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Stock Market & Financial Investment News

News Breaks
February 5, 2013
06:17 EDTTMToyota raises FY13 net income outlook to 860B yen from 780B yen
Raises FY13 revenue outlook to 21.8T yen from 21.3T yen. Toyota revised its consolidated vehicles sales forecast for fiscal year 2013 from 8.75M units to 8.85M units, an increase of 100,000 units from the previous forecast announced in November 2012, due to the increased overseas vehicle sales, mostly in North America. The company said, "Given increased overseas vehicle sales mostly in North America, progress in our companywide profit improvement activities and the slight weakening of the yen, we have revised upwardly our consolidated forecast for the current fiscal year to 1.15 trillion yen and also forecast a full-year profit on an unconsolidated basis, our first in five years."
News For TM From The Last 14 Days
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November 25, 2014
06:35 EDTTMJapanese ministry urging automakers to speed up air bag recalls, Reuters says
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November 21, 2014
10:32 EDTTMToyota to recall 422K Lexus models for possible fuel leak, Reuters reports
Toyota is recalling 422.5K Lexus models due to possible fuel leaks that increase the risk of fire, Reuters reports. The models include 2007-2010 Lexus LS, 2006-2011 GS and 2006-2011 IS. Reference Link
08:14 EDTTMHonda warned Takata on airbags years before recalls, WSJ reports
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November 20, 2014
07:57 EDTTMIIHS crash tests results for minivans 'one of the worst', CNBC says
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07:11 EDTTMBofA/Merrill to hold a conference
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November 19, 2014
06:51 EDTTMRegulators push automakers for wider airbag recall, NY Times says
The National Highway Traffic Safety Administration urged automakers to recall all U.S. vehicles with airbags made by Takata, according to The New York Times. The recall of of vehicles with the airbags has been limited to two states and two territories associated with high humidity, the newspaper stated. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
November 18, 2014
17:37 EDTTMNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
06:46 EDTTMToyota to sell fuel cell car in Japan in December, Reuters says
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November 17, 2014
12:59 EDTTMToyota experimenting with driverless car technology, Nikkei reports
Toyota is working on driverless car technology at its U.S. research centers in a move to develop "self-judging" vehicles that can avoid traffic accidents, the Nikkei reports. Reference Link
November 16, 2014
19:58 EDTTMJapan's GDP contracts 1.6% in third quarter, WSJ says
Japan's economy has slumped into a recession in the third quarter as a sales tax increase resulted in firms cutting inventory and capital investment, says the Wall Street Journal. According to the Wall Street Journal report, Japan's real GDP in Q3 retreated 1.6% on an annualized basis against a median forecast for a 2.25% expansion. The setback in the country's growth will likely result in Prime Minster Shinzo Abe postponing a second sales tax increase, added the Wall Street Journal. Reference Link

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