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Stock Market & Financial Investment News

News Breaks
June 30, 2014
13:09 EDTLKQ, FIATYLKQ Corp. and Chrysler sign patent license agreement
LKQ Corporation (LKQ) and Chrysler (FIATY) entered into a Patent License Agreement whereby LKQ has been granted a license under certain Chrysler design patents in connection with LKQ's distribution and sale of aftermarket collision parts in the United States. As part of the agreement, Chrysler will dismiss the complaint it filed in January 2014 against LKQ alleging that the distribution of certain aftermarket parts by LKQ infringed Chrysler's design patents relating to its Dodge Ram pickup truck. As a result, an amicable resolution of this matter has been reached. Further details about the agreement and its terms and conditions are confidential.
News For LKQ;FIATY From The Last 14 Days
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July 17, 2014
07:50 EDTFIATYBiggest Fiat stakeholder denies possible VW acquisition, Bloomberg says
Fiat's (FIATY) largest stakeholder, the Agnelli family, said that there were no talks regarding a merger between the Italian car manufacturer and Volkswagen (VLKAY), according to Bloomberg, citing a spokesman for Exor, the Agnelli family's investment firm. Exor owns 30% of Fiatís shares and was responding to a report by Germanyís Manager Magazin. Reference Link
06:44 EDTFIATYReport says VW in talks to buy Fiat, Reuters says
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06:28 EDTFIATYChrysler pressured to fix Jeep recall faster, Detroit News says
The National Highway Traffic Safety Administration pressured Chrysler to resolve recalls for Jeep Grand Cherokee and Liberty vehicles due to risk of fire. The company stated it will be able to produce enough trailer hitches to complete the 1.56M vehicle recall faster than anticipated, reports the Detroit News. Reference Link
July 16, 2014
06:19 EDTFIATYFord, GM, Chrysler not interested in Tesla patents, Detroit News says
Ford (F), General Motors (GM), and Chrysler (FIATY) either have little interest in Tesla's (TSLA) EV patents or the companies are not sharing their plans, reports the Detroit News. Reference Link
July 15, 2014
06:27 EDTFIATYAutomakers backing U.S.-EU trade deal, NY Times reports
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July 11, 2014
08:24 EDTFIATYChrysler issues recall for 895K SUVs due to fire potential, Detroit News says
Chrysler, a division of Fiat, said that it is issuing a recall for 895K sport-utility-vehicles due to fire worries and will reroute wiring for vanity-mirror lights after government regulators decided to upgrade a probe into the problem, according to the Detroit News, citing comments from the Auburn Hills unit of Fiat Chrysler Automobiles. Reference Link
July 10, 2014
09:56 EDTFIATYFord, Fiat Chrysler inquire about EU changes, FT says
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07:49 EDTLKQLKQ Corp. acquisition of Unipart would be good fit, says William Blair
Following British media reports that said LKQ Corp.'s U.K. division, Euro Car Parts, was among the potential bidders for Unipart Automotive, William Blair said it views such a deal, should it happen, as a good fit. Buying Unipart would not be significant to LKQ's total revenue, but the firm believes it would be slightly accretive to earnings and present scale benefits and cross-selling opportunities in the U.K. William Blair maintains its Outperform rating on LKQ Corp.
July 9, 2014
09:47 EDTFIATYNew car sales in India rose 15% in June, WSJ reports
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July 8, 2014
07:07 EDTFIATYFiat founders could tighten hold on firm after Chrysler merge, Reuters says
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