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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:55 EDTTM, FToyota halts production at South African plant, Bloomberg reports
Toyota (TM) has halted production of the Corolla, Hilux and Fortuner models at its Durban plant in South Africa starting tomorrow due to a strike in the metals industry, Bloomberg reports. Reuters earlier reported that Ford (F) has temporarily ceased production at one of its South African facilities due to the strike. Reference Link
News For TM;F From The Last 14 Days
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May 27, 2015
09:50 EDTFFord recalls 423K vehicles over power steering issue, AP reports
Ford is recalling nearly 423,000 vehicles in North America due to a problem in power-assisted steering, reports the Associated Press. The recall covers Ford Flex and Taurus vehicles, Lincoln MKS and MKT, and Ford Fusion models. Ford says an intermittent electrical connection can cause the power steering to stop. That sends the steering into manual mode, making the vehicles harder to control. Reference Link
May 26, 2015
11:30 EDTFFord expands operations in North Africa
As part of its global growth plan, Ford Motor Company is expanding its operations in North Africa with a new regional sales office in Casablanca and a purchasing office in Tangier. “Morocco is a great place to do business,” said Kalyana Sivagnanam, Director, Ford Middle East & North Africa. “Morocco has a very skilled and motivated workforce, a growing automotive supplier ecosystem, access to ports, free and fair trade agreements and a very pro-business mindset. Ford is delighted to partner with Morocco to expand our operations in North Africa.” Ford is bringing seven new vehicles to North Africa this year and will more than double the amount of parts it purchases from North African-based suppliers. The growing automotive supplier network in North Africa, primarily in Morocco, will supply parts to Ford’s assembly plant in Valencia, Spain, among other operations. Ford has completed a 2.3B euro investment in its Valencia plant – the largest automotive investment in Spanish history – allowing it to increase its volume and the number of nameplates it produces.
07:17 EDTFConsumer Electronics Association to hold a conference
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May 20, 2015
06:06 EDTFFord's Turkish unit forced to cancel shift on supply chain issues, Reuters says
Ford's Turkish arm cancelled an extra work shift yesterday as labor unrest in Turkey's automotive sector hit the supply chain, Reuters reports. Ford Otosan commented, "As it was not possible to supply parts from intermediate product makers in Bursa, the preplanned extra working shift has been cancelled." Reference Link
06:00 EDTTM, FTakata to widen airbag recall to nearly 34M, enters Consent Order
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May 19, 2015
13:20 EDTF, TMTakata expected to recall 33.8M vehicles, Detroit News reports
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07:36 EDTF, TMAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
May 18, 2015
12:33 EDTFMarathon Patent unit enters into settlement agreement with Jaguar Land Rover
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09:54 EDTF, TMNHTSA looks to accelerate V2V rollout by automakers, Motor Authority says
Automakers have been notified that initial proposals for the implementation of vehicle-to-vehicle technology will be outlined by before January 1, 2016, which would be a full year ahead of schedule, according to Motor Authority. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Mobileye (MBLY) makes chips utilized in advanced driver assistance systems. Reference Link
06:26 EDTTM, FStudy shows Toyota and Honda leads in best supplier relations, Reuters says
A new study revealed that Toyota (TM) and Honda (HMC) led automakers with U.S. plants in supplier relations, reports Reuters. According to the study led by Planning Perspectives President John Henke, Toyota led Honda while Ford (F) was a distant third and Nissan (NSANY) came in fourth. General Motors (GM) and Fiat Chrysler (FCAU) were last on the list. Reference Link
May 17, 2015
16:18 EDTTMJapanese carmakers delay Takata restructuring until post-recall, Reuters says
Japanese automakers including Honda (HMC), Nissan (NSANY), and Toyota (TM) are delaying pressure for a restructuring at Takata (TKTDY) until the company ships out a healthy supply of replacement parts, reports Reuters, citing Masaki Higurashi, deputy director of the Japanese trade ministry's auto division. "After all the replacement parts are supplied, the automakers have to decide whether to let Takata stay on as it is... I think the automakers are starting to think about that," added Higurashi. Reuters notes that Takata and the carmakers disagree on whether the most recent round of airbag recalls are necessary, and as a result have not reached an agreement on costs. Reference Link
May 14, 2015
10:27 EDTFDTE Energy partners with Domino's Farms and Ford to build solar arrays
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08:54 EDTFFord says 'poised for breakthrough' year in 2015
Comment made during Ford's annual shareholder meeting.
May 13, 2015
14:11 EDTTMToyota-Mazda partnership to focus on engineering over capital, Nikkei says
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08:11 EDTTMGeneral Motors and Toyota implement Microchip's infotainment networking devices
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06:09 EDTTMToyota and Nissan recall 6.56M vehicles over Takata air bags, WSJ reports
Toyota (TM) and Nissan (NSANY) issued recalls for 6.56M vehicles worldwide over problems with Takata air bags, reports the Wall Street Journal. The companies cited new findings about the risk of moisture seeping inside the devices. The recalls come in addition to 25M vehicles already recalled due to the Takata air bags. Reference Link

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