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Stock Market & Financial Investment News

News Breaks
July 19, 2014
20:10 EDTGMGM issues stop-sale on certain 2014 Cadillac CTS sedans, Bloomberg says
General Motors has issued a stop-sale order dated July 8 to its dealers for 2014 Cadillac CTS sedans that use a standard key ignition, says Bloomberg. Reference Link
News For GM From The Last 14 Days
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September 20, 2014
21:44 EDTGMGM recalls 221,558 Cadillac XTS and Chevrolet Impala sedans, WSJ says
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September 19, 2014
14:50 EDTGMJudge orders General Motors must hand over defect files, WSJ reports
A U.S. Judge has ordered General Motors to turn over internal files and documents regarding its ignition-switch flaw and how it handled the defect to plaintiff attorneys, The Wall Street Journal says. The attorneys are representing plaintiffs who have sued the auto manufacturer alleging economic loss, personal injury, and deaths related to the company's recall of older cars with the ignition-switch defect. While General Motors is protected from liabilities that occurred before its bankruptcy in 2009, the recent ruling paves the way for plaintiff attorneys to obtain records they could use in cases before and after General Motor's bankruptcy petition, The Wall Street Journal added. Reference Link
07:09 EDTGMGeneral Motors to launch new Cadillac sedan next year, AP reports
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September 18, 2014
10:02 EDTGMGeneral Motors to recall 3,200 natural gas-fueled vans, WSJ reports
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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
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September 16, 2014
13:09 EDTGMGeneral Motors to add third shift, 750 jobs at Wentzville Assembly plant
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12:19 EDTGMGM ups U.S. mid-sized pickup production, Reuters says
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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
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06:54 EDTGMGM's Opel realigns Russian operations
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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
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06:30 EDTGMNHTSA chief calls for 'new normal' for recalls, Detroit News reports
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September 15, 2014
11:14 EDTGMGM faulty switch connected to 19 confirmed deaths, WSJ says
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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
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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
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