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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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April 14, 2015
18:07 EDTGMGeneral Motors seeks to cut costs via longer term supply contracts, WSJ says
General Motors’ new purchasing chief said the company is trying to lock in its supplier contracts for a term covering two vehicle generations, or as long as a decade, in a bid to cut costs and gain access to advanced technology, The Wall Street Journal reports. Reference Link
April 13, 2015
17:21 EDTGMGeneral Motors confirms raising quarterly dividend to 36c from 30c per share
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13:31 EDTGMDeath claims linked to GM ignition switches up to 84, WSJ reports
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12:58 EDTGMGM says it has resolved Bolt's technical challenges, Financial Times reports
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12:44 EDTGMFiat Chrysler interested in partnering with GM, Reuters says
Fiat Chrysler 9FCAU) CEO Sergio Marchionne is looking to make a "mega deal" before stepping down in early 2019 and has shown "particular interest" in partnering with GM(GM), according to Reuters. GM is strong in Asia, an area of weakness for Fiat Chrysler, while GM is looking to expand in Europe, the news service stated. Reference Link
07:16 EDTGMTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
April 10, 2015
06:13 EDTGMGeneral Motors added to Focus List at Citigroup following selloff
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April 9, 2015
11:31 EDTGMGM may make 'major' investment in Warren Tech Center, Detroit News says
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08:41 EDTGMGM's Opel unit reports Q1 new passenger car sales 279,306 units
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06:19 EDTGMGeneral Motors considering $1.3B expansion of Arlington plant, Reuters reports
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06:07 EDTGMGM to temporarily halt production of Chevrolet Volt, WSJ reports
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April 8, 2015
19:09 EDTGMGM pressures Canadian workers to reduce pension benefits, Globe and Mail says
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April 7, 2015
11:27 EDTGMCanadian sale of General Motors stake removes an overhang, says BofA/Merrill
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09:23 EDTGMOn The Fly: Pre-market Movers
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09:01 EDTGMGeneral Motors 73.39M share Block Trade priced at $35.90
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06:56 EDTGMGeneral Motors 73.39M share Block Trade; price range $35.80-$36.00
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April 6, 2015
18:01 EDTGMCanada GEN Investment to sell 73.39M shares of General Motors to Goldman Sachs
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11:41 EDTGMDeath claims linked to GM ignition switches up to 80, WSJ reports
The number of deaths linked to General Motors' faulty ignition switch was raised by three to 80 total people, reports The Wall Street Journal, citing statements by lawyers operating the GM compensation fund. The number of confirmed injury claims rose by seven to 141 people. Reference Link
07:41 EDTGMBrookings Institute to hold a discussion
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April 5, 2015
08:43 EDTGMAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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