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Stock Market & Financial Investment News

News Breaks
July 28, 2014
06:07 EDTGMNHTSA closes GM defect petition review
The NHTSA is closing a petition review of 248,000 2007-2009 Saturn Outlook and GMC Acadia 248,453 after a complaint of loss of low beam headlamp function due to an overheated bulb connector. NHTSA said out of a population of 248,453 subject vehicles, NHTSA received 473 consumer complaints of inoperative head lamp. Many of these complaints indicated that the head lamp harness suffered damage from overheating. After reviewing the complaints, NHTSA said it didn't find a defect. "Over the last 25 years, ODI has opened numerous defect investigations of the loss of headlamp illumination. Investigations that resulted in safety recalls involved simultaneous loss of illumination from both headlamps. NHTSA does not consider the loss of a single headlamp as presenting an unreasonable safety risk-such failures are readily detectable by the driver while allowing the vehicle to retain forward visibility and conspicuity from the remaining headlamp. There is typically enough time between the failure of the first headlamp and the second during which the vehicle operator can obtain the needed repairs. Based on the information currently available, NHTSA does not believe that the headlamp condition as alleged by the petitioner indicates the likelihood of a safety-related defect that would warrant a formal investigation. Therefore, in view of the need to allocate and prioritize NHTSA's limited resources to best accomplish the agency's safety mission, the petition is denied." Reference Link
News For GM From The Last 14 Days
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November 25, 2014
07:24 EDTGMGM president Ammann sees 'more of the same' from U.S. market, Reuters says
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November 24, 2014
11:41 EDTGMTexas woman cleared of death linked to GM recalled switch, WSJ reports
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11:31 EDTGMTwo more deaths attributed to faulty GM ignition switch, Reuters says
According to the lawyer overseeing a program to compensate for deaths and accidents linked to the faulty General Motors ignition switch, two more deaths are now being attributed to the faulty part, says Reuters. Reference Link
November 23, 2014
19:42 EDTGMGM 's Brazil market looks to be challenged again this year, FT says
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November 21, 2014
08:14 EDTGMHonda warned Takata on airbags years before recalls, WSJ reports
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November 20, 2014
14:47 EDTGMMobileye sinks despite better than expected revenue, outlook
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09:10 EDTGMGeneral Motors sued by Arizona over recalls, NY Times says
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07:57 EDTGMIIHS crash tests results for minivans 'one of the worst', CNBC says
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November 19, 2014
06:51 EDTGMRegulators push automakers for wider airbag recall, NY Times says
The National Highway Traffic Safety Administration urged automakers to recall all U.S. vehicles with airbags made by Takata, according to The New York Times. The recall of of vehicles with the airbags has been limited to two states and two territories associated with high humidity, the newspaper stated. 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
November 18, 2014
17:37 EDTGMNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC 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
November 17, 2014
06:07 EDTGMDeadline extended for GM compensation claims, AP reports
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November 14, 2014
17:13 EDTGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
16:39 EDTGMBerkshire Hathaway gives quarterly update on stakes
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07:32 EDTGMHayman Capital gives quarterly update on stakes
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