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Stock Market & Financial Investment News

News Breaks
April 23, 2012
10:43 EDTTM, GM, NSANY, JCI, AONEHybrid, electric vehicle sales jumped in Q1, Automotive News says
U.S. sales of hybrids, plug-in hybrids, and electric vehicles jumped 44% year-over-year in Q1, according to Automotive News. Hybrids accounted for most of those sales, but sales of Nissan's (NSANY) electric vehicle, the Leaf, quadrupled year-over-year, the publication noted. Reference Link
News For TM;GM;NSANY;JCI;AONE From The Last 14 Days
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May 23, 2013
13:16 EDTGMGM to sell electric vehicle for less than $20,000, Automotive News says
GM (GM) will sell its Chevrolet Spark, a small electric vehicle, for less than $20,000 after a $7,500 federal tax credit is applied, according to Automotive News. The company will sell the vehicle in some markets in California and Oregon by the middle of next month, the website quoted the company as saying. Reference Link
05:54 EDTNSANYNissan to recall 841,000 vehicles for steering wheel problem, Reuters reports
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May 22, 2013
12:17 EDTGMGM to bring apps to some autos, Cnet reports
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11:06 EDTGM, JCIAuto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80.
May 21, 2013
07:32 EDTGMCTIA–The Wireless Association to host a conference
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06:17 EDTGMDetroit automakers rebound as style sells, Bloomberg reports
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May 20, 2013
15:11 EDTGMGM marketing push set for new pickups, Reuters says
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08:59 EDTGMGeneral Motors price target raised to $43 from $34 at Argus
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06:01 EDTGMImported car prices in China decline, Bloomberg reports
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May 19, 2013
14:28 EDTNSANYNissan expands in Japan minicar market, Bloomberg reports
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May 17, 2013
10:17 EDTGMGM jumps above IPO level after CLSA boosts rating
Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today.
10:07 EDTGMOn The Fly: Analyst Upgrade Summary
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05:39 EDTGMGeneral Motors upgraded to Buy from Underperform at CLSA
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May 16, 2013
05:55 EDTGMPickup truck sales are booming, WSJ reports
Pickup truck buyers are no longer on the sidelines as they return to dealer showrooms, offering millions of dollars in profit and potentially lifelong brand loyalty to Ford (F), GM (GM) or Chrysler Group (FIATY) and rivals, reports the Wall Street Journal. Sales of large pickups are up 20% for the first four months of this year compared with a year ago, bigger gains than in small cars or midsize cars, according to Autodata CorpReference Link
May 15, 2013
16:02 EDTJCIJohnson Controls names Kim Metcalf-Kupres CMO
Johnson Controls announced that Kim Metcalf-Kupres has been elected to the newly-created position of VP and chief marketing officer. She will report to Alex Molinaroli, vice chairman.
May 14, 2013
15:50 EDTTMToyota class-action settlement could cover 22M former owners, Detroit News says
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13:38 EDTGMFord, GM get high marks in consumer survey, Automotive News says
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10:32 EDTGM, NSANYGM to source small cargo vehicle from Nissan for U.S., Canada markets
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07:00 EDTGMGM to spend $258M on new proving ground data center, Detroit News says
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06:12 EDTNSANY, GMAudi sales growth surges in China, Bloomberg reports
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