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Stock Market & Financial Investment News

News Breaks
December 27, 2012
05:37 EDTTMToyota announces $1.1B economic loss settlement for recalls
Toyota Motor North America announced an agreement to resolve economic loss litigation in the U.S. related to previous recalls. If this economic loss settlement is approved, Toyota will launch a new customer-support program that will provide prospective supplemental coverage for certain vehicle components and will retrofit additional non-hybrid vehicle models subject to the floor mat recall with a free brake override system to provide an added measure of confidence. Toyota will offer cash payments to eligible customers who sold or turned-in their leased vehicles in a period during 2009-2010, as well as other specified persons, and to eligible current owners and lessees who will not be offered a free brake override system. Toyota announced that it will take a one-time, $1.1B pre-tax charge against earnings to cover the estimated costs of the economic loss settlement and possible resolution costs of civil litigation brought in California by the District Attorney of Orange County and an investigation by a multi-state group of Attorneys General stemming from previous recalls.
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August 26, 2014
12:01 EDTTMToyota moves forward with planning new Michigan facility
Toyota will move forward with the planning of its new facility on the York Township, Michigan campus of the Toyota Technical Center to accommodate approximately 250 direct procurement positions currently based in Kentucky approval of state and local incentives announced by the Michigan Economic Development Corporation and York Township.
August 21, 2014
07:18 EDTTMChina considering new anti-trust rules for auto sector, China Daily says
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06:26 EDTTMToyota slices China Lexus part costs amid anti-trust worries, Reuters says
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August 20, 2014
20:03 EDTTMFord planning hybrid to compete with Toyota Prius, Reuters reports
Ford (F) is planning to introduce a new hybrid gasoline-electric car in late 2018 to compete against the Toyota (TM) Prius, according to Reuters, citing two sources with knowledge of the company's plans. It will be the company's first "dedicated" hybrid, unlike the hybrid Fusion, which is a variation of an existing gasoline model. Reference Link
09:36 EDTTMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
August 18, 2014
07:37 EDTTMReport says Russia may bar car imports if new sanctions enacted, Reuters says
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