News Breaks |
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| February 27, 2013 |
| 16:18 EDT |  | GPI, F | Group 1 Automotive acquires four Ford dealerships in UK
Group 1 Automotive announced that it acquired four Ford dealerships southwest of London in the U.K. that are expected to generate approximately $177M in estimated annual revenues. The dealerships will trade under the "think Ford" brand name and are located in the towns of Farnborough, Guildford, Wokingham and Bracknell. They will complement Group 1's existing BMW/MINI dealerships located in Farnborough and other adjacent market areas south and southwest of London. |
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News For GPI;F From The Last 14 Days Check below for free stories on GPI;F the last two weeks. |
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| May 22, 2013 |
| 19:49 EDT |  | F | Ford to close factory, plant in Australia, News Limited reports
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| 11:06 EDT | | F | Auto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80. |
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| 07:46 EDT | | F | Ford shares could rise 50% over next two years, Barron's says
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| 05:36 EDT | | F | Ford raises N American capacity by 200K units, reduces summer shutdown, adds jobs
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| May 21, 2013 |
| 16:04 EDT |  | F | Options Update; May 21, 2013
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| 09:33 EDT |  | F | Bloomberg LINK to host a summit
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| 06:17 EDT | | F | Detroit automakers rebound as style sells, Bloomberg reports
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| May 20, 2013 |
| 06:01 EDT | | F | Imported car prices in China decline, Bloomberg reports
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| 05:35 EDT | | F | Ford Fusion Energi earns top vehicle safety rating from NHTSA
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| May 17, 2013 |
| 16:00 EDT | | F | Options Update; May 17, 2013
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| May 16, 2013 |
| 16:36 EDT | | GPI | Group 1 Automotive raises quarterly cash dividend 6.7% to 16c per share
Group 1 Automotive announced that its board declared a cash dividend of 16c per share for Q1. The dividend, which represents an increase of 6.7%, or 1c per share, from 4Q12, will be payable on June 17, to stockholders of record on June 3. |
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| 12:36 EDT | | F | Ford sued over alleged engine defects, Automotive News says
Three vehicle owners are suing Ford over alleged defects in the automaker's six-cylinder EcoBoost engine.according to Automotive News. The plaintiffs allege that the engine had defects that caused the vehicle to "shake, misfire and rapidly lose power," the website stated. Reference Link |
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| 10:03 EDT |  | F | On The Fly: Analyst Upgrade Summary
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| 08:16 EDT | | F | Ford upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Ford following checks that indicate European production has bottomed, which removes an overhang. The firm believes investors will focus on strong North American results and an improved balance sheet. Price target raised to $18 from $15. |
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| 05:55 EDT | | F | Pickup truck sales are booming, WSJ reports
Pickup truck buyers are no longer on the sidelines as they return to dealer showrooms, offering millions of dollars in profit and potentially lifelong brand loyalty to Ford (F), GM (GM) or Chrysler Group (FIATY) and rivals, reports the Wall Street Journal. Sales of large pickups are up 20% for the first four months of this year compared with a year ago, bigger gains than in small cars or midsize cars, according to Autodata CorpReference Link |
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| May 15, 2013 |
| 06:57 EDT | | F | EU to investigate Spain grant to Ford, Reuters reports
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| 06:42 EDT | | F | Ford expands in Russia with new $247M engine plant, Detroit News says
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| May 14, 2013 |
| 13:38 EDT | | F | Ford, GM get high marks in consumer survey, Automotive News says
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| 11:33 EDT | | F | Ford Sollers to build $274M engine plant in Tatarstan
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| May 11, 2013 |
| 13:13 EDT | | F | Western car makers losing ground in India, WSJ says
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