGeneral Motors says supports Michigan House Bill 5606
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10:13 EDTGMGeneral Motors volatility elevated into Q3 and outlook
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10:00 EDTGMOn The Fly: Analyst Initiation Summary
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06:26 EDTGMGeneral Motors initiated with a Neutral at Susquehanna
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October 20, 2014
11:53 EDTGMDeaths tied to faulty GM ignition-switch increases to 29, Reuters says
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08:22 EDTGMCourt rules GM loan docs valid despite mistake, Reuters reports
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October 17, 2014
18:10 EDTGMGeneral Motors General Counsel Michael Millikin to retire in early 2015
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16:31 EDTGMGeneral Motors announces $12.5B revolving credit facility
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October 16, 2014
12:04 EDTGMStocks with call strike movement; ABBV GM
AbbVie (ABBV) January 60 call option implied volatility decreased 5% to 29, General Motors (GM) March 33 call option implied volatility decreased 4% to 39 according to IVolatility.
06:34 EDTGMChina to punish automakers that miss fuel standards, Reuters reports
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October 15, 2014
13:27 EDTGMGM faces $10B suit due to recalls, Bloomberg says
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10:16 EDTGMGeneral Motors reports Q3 worldwide sales up 2% to 2.45M units
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October 14, 2014
10:01 EDTGMOn The Fly: Analyst Downgrade Summary
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06:20 EDTGMGeneral Motors downgraded to Buy from Conviction Buy at Goldman
Goldman removed General Motors from the Conviction Buy List and lowered estimates to to cuts in North American and European production and a difficult pricing environment. The firm maintains its Buy rating and views risk/reward as favorable and expects reasonably strong comps over then next two quarters. Price target lowered to $47 from $48.
October 13, 2014
12:10 EDTGMGM lawyer says 27 people eligible for ignition switch compensation, AP reports
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06:44 EDTGMRegulators seeking banks' auto loan data, Reuters reports
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October 12, 2014
17:21 EDTGMTesla ahead of other car makers on semiautonomous driving system, WSJ says
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October 10, 2014
06:12 EDTGMGeneral Motors reports September China sales up 15.2% to 319,936
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October 9, 2014
09:17 EDTGMOmix Ada recalls floor mats used in Chevrolet, GMC trucks, SUVs
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