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Stock Market & Financial Investment News

News Breaks
February 28, 2012
13:17 EDTVLKAY, HMC, FIATY, F, TM, NSANY, GMFive Toyota models among Consumer Reports' 2012 Top Picks
Toyota (TM) captured five of the 10 spots on Consumer Reports' Top Picks list, with its Camry Hybrid, Prius hybrid, Highlander and RAV4 SUVs, and Sienna minivan. New picks included the Hyundai Sonata and the redesigned Subaru Impreza; returning models included the Chevrolet (GM) Avalanche, Ford (F) Mustang, and Infiniti (NSANY) G. Reference Link
News For TM;HMC;GM;F;VLKAY;NSANY;FIATY From The Last 14 Days
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June 24, 2015
09:10 EDTFOn The Fly: Pre-market Movers
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06:43 EDTGMGeneral Motors volatility low into downgrade to Neutral from Buy at Goldman
General Motors July call option implied volatility is at 17, August and September is at 19; compared to its 52-week range of 17 to 38, suggesting decreasing price movement into Goldman downgrade to Neutral and lowered its price target to $40 from $47 due to a weakness in China and softening US profit momentum.
06:27 EDTGMGeneral Motors downgraded to Neutral from Buy at Goldman
Goldman downgraded General Motors (GM) to Neutral and lowered its price target to $40 from $47 due to a weakness in China and softening US profit momentum. The firm's recent dealer visits in China indicate increased promotional activity and net price deterioration to support Shanghai GM JV product sales. Goldman said this, combined with margin pressure, will likely lead to a reduction in China guidance. For North America, the firm said Q1 carryover product pressure has extended into Q2 and could be pressured further with full availability of Ford's (F) F-150 heading into 2H 2015.
06:26 EDTFFord upgraded to Buy from Neutral at Goldman
Goldman upgraded Ford to Buy and increased its price target to $19 from $18. The firm expects earnings momentum to accelerate in 2H and into 2016 driven by full production of the new F-150 and further market share gains following the launch of the Super Duty. Goldman expects positive pricing and low levels of relative incentives with its refreshed products. Further, Goldman expects Ford's position in China to continue to improve given strong product launch tempo.
05:40 EDTFFord launches car-share business in six U.S. cities, London, CNBC says
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June 23, 2015
17:44 EDTF, GMGoldman ups Ford to Buy, cuts GM to Neutral
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17:27 EDTFFord upgraded to Buy from Neutral at Goldman
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17:27 EDTGMGeneral Motors downgraded to Neutral from Buy at Goldman
12:05 EDTFFord seeks to migrate driver-assist technologies over product lineup over 5 yrs
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10:57 EDTTMReport: Toyota offices raided by police, Globe and Mail says
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07:53 EDTHMCSenate Commerce, Science & Transportation Committee to hold a hearing
The Committee holds a hearing entitled, "Update on the Recalls of Defective Takata Air Bags and NHTSA’s Vehicle Safety Efforts" with Executive Vice President of Takata, Kevin Kennedy, Sr Vice President of Fiat Chrysler, Scott Kunselman and Executive Vice President of Honda, Rick Schostek on June 23 at 10 am. Webcast Link
June 22, 2015
12:41 EDTGMHyundai nearing sponsorship agreement with NFL, Bloomberg reports
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11:15 EDTGMGM activists not interested in merger with Fiat Chrysler, Financial Times says
General Motors (GM) activist holders have said they will not push for a merger with Fiat Chrysler (FCAU), reports the Financial Times. According to four people familiar with the matter, the activist contingent, which controls about 1.5% of GM shares, is more interested in cutting costs than embarking on a complicated merger transaction. One person close to the hedge funds said the investors believe consolidation makes sense but are unsure "that this particular consolidation makes sense." Reference Link
11:02 EDTGMGeneral Motors to invest $245M at Orion Assembly plant
General Motors said it will invest $245M and add 300 new jobs at its Orion Assembly plant to support launching an all-new vehicle program. "Orion Assembly is a breeding ground for manufacturing innovation,” said Cathy Clegg, GM North America vice president of Manufacturing and Labor Relations. "It serves as a model for how to engage the entire workforce at all levels to achieve success. The plant is up to the challenge of building this brand-new product, something it’s never seen before." Investment in Orion totals $962M since the UAW and GM worked together to reopen the previously idled plant in 2010, the automaker announced in a statement. Today's announcement is a part of the $5.4B GM has announced it will invest in U.S. manufacturing over the next three years. Approximately $3.1B of the $5.4B has been identified, leaving $2.3B to be announced by year end.
09:40 EDTFActive equity options trading on open
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06:57 EDTGMCNH Industrial upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded CNH Industrial (CNHI) to Neutral saying the stock could find support until the potential General Motors (GM) and Fiat-Chrysler (FCAU) merger is resolved. The firm raised its price target for shares to $8.50 from $7.50.
06:35 EDTHMCHonda says links eighth death to Takata airbags, Reuters reports
Honda (HMC) has confirmed that a September 2014 death of a Los Angeles, California, women, has been connected to the rupture of a Takata (TKTDY) airbag inflator, Reuters reported on Friday. This death is the eighth related to the defective airbags. Reference Link
06:08 EDTGM, TMGeneral Motors to add over 243,000 hatcbacks to air bag recall, AP reports
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June 21, 2015
17:34 EDTVLKAYVolkswagen U.S. chief sees limited growth in near-term, Reuters says
In a Reuters interview at the company's U.S. headquarters, Volkswagen Group of America CEO Michael Horn remarked that the company sees "limited growth" in the U.S. over the next two years. Horn added that the company is planning a quicker pace for its SUV releases. Regarding the company's touted sales target of 800,000 annual vehicle sales by 2018, Horn said the 2018 goal "is still a relevant objective... But on the other hand, if you just focus on one year and one number you would do crazy things, so the most important thing is to have a long-term strategy." Reference Link
15:17 EDTVLKAYGestamp plans Tennessee plant to supply Volkswagen, WSJ says
Gestamp plans to open a pressing plant in Chattanooga, Tennessee to supply Volkswagen, reports the Wall Street Journal, citing people familiar with the situation. The report notes that Gestamp will create 500 new jobs at the facility, which will help produce Volkswagen's CrossBlue midsize SUV. Reference Link
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