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Stock Market & Financial Investment News

News Breaks
July 23, 2014
13:30 EDTGMGM announces six new recalls totaling 717,950 vehicles
General Motors announced six safety recalls covering 717,950 recent model vehicles in the U.S. The recalls cover: 414,333 2011-2012 model year Chevrolet Camaro, 2010-2012 model year Chevrole Equinox and GMC Terrain, 2011-2012 Buick Regal and LaCrosse, and 2010-2012 Cadillac SRX models in the U.S. equipped with power height adjustable driver front passenger seat structures. In these vehicles, the bolt that secures the height adjuster actuator may become loose or fall out.GM is aware of one crash and three injuries but no fatalities related to this condition; 124,008 model year 2014 Chevrolet Caprice, 2014 Chevrolet SS, 2014-2015 Chevrolet Silverado LD and HD, 2013-2014 Cadillac ATS, 2014 Cadillac CTS, 2014 Cadillac ELR, 2013-2014 Buick Encore; and 2014-2015 GMC Sierra LD and HD vehicles because certain vehicles may have an incomplete weld on the seat hook bracket assembly. GM is unaware of any crashes or injuries as a result of this issue; 120,426 2011-2013 model year Buick Regal and 2013 model year Chevrolet Malibus equipped with front turn signals that use two bulbs in each front turn signal; 57,242 2014 Chevrolet Impalas equipped with belt-drive electric power steering; 1,919 2014-2015 Chevrolet Sparks imported from Korea that were assembled with a lower control arm bolt not fastened to specification; 22 2015 model year Chevrolet Tahoe/Suburban and GMC Yukon/Yukon Denali vehicles in the U.S. In these vehicles, the roof carriers may have been attached with the wrong retaining nuts, resulting in holes or tears in the roof rail air bags if they deploy.
News For GM From The Last 14 Days
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March 27, 2015
14:55 EDTGMGeneral Motors weekly volatility at low end of historic range
General Motors April weekly call option implied volatility is at 22, April is at 20, May is at 21, June is at 22; compared to its 26-week average of 24 according to Track Data, suggesting decreasing price movement.
March 26, 2015
14:19 EDTGMGM expects North American Malibu sales to surge, Reuters reports
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07:22 EDTGMGeneral Motors near-term risk/reward favorable, says Deutsche Bank
After speaking with management, Deutsche Bank thinks General Motors' presentation to investors next week will be relatively upbeat. Deutsche believes GM is benefitting from mix and price in North America, mix in consolidated Asia, and raw material costs. It views the near-term risk/reward on shares as favorable, but keeps a Hold rating on the name.
March 24, 2015
08:41 EDTGMGeneral Motors capacity hampering sales growth, says Credit Suisse
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06:18 EDTGMGM to build next-gen Chevrolet Cruze in Coahuila, Mexico, Reuters reports
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06:12 EDTGMFord, GM considering asking for lower-paid workers, Bloomberg says
Ford (F) and General Motors (GM) are considering asking the United Auto Workers union to create a lower-pay tier of employee at U.S. auto factories, reports Bloomberg, citing people familiar with the matter. The union, on the other hand, is considering eliminating the existing tier structure altogether, according to a person familiar with the union leadership. The proposed lower tier worker would not assemble cars, said the sources. Reference Link
March 23, 2015
11:11 EDTGMGM ignition switch death claims rises to 74, WSJ reports
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07:37 EDTGMVolkswagen to cut at least 150 workers at Russian plant, Reuters reports
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March 20, 2015
08:01 EDTGMStifel says evidence supports Apple moving into electric vehicles
Analysts at Stifel say they see enough evidence to suggest that Apple is internally working on the development of a battery electric vehicle to be sold over the next five-to-ten years. The analysts are "intrigued" by Apple CFO Luca Maestri's background at General Motors (GM). They believe Apple's investments in manufacturing should be a key consideration for investors and point out the $40B spent by the iPhone maker over the past five years, with 80%-plus invested in manufacturing, is similar to GM, Ford (F) and Daimler-Benz and well above Tesla's $1.8B cumulative capex. The analysts say there is a "lot to think about" regarding Apple's move into the car space, including the regulatory environment. They keep a Buy rating on the tech giant with a $150 price target. Shares of Apple closed yesterday down 97c to $127.50.
06:22 EDTGMGM CEO to be questioned October 8 over ignition failures, AP says
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March 18, 2015
08:37 EDTGMGeneral Motors says to change business model in Russia
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08:36 EDTGMGeneral Motors says to idle auto plant in St. Petersburg
March 17, 2015
14:13 EDTGMMorgan Stanley questions GM capital allocation plan
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08:05 EDTGMGeneral Motors coverage resumed with an Underweight at Morgan Stanley
Morgan Stanley reinstated General Motors with an Underweight and $28 price target. The firm believes GM's agreement to accelerate capital returns to investors is a popular short-term decision but raises questions longer-term by increasing both financial and strategic risks.
06:23 EDTGMGM employees to be deposed for class action case, NY Times says
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March 16, 2015
11:06 EDTGMGM ignition switch death claims rises to 67, WSJ says
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