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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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December 19, 2014
16:45 EDTGMGeneral Motors, Hertz in pact for purchase of GM vehicles
On December 15, The Hertz Corporation (HTZ) and General Motors (GM) entered into an agreement relating to Hertz’s purchase of GM vehicles for the 2015 vehicle model year. The agreement also sets forth the terms and conditions related to GM’s repurchase of a portion of the vehicles purchased by Hertz under the agreement.
15:11 EDTGMGM considering options if Takata recall expands, Reuters reports
General Motors (GM) is developing back-up plans on the chance that Takata's (TKTDY) air bag recall expands, according to Reuters. General Motors has asked Takata to share air bag specifications with rivals TRW (TRW) and Autoliv (ALV), so that replacements can be readily available, the company told Reuters. Reference Link
December 18, 2014
11:33 EDTGMStocks with call strike movement; GM EWZ
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08:23 EDTGMSeveral automakers halt Russia car sales due to ruble, Bloomberg reports
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December 16, 2014
09:59 EDTGMOn The Fly: Analyst Downgrade Summary
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07:30 EDTGMGeneral Motors retreats in pre-market after analyst downgrades shares
GM shares are falling in pre-market trading after RBC Capital downgraded the stock to Sector Perform from Outperform, citing weak auto trends in North America and overly optimistic targets by the company. WHAT'S NEW: In North America, GM will face slowing demand, negative pricing trends, and higher regulatory and content costs, RBC Capital analyst Joseph Spak wrote in a note to investors today. The company's target for 10% profit margins in North America appears to be optimistic, given competition from the major Japanese automakers, which are benefiting from yen weakness, the analyst stated. Similarly, GM's Cadillac sales targets also seem ambitious, as it faces competition from German competitors that are in a strong position in North America and have a foothold in China, according to Spak. The analyst reduced his price target on the stock to $35 from $41. PRICE ACTION: In early pre-market trading, GM fell nearly 1% to $30.75.
06:33 EDTGMGeneral Motors downgraded to Sector Perform from Outperform at RBC Capital
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December 15, 2014
13:16 EDTGMUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website 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
11:30 EDTGMGeneral Motors management to meet with Sterne Agee
Meeting to be held in New York on December 19 hosted by Sterne Agee.
06:55 EDTGMTakata tightening restrictions on suppliers, Reuters reports
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December 11, 2014
07:49 EDTGMThe New York Times to hold a conference
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December 8, 2014
11:10 EDTGMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).

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