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Stock Market & Financial Investment News

News Breaks
July 7, 2014
06:39 EDTMZDAF, F, FIATY, TM, NSANY, HMC, BAMXYMazda recalls 42K China vehicles due to Takata air bag problem, Reuters says
Mazda will recall over 42K vehicles made in China after the company discovered problems with air bags supplied by Takata, according to Reuters, citing a China-based spokesman for the car manufacturer. Ford (F), Chrysler (FIATY), Toyota (TM), Nissan (NSANY), Honda (HMC) and BMW (BAMXY) have already issued recalls for the same problem with Takata's air bags. Reference Link
News For MZDAF;F;FIATY;TM;NSANY;HMC;BAMXY From The Last 14 Days
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July 15, 2014
16:15 EDTFGoogle appoints ex Ford CEO Alan Mulally to board, CNBC says
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06:47 EDTBAMXYBMW ups battery supplies due to EV expansion plans, Bloomberg says
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06:27 EDTFIATY, TM, NSANY, F, HMCAutomakers backing U.S.-EU trade deal, NY Times reports
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July 14, 2014
18:04 EDTHMCHonda to shift production of outboard engines to China, Nikkei reports
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08:14 EDTFFord should beat Q2 estimates while General Motors will miss, says UBS
UBS believes Ford (F) will beat Q2 estimates while General Motors (GM) will miss due to recall costs. Were it not for the recall charges, UBS thinks GM would post solid underlying results. UBS, which thinks Ford is likely to see a strong second half as product launch costs are already factored into guidance, raised its price target on the stock to $22 from $18. UBS increased its GM price target to $54 from $49. The firm keeps Buy ratings on both stocks.
07:55 EDTF, TMToyota halts production at South African plant, Bloomberg reports
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07:55 EDTNSANYNissan adds to bet on soccer with new sponsorship deal, FT says
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06:43 EDTFFord ceases production at South African facility, Reuters says
Ford announced that it has temporarily ceased production at one of its South African facilities due to a strike at some of its suppliers, according to Reuters, citing comments from Ford spokeswoman Alicia Chetty. Chetty said that only Ford's Pretoria facility was affected while its other plant in Port Elizabeth was operating as usual. Reference Link
06:08 EDTTM, F, NSANYABI Research: Over 24M cars to be fitted with Apple CarPlay, DigiTimes says
ABI Research said that over 24M cars will be fitted with Apple (AAPL) CarPlay in 2019, reports DigiTimes. ABI Reserch said that the uptake in MirrorLink will also be fairly significant, but predicts more cars will be fitted with CarPlay. It cites several car makers to have the capabilities, including Ford (F), BMW, Audi, Mercedes, Jaguar/Land Rover, Toyota (TM), Nissan (NSANY), and Volvo (VOLVY). Reference Link
July 11, 2014
10:35 EDTNSANYCadillac confirms Johan de Nysschen as president
General Motors (GM) announced the appointment of Johan de Nysschen as President Cadillac. de Nysschen will be responsible for all aspects of Cadillac globally including sales, pricing and network development, strategic brand development and marketing and product portfolio planning, including critical input for product engineering and design. de Nysschen joins the GM executive leadership team as an executive vice president of the company beginning September 1 and reports to GM President Dan Ammann. de Nysschen spent the last two years as head of the Infiniti (NSANY) brand worldwide.
08:50 EDTFNHTSA probes 500K Ford vehicles for steering issue, Detroit News says
The National Highway Traffic Safety Administration opened a preliminary probe into 500K older Ford vehicles for steering issues, according to the Detroit News, citing comments from the NHTSA. Ford spokeswoman Kelli Felker said the car manufacturer will cooperate with the NHTSA. Reference Link
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
06:23 EDTNSANYDe Nysschen resigns as Infiniti Motor president, WSJ reports
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July 10, 2014
14:01 EDTTMToyota selects KDC to develop new North American headquaters
Toyota announced that it has selected Dallas-based KDC Real Estate Development & Investments, one of America's leading commercial real estate development and investment firms, to develop its new North American headquarters campus in the Legacy West development in Plano, Texas. Toyota recently finalized the purchase of its new headquarters site and expects to begin occupying the campus in late 2016 or early 2017. Once completed, the headquarters will be home to about 4,000 Toyota employees.
12:18 EDTHMCHonda downgraded to Neutral from Buy at Nomura
09:56 EDTFIATY, FFord, Fiat Chrysler inquire about EU changes, FT says
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09:50 EDTFFord 'committed' to South Africa, minimizes worries over strikes, Reuters says
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July 9, 2014
09:47 EDTF, TM, NSANY, HMC, FIATYNew car sales in India rose 15% in June, WSJ reports
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07:52 EDTHMC, NSANY, TMJapan leading drive for fuel cell vehicles, FT says
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06:04 EDTHMCHonda recalls 14,000 Acura ILX, ILX hybrid vehicles, Detroit News reports
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