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Stock Market & Financial Investment News

News Breaks
June 23, 2014
06:52 EDTMZDAF, FIATY, NSANY, F, HMC, BAMXY, TMTakata prepared to back car makers in inflator replacement, Reuters says
Takata said in a letter to the U.S. National Highway Traffic Safety Administration that it is prepared to back car manufacturers in replacing certain air bag inflators made between 2000 and 2007 that were supplied to multiple firms who sold cars in the U.S., according to Reuters, citing the letter. The car manufacturers affected include Honda (HMC), Toyota (TM), BMW (BAMXY) Fiat's (FIATY) Chrysler, Ford (F), Mazda (MZDAF), and Nissan (NSANY). Reference Link
News For HMC;TM;BAMXY;FIATY;F;NSANY;MZDAF From The Last 14 Days
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April 15, 2015
09:06 EDTTMToyota to build new plant in Mexico, expand Chinese joint venture
Toyota announced that it will build a new plant in Mexico and expand its joint venture, Guangzhou Toyota Motor Co., in China. These investments are grounded on its plans to construct production lines that are more competitive, with greatly reduced initial investment, improved efficiency, flexibility, environmental performance and safety, the company said. The new plant in Mexico and the expansion in China will be designed to accelerate innovation by implementing new technologies into real production lines. These "simple and slim" production lines can be easily lengthened or shortened depending on demand, with over-head conveyance devices eliminated, compact equipment installed on top of the plant floors, and paint-booths that are smaller. Toyota had previously suspended construction of new plants in order to improve capacity utilization of existing plants and plan for reduced model change-over and new plant construction investment. Currently, total capacity utilization is more than 90% and the initial portion of new simple and slim plant costs, including structure and equipment, is expected to be approximately 40% lower when compared to 2008. Production at the new plant in Mexico is scheduled to start in 2019 and the investment will be approximately $1B. Production at the new plant in China is to start as needed after completion of new line 3 in 2017 and Toyota plans to invest about Y52.5B.
05:27 EDTFTenneco to supply Ford Focus and Ford C-MAX with suspension technology
Tenneco (TEN) announced that Ford (F) has chosen Tennecoís damper technology for its new Ford Focus and Ford C-MAX, both of which are built on Fordís C-Car global platform. According to Ford, these latest launches introduce a number of advanced new technologies focused on enhanced comfort, safety and ride quality. Tennecoís Multi-Tuned Valve is a cost-effective twin tube valve system that provides a wide range of tuning options. MTV offers improved shock absorber performance and durability compared to conventional valves, and enables the optimum balance between body control and driver comfort.
April 14, 2015
12:23 EDTF, TMFord likely to announce $2.5B investment in Mexico this week, Reuters reports
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06:45 EDTHMCHonda confirms Takata airbag injured driver in March, Reuters says
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06:23 EDTTMToyota to spend $1B to build factory in Mexico, Reuters reports
According to two sources, Toyota will announce plans on Wednesday to invest $1B to build a car factory in Mexico, Reuters reports. The factory, which would be in Guanajuato, is expected to produce about 200,000 cars per year and create about 2,400 direct jobs, one source says. Reuters previously reported that the factory would produce the Corolla car starting in the summer of 2019. Reference Link
April 12, 2015
19:46 EDTTMToyota plans to build new Chinese factory by 2018, AFP says
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April 10, 2015
10:54 EDTNSANYNissan recalls 76,242 model year 2014 Nissan Rogue vehicles for fuel pump
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07:53 EDTFFord consolidates Ford Sollers joint venture for financial reporting purposes
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06:13 EDTFGeneral Motors added to Focus List at Citigroup following selloff
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April 9, 2015
09:22 EDTFLKQ Corp., Ford renew patent license agreement
LKQ Corporation (LKQ) and Ford Global Technologies (F) renewed their design patent license agreement, which was first entered into in April 2009. The license agreement grants to LKQ the exclusive right to distribute aftermarket replicas of Ford automotive parts covered by U.S. design patents. The renewal is on substantially the same terms as the previous agreement except that the term now extends until March 2020.
06:07 EDTNSANYGM to temporarily halt production of Chevrolet Volt, WSJ reports
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April 8, 2015
19:09 EDTFGM pressures Canadian workers to reduce pension benefits, Globe and Mail says
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15:16 EDTHMCHonda to transfer production of Accord Hybrid to Japan
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April 7, 2015
13:32 EDTNSANYDaimler, Nissan announce pickup truck partnership
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10:05 EDTTMOn The Fly: Analyst Downgrade Summary
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06:38 EDTTMToyota downgraded to Neutral from Buy at UBS
06:27 EDTNSANYNissan to offer automatic braking as standard feature in Japan, Reuters reports
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April 6, 2015
13:20 EDTNSANYU.S. probing 360,000 Nissan vehicles over alleged accelerator problems
The National Highway Traffic Safety Administration, or NHTSA, has opened a probe of problems with the accelerator pedals in 360,000 of Nissan's Versa and Versa Note vehicles, the agency stated today. The problems allegedly cause "delayed brake application and sometimes brief incidents of unwanted acceleration," the NHTSA reported. Reference Link
05:54 EDTTMToyota to open plants in Mexico and China, Financial Times reports
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April 5, 2015
15:52 EDTFNHTSA to reopen investigation into Ford sedan exterior lighting failures
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