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Stock Market & Financial Investment News

News Breaks
February 28, 2013
11:32 EDTVLKAY, GM, F, TM, NSANY, HMC, ANU.S. auto sales near pre-recession levels on low financing, Bloomberg says
U.S. auto sales are near pre-recesion levels on attractive financing as U.S. light-vehicle sales probably climbed 3.7% in February to 1.19M, the average estimate of 10 analysts in a Bloomberg survey, reports Bloomberg. Reference Link
News For VLKAY;GM;F;TM;NSANY;HMC;AN From The Last 14 Days
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May 24, 2013
06:31 EDTGMChevrolet selling Cruze Clean Turbo Diesel in U.S., Detroit News says
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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
08:53 EDTFPacer to benefit from improving auto industry, says BB&T
After U.S. automakers Ford (F) and Chrysler indicated that they would curtail their summer production breaks, BB&T expects Pacer (PACR) to benefit from a rebounding auto sector, as about 40% of its revenue comes from the sector, according to the firm. BB&T keeps a Buy rating on the stock.
05:54 EDTNSANYNissan to recall 841,000 vehicles for steering wheel problem, Reuters reports
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May 22, 2013
19:49 EDTFFord to close factory, plant in Australia, News Limited reports
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12:17 EDTGMGM to bring apps to some autos, Cnet reports
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11:06 EDTF, GMAuto 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.
10:56 EDTHMCHonda aircraft unit launches fifth jet prototype, WSJ says
Honda Motor’s aircraft unit moved closer to FAA certification of its light-jet design as it began flight testing its fifth HondaJet aircraft, said The Wall Street Journal. The Journal noted growing interest in light aircraft among an audience that previously did not consider them feasible. Reference Link
07:46 EDTFFord shares could rise 50% over next two years, Barron's says
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05:36 EDTFFord raises N American capacity by 200K units, reduces summer shutdown, adds jobs
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May 21, 2013
16:04 EDTFOptions Update; May 21, 2013
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09:33 EDTFBloomberg LINK to host a summit
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07:32 EDTGMCTIA–The Wireless Association to host a conference
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06:17 EDTF, GMDetroit 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 EDTF, GM, VLKAYImported car prices in China decline, Bloomberg reports
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05:35 EDTFFord Fusion Energi earns top vehicle safety rating from NHTSA
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May 19, 2013
14:28 EDTNSANYNissan expands in Japan minicar market, Bloomberg reports
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May 17, 2013
16:00 EDTFOptions Update; May 17, 2013
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