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Stock Market & Financial Investment News

News For HMC;NSANY;TM;GM;F;VLKAY;AN From The Last 14 Days
Check below for free stories on HMC;NSANY;TM;GM;F;VLKAY;AN the last two weeks.
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July 17, 2014
06:53 EDTGMGM deems some cars with same recalled switch 'safe', Reuters says
Even though GM issued a recall for millions of cars with defected ignition switches, the automobile manufacturer has concluded that over 2M other vehicles with the same switches are safe, according to Reuters, citing comments from GM spokesman Alan Adler. The car models which have not been recalled include fullsize crossovers such as the Buick Enclave and the Chevrolet Traverse manufactured from 2007 to the present. Reference Link
06:44 EDTVLKAYReport says VW in talks to buy Fiat, Reuters says
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06:38 EDTGMGeneral Motors hires outside law firm to review litigation practices, WSJ says
General Motors has hired an outside law firm to review the way it handles litigation, reports the Wall Street Journal. The company's General Counsel Michael Millikin plans to say in a testimony at a Senate hearing Thursday that a "well-respected outside law firm" will conduct a "zero-based review" of his department. Reference Link
05:17 EDTFFord launches product acceleration in Middle East, Africa
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July 16, 2014
18:33 EDTNSANYNissan releases ultralow-budget car in China, Nikkei reports
Nissan Motor released an ultralow-budget passenger car in China to compete directly with local automakers, Nikkei reports. Reference Link
13:05 EDTGMGM sold 2.5M vehicles worldwide in Q2
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09:29 EDTHMCHonda India unit issues recall for 1,338 vehicles, Reuters says
Honda's India division issued a recall for 1,338 vehicles in the country to implement a preventive replacement of the passenger side air bag inflator, according to Reuters, citing an emailed statement from the automobile manufacturer. Reference Link
09:02 EDTGMGeneral Motors volatility low into testimony at Senate hearing
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08:00 EDTFFord added to US Key Calls List at UBS
UBS added Ford to its Key Calls List after its recent survey raised its confidence in the success of the F-150 product launch. The survey showed good reception and that buyers were willing to pay a premium above the firm's estimates. UBS said shares are trading well below its long-term OEM average multiple and maintains its Buy rating and $23 price target on Ford.
06:35 EDTHMCAcura aims for boost from new TLX vehicle in U.S., Bloomberg says
Honda’s U.S. senior vice president who leads the Acura brand, Mike Accavitti, said the brand has scrambled to raise U.S. deliveries amid competition from larger luxury vehicles and expects it to experience quicker growth starting in August with the arrival of the new mid-size TLX, according to Bloomberg, citing comments from Accavitti. Reference Link
06:31 EDTGMDocuments show GM hid defect from regulators, NY Times reports
Documents indicate that GM knew at least three fatal crashes were caused by its faulty ignition switches, but failed to tell regulators that when asked about the cause of the accidents, according to The New York Times. Reference Link
06:29 EDTGMSenators turn scrutiny towards GM General Counsel, WSJ reports
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06:19 EDTGM, FFord, GM, Chrysler not interested in Tesla patents, Detroit News says
Ford (F), General Motors (GM), and Chrysler (FIATY) either have little interest in Tesla's (TSLA) EV patents or the companies are not sharing their plans, reports the Detroit News. Reference Link
July 15, 2014
17:45 EDTGMGeneral Motors shares should climb 30%, Barron's says
GM shares look inexpensive at current prices and shares should climb over 30% in the next year, Barron's contends in its "Ahead of the Crowd" column. Reference Link
17:35 EDTFGoogle confirms Alan Mulally appointment to board
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16:15 EDTFGoogle appoints ex Ford CEO Alan Mulally to board, CNBC says
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09:14 EDTVLKAYVW CEO aiming for $6.8B in savings to boost profitability, Bloomberg says
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07:57 EDTVLKAYVolkswagen says new midsize SUV to be produced in Chattanooga, TN
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06:38 EDTGMGeneral Motors, VocallQ looking to develop voice-control systems, WSJ reports
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06:27 EDTTM, F, GM, NSANY, HMC, VLKAYAutomakers backing U.S.-EU trade deal, NY Times reports
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