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Stock Market & Financial Investment News

News Breaks
February 21, 2014
06:43 EDTNSANY, HMC, TM, GM, FIATY, VLKAY, FChina ministry wants to ease auto joint venture rules, Automotive News says
China's Ministry of Industry and Information Technology is looking to ease restrictions on foreign automakers' stakes in joint ventures in the country, Automotive News reported yesterday afternoon. Foreign companies currently must form joint ventures to produce cars in China, and are prohibited from owning stakes of more than 50% in these joint ventures, the website noted. Publicly traded automakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
News For NSANY;HMC;TM;GM;FIATY;VLKAY;F From The Last 14 Days
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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 EDTF, FIATYFord, 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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06:34 EDTVLKAYChina exempts new energy cars from sales tax, Xinhua reports
China announced yesterday that new energy cars would be exempt from a 10% sales tax starting in September, according to Xinhua. The tax will not have to be paid by buyers of qualified pure electric cars, plug-in hybrid electric cars and fuel cell cars from September 1, 2014 until the end of 2017, the news service quoted the Chinese government as saying. Tesla (TSLA), Volkswagen (VLKAY), and Kandi Technologies (KNDI) are among the companies that are poised to benefit from the decision. Reference Link
06:24 EDTGMGeneral Motors to replace faulty ignition switch kits, Detroit News says
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06:06 EDTGMGM recalling Saab convertibles due to safety defect, Detroit News reports
Around 28,790 Saab convertibles from the 2004-2011 model years are being recalled by General Motors, as the driver's seat belt retractor can break, the Detroit News reports. Reference Link
July 9, 2014
09:47 EDTFIATY, GM, VLKAY, F, HMC, NSANY, TMNew car sales in India rose 15% in June, WSJ reports
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09:43 EDTGMGeneral Motors, Manchester United debut sponsored shirt for 2014-15 season
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09:21 EDTGMDelphi CEO to testify about GM ignition switches, Automotive News says
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07:52 EDTNSANY, GM, HMC, TMJapan leading drive for fuel cell vehicles, FT says
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06:28 EDTGMGM Korea employees approve strike amid stalled wage discussions, Reuters says
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06:17 EDTGMGM CEO, general counsel to testify before Senate subcommittee, WSJ reports
Mary Barry, the CEO of General Motors (GM), and the company's general counsel, Mike Millikin, have been called to testify next week before a Senate subcommittee looking at why it took the automaker almost 11 years to recall older cars equipped with a faulty ignition switch, the Wall Street Journal reports. Delphi Automotive (DLPH) CEO Rodney O'Neal and Kenneth Feinberg have also been called as witnesses. Reference Link
06:04 EDTHMCHonda recalls 14,000 Acura ILX, ILX hybrid vehicles, Detroit News reports
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July 8, 2014
12:25 EDTGMGM won't use insurance to pay ignition claims, Automotive News reports
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07:07 EDTFIATYFiat founders could tighten hold on firm after Chrysler merge, Reuters says
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06:54 EDTGMGM Korea head says potential strike could mean output cuts, Reuters says
GM South Korea CEO Sergio Rocha warned employees that a possible strike could prompt further production reductions in one of its major Asian manufacturing centers, according to Reuters, citing comments from Rocha. GM's 15K unionized employees in South Korea plan to cast ballots on whether to hold a strike for a fourth consecutive year, signaling a reemergence of summer labor unrest in the country's vehicle industry. Reference Link
06:31 EDTVLKAYVolkswagen Passenger Cars delivers over 3M vehicles in 1H
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06:29 EDTGMGeneral Motors elects not to recall trucks with brake problems, NY Times says
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06:24 EDTFFord recalls 101,000 vehicles, Detroit News reports
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