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Stock Market & Financial Investment News

News Breaks
June 23, 2014
14:09 EDTRIO, NSANY, TM, AA, HMCAsian auto makers reluctant to adop aluminum, Automotive News says
Asian automakers are reluctant to begin utilizing aluminum in their cars on a major scale, due to the high costs of changing existing manufacturing processes and supplier relationships, according to Automotive News. Publicly traded Asian automakers include Honda (HMC), Nissan (NSANY), and Toyota (TM). Rio Tinto (RIO) and Alcoa (AA) are major aluminum miners. Reference Link
News For NSANY;HMC;TM;RIO;AA From The Last 14 Days
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July 22, 2015
07:18 EDTNSANY, TM, HMCAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
18:33 EDTTMToyota to delay building Lexus brand in China, Reuters reports
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12:22 EDTTMFormer Toyota exec plans to make supplier more competitive, Bloomberg says
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11:05 EDTTMAfter Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi
After Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi The shares of Harman (HAR) and Delphi Automotive (DLPH) are rising after Wells Fargo predicted that the companies would benefit from the increasing need to protect cars from cybersecurity attacks after Wired reported on hackers discovering methods that can be used to take control of vehicles. BACKGROUND: Two computer hacking researchers showed that they could seize control of a Jeep Cherokee, made by Fiat Chrysler (FCAU), using a technique called a zero-day exploit, Wired reported today. Using the same technique, the hackers can control "any of thousands of vehicles," the website reported. In the past, they have demonstrated how they were able to take control of a Ford (F) Escape and Toyota (TM) Prius, according to Wired. The hackers' technique involves taking control of vehicles' entertainment systems and sending commands to the vehicles' dashboard functions, steering, brakes, and transmission through their those systems, the website stated. ANALYST REACTION: In a note to investors today, Wells Fargo analyst David Lim responded to Wired's article by saying that cybersecurity has become a significant concern for automakers. Automotive technology suppliers such as Harman (HAR) and Delphi (DLPH) should benefit from auto makers' efforts to protect their vehicles from cyberattacks, Kwas believes. He reiterated Outperform ratings on Harman and Delphi. PRICE ACTION: In morning trading, Harman climbed about 2% to $108 and Delphi rose fractionally to $78.15. This version of the story replaces an earlier one to correct the lead analyst to David Lim.
09:40 EDTTM, HMC, NSANYJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
July 20, 2015
14:33 EDTTMGoPro, Toyota partner to put camera mount in Tacoma, Wired says
GoPro (GPRO) and Toyota (TM) are partnering to place a a GoPro camera mount on the roofline of every new 2016 Toyota Tacoma, a first for a carmaker, says Wired. Toyota will not supply the camera, added Wired. Shares of GoPro are up 6.5% while Toyota is up fractionally. Reference Link
12:16 EDTHMC, NSANY, TMHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
09:07 EDTHMCHonda Aircraft expands HondaJet sales to South America
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July 19, 2015
12:50 EDTTMJapanese blue chips could see gains of 30% or more, Barron's says
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July 17, 2015
06:32 EDTTMProbe shows leaky seals cause Takata air bag explosions, WSJ reports
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06:22 EDTNSANYGhosn: Nissan considering using LG Chem batteries for EV, WSJ reports
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July 16, 2015
14:36 EDTTMToyota upgraded to Buy from Hold at Jefferies (pre-open)
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13:52 EDTTM, NSANY, HMCGM slips after Barclays downgrades auto sector on China downturnbw
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July 15, 2015
19:06 EDTRIORio Tinto cuts FY15 global iron ore shipments to 340M tonnes due to weather
"Due to the weather disruption in 1H, anticipated [iron ore] shipments were reduced by around 7M tonnes. Accordingly, Rio Tinto now expects FY15 global [iron ore] shipments of 340M tonnes -- 100% basis -- from its operations in Australia and Canada," said the company. Backs FY15 bauxite production 43M tonnes, alumina production 8M tonnes, aluminium production 3.3M tonnes. Sees share of refined copper production 190,000-220,000 tonnes. Sees share of mined copper production 500,000-535,000 tonnes. Sees share of thermal coal production 18M-19M tonnes. Sees 3M-3.4M tonnes of semi-soft coking coal, 7.1M-8.1M tonnes of hard coking coal. Cuts expected titanium dioxide slag production to 1.2M tonnes from 1.3M. Sees share of diamond production 20M carats. Sees share of uranium production 5M pounds, at the lower range of previous guidance.
18:55 EDTRIORio Tinto reports Bauxite production up 5%
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18:47 EDTRIORio Tinto reports Q2 global iron ore shipments up 8% to 81.4M tonnes
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18:07 EDTNSANYNissan recalls 271,431 vehicles globally over engine start/stop button
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06:09 EDTTMToyota recalling around 625,000 hybrid cars to fix software glitch, Reuters says
Toyota will recall around 625,000 hybrid cars globally, Reuters reports. Affected models include Prius v minivans made between May 2010-November 2014, the report says. Toyota is looking to fix a software glitch that could shut down the hybrid system while the car is being driven. Reference Link
July 14, 2015
17:52 EDTAAS&P announces changes to the S&P 500, 400, 600, and 100 indices
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16:43 EDTHMCHonda Finance reaches $24M settlement over alleged loan discrimination
The Department of Justice and the Consumer Financial Protection Bureau announced a settlement to resolve allegations that American Honda Finance engaged in a pattern or practice of discrimination against African-American, Hispanic and Asian/Pacific Islander borrowers in auto lending. As part of the settlement, Honda has agreed to change the way it prices its loans by limiting dealer markup to 125 basis points for loans of 60 months or less, and to 100 basis points for loans greater than 60 months. The settlement also provides $24M in compensation for alleged victims of past discrimination. In addition to the $24M in payments for its past conduct, under the Justice Department consent order, Honda will also pay $1M to fund a consumer financial education program focused on consumer auto finance that is designed to benefit African-American, Hispanic and Asian/Pacific Islander populations. The settlement also requires Honda to improve its monitoring and compliance systems. The settlement allows the lender to experiment with different approaches toward lessening discrimination and requires it to regularly report to the department and the CFPB on the results of its efforts as well as discuss potential ways to improve results. Reference Link
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