New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 23, 2012
10:43 EDTTM, NSANY, AONE, GM, JCIHybrid, 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
January 28, 2015
07:54 EDTGMGM considering new rugged SUV to compete with Jeep Wrangler, WSJ says
GM (GM) is considering adding a rugged SUV to its GMC lineup allowing it to compete with Fiat Chrysler's (FCAU) Jeep Wrangler, reports the Wall Street Journal, citing several people briefed on the matter. GM executives told dealers the hypothetical vehicle would borrow cues from Hummer. GM has not green-lit the project yet and the car is still in discussion stages. Reference Link
January 27, 2015
07:21 EDTGM, NSANY, TMDEA using license-plate readers to spy on cars, WSJ reports
The Drug Enforcement Administration has been running a license-plate tracking program that has built a national database that enables it and other law enforcement agencies to track the movement of vehicles around the U.S., according to The Wall Street Journal, citing current and former officials and government documents. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
January 26, 2015
15:44 EDTNSANYKCP&L plans to install, operate 1,000 electric vehicle charging stations
Subscribe for More Information
January 23, 2015
10:54 EDTGMGoodyear Tire recalls 48,500 SUV tires after finding small tread cracks, AP says
Subscribe for More Information
08:03 EDTJCIBrookfield acquires remaining 50% interest in JV with Johnson Controls for $200M
Brookfield Asset Management (BAM) announced that it has reached an agreement to acquire the other 50% of its Canadian and Australian facilities management businesses from Johnson Controls (JCI) for approximately $200M. This acquisition will facilitate a merger with its wholly owned businesses in the Middle-East and South America as part of a broader plan to create the leading global facilities management business. With the termination of its joint venture agreements with Johnson Controls, Brookfield will immediately launch its facilities management businesses in scale in the United States and Europe, building on client relationships across its 340M square feet property portfolio.
07:28 EDTGMGeneral Motors has too much capital on balance sheet, Bass says
Subscribe for More Information
January 22, 2015
10:07 EDTGMGM invests $300M to upgrade plant for new Cadillac sedan, Reuters reports
GM has invested $300M to upgrade and automate its Detroit-Hamtramck plant ahead of the launch of the 2016 Cadillac CT6 luxury sedan, reports Reuters. The investment includes the construction of a new body shop equipped with 205 robots and designed to use advanced manufacturing techniques as aluminum laser welding. Reference Link
07:20 EDTGMGM bringing Spark electric vehicle to Maryland by June, WSJ says
General Motors will start selling its Spark EV in Maryland by late June, reports the Wall Street Journal. The state joins California and Oregon in offering the $17,845 electric-only car, which can travel 119 miles per charge. Official GM announcements are expected at the upcoming Washington D.C. auto show. Reference Link
07:08 EDTJCIJohnson Controls agrees to form joint venture with Hitachi
Johnson Controls (JCI), Hitachi (HTHIY) and Hitachi Appliances have signed a definitive agreement on January 21 to form a previously announced global joint venture that will bring customers world-class variable refrigerant flow technology, as well as room air conditioners and absorption chillers to meet increasing demands for energy efficient air conditioning options. The Johnson Controls-Hitachi joint venture is expected to have 2016 sales of approximately $3.0B. The formation of the joint venture is expected to close in the fourth quarter of fiscal 2015, pending regulatory approvals.
07:07 EDTJCIJohnson Controls backs FY15 EPS view $3.55-$3.70, consensus $3.60
Subscribe for More Information
07:06 EDTJCIJohnson Controls sees Q2 EPS 74c-76c
Subscribe for More Information
07:06 EDTJCIJohnson Controls reports Q1 EPS ex-items 79c, consensus 77c
Subscribe for More Information
January 21, 2015
20:11 EDTJCIJohnson Controls, Hitachi to form global HVAC joint venture
Johnson Controls (JCI), Hitachi, Ltd. (HTHIY) and Hitachi Appliances entered into a definitive agreement for their global joint venture while at the World Economic Forum in Davos, Switzerland. Through the agreement, Johnson Controls will obtain a 60% ownership stake in Hitachi Appliances' more than $2.6B global air conditioning business, excluding sales and service operations in Japan. The Johnson Controls-Hitachi joint venture will bring customers a full range of air conditioning products, including variable refrigerant flow technology, inverter technology based room air conditioners and absorption chillers – on top of existing Johnson Controls products that meet global customer demands.
19:18 EDTTM, NSANY, GMLower oil prices could boost car and truck sales, CNBC reports
Subscribe for More Information
15:27 EDTJCINotable companies reporting before tomorrow's open
Subscribe for More Information
13:54 EDTGMJPMorgan could lose $1.5B as a result of 2008 error, Reuters says
Subscribe for More Information
13:53 EDTTM, GM, NSANYGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
January 20, 2015
12:51 EDTTMToyota sees 2015 global sales dropping to about 10.15M units, Nikkei says
Subscribe for More Information
08:59 EDTGMGM receives 108 new ignitition claims, $400M earmarked for cases, Reuters says
Subscribe for More Information
January 16, 2015
06:29 EDTGMJudge rules GM lawyer notes protected by attorney-client privilege, Reuters says
U.S. District Judge Jesse Furman ruled that plaintiffs’ lawyers suing General Motors could not access notes prepared by the company's lawyers, to prepare an internal report on the ignition-switch flaw, due to those notes being protected under attorney-client privilege, reports Reuters. Reference Link
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use