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Stock Market & Financial Investment News

News Breaks
July 7, 2014
06:21 EDTNSANY, HMC, MZDAFMexico beats Brazil as number 1 Latin American car maker, Bloomberg says
Mexico is positioned to surpass Brazil as the number one Latin American vehicle manufacturer for the first time in over ten years as increasing exports to the U.S. spark factory openings and record output, according to Bloomberg, citing consultant IHS Automotive. The Mexican Automobile Industry Association said that vehicle output in Mexico rose 7.2% and was bolstered by new plants for Nissan (NSANY), Honda (HMC), and Mazda (MZDAF). Reference Link
News For NSANY;HMC;MZDAF From The Last 14 Days
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July 29, 2014
08:37 EDTHMCHonda declares Y22 per share dividend
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08:36 EDTHMCHonda sees FY14 net income per share Y332.91
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08:34 EDTHMCHonda reports Q3 EPS 80c vs. 67c last year
Reports Q3 revenue $29.48B, one estimate $30.13B. Honda's consolidated net income attributable to Honda Motor totaled $1.445B, an increase of 19.6% from the same period last year. Basic net income attributable to Honda Motor per common share for the quarter amounted to 80c, an increase of 13c from the corresponding period last year.
06:37 EDTNSANYNissan anticipates Takata to compensate all recall-related costs, Reuters says
Nissan's corporate vice president Joji Tagawa said that he expects Takata to compensate the car manufacturer for all expenses having to do with the recent air bag recall, according to Reuters, citing comments from Tagawa. Tagawa did not say the exact costs linked to the recall. Reference Link
July 28, 2014
05:56 EDTNSANYNissan reaffirms FY14 net income outlook $4.05B
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05:55 EDTNSANYNissan reports Q1 net income up 37% to $1.10B
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July 27, 2014
19:00 EDTNSANYNissan recalls additional vehicles over airbag, WSJ says
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July 25, 2014
08:58 EDTMZDAFNHTSA opening new probe into defects in Dodge Chargers, Detroit News reports
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July 21, 2014
11:57 EDTNSANYChinese electric vehicle maker Kandi surges after tax break news
Shares of Chinese electric car maker Kandi Technologies (KNDI) are surging after a Chinese newspaper reported that electric cars made outside of China would not qualify for a key tax break in the country. WHAT'S NEW: A key sales tax will not be waived on purchases of electric cars made outside of China, said Su Bo, China's vice-minister of the Industry and Information Technology Ministry, according to China Daily. Buyers of electric vehicles made in China will not have to pay a purchase tax from September 1, 2014 until the end of 2017, China Daily stated. WHAT'S NOTABLE: Tesla Motors (TSLA), Nissan (NSANY) and GM (GM) have all sought to sell electric vehicles in China. PRICE ACTION: In late morning trading, Kandi Technologies' stock rose $1.66, or 8.5%, to $21.28. The shares are well off their high for the day of $22.22, but they have surged 80% so far this year. Tesla shares, which had spent some of the morning in slightly negative ground, were up about 1% near $222 per share just before noon.
06:58 EDTNSANYForeign electric cars won't qualify for Chinese tax break, China Daily says
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06:07 EDTNSANYNissan to introduce self-parking cars by 2016, Detroit News reports
Nissan is planning to introduce self-parking cars by 2016, the Detroit News reports. The feature, which will be available along with technology enabling cars to self-navigate congested highway, on a wide range of vehicles, CEO Carlos Ghosn says. Reference Link
July 18, 2014
15:23 EDTNSANY, HMCJapan to provide generous subsidies for fuel cell vehicles, Nikkei says
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