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Stock Market & Financial Investment News

News For HMC;VLKAY;TM;F;NSANY;GM From The Last 14 Days
Check below for free stories on HMC;VLKAY;TM;F;NSANY;GM the last two weeks.
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May 17, 2013
16:00 EDTFOptions Update; May 17, 2013
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10:17 EDTGMGM jumps above IPO level after CLSA boosts rating
Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today.
10:07 EDTGMOn The Fly: Analyst Upgrade Summary
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07:39 EDTVLKAYEU auto sales move into posiitve teritory, FT reports
Auto sales in the European Union in April ended an 18-month losing streak, as hopes are raised that the market’s decline in the continent had finally begun to slow, reports the Financial Times. New registrations in the EU were up 1.7% compared with the same month a year ago, helped by gains in the German and U.K. markets, Europe’s largest by sales.Reference Link
05:39 EDTGMGeneral Motors upgraded to Buy from Underperform at CLSA
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May 16, 2013
12:36 EDTFFord sued over alleged engine defects, Automotive News says
Three vehicle owners are suing Ford over alleged defects in the automaker's six-cylinder EcoBoost engine.according to Automotive News. The plaintiffs allege that the engine had defects that caused the vehicle to "shake, misfire and rapidly lose power," the website stated. Reference Link
10:03 EDTFOn The Fly: Analyst Upgrade Summary
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08:16 EDTFFord upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Ford following checks that indicate European production has bottomed, which removes an overhang. The firm believes investors will focus on strong North American results and an improved balance sheet. Price target raised to $18 from $15.
05:55 EDTGM, FPickup truck sales are booming, WSJ reports
Pickup truck buyers are no longer on the sidelines as they return to dealer showrooms, offering millions of dollars in profit and potentially lifelong brand loyalty to Ford (F), GM (GM) or Chrysler Group (FIATY) and rivals, reports the Wall Street Journal. Sales of large pickups are up 20% for the first four months of this year compared with a year ago, bigger gains than in small cars or midsize cars, according to Autodata CorpReference Link
May 15, 2013
06:57 EDTFEU to investigate Spain grant to Ford, Reuters reports
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06:50 EDTHMCHonda to manufacture Acura NSX in Ohio plant, Detroit News says
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06:42 EDTFFord expands in Russia with new $247M engine plant, Detroit News says
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May 14, 2013
15:50 EDTTMToyota class-action settlement could cover 22M former owners, Detroit News says
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13:38 EDTF, VLKAY, GMFord, GM get high marks in consumer survey, Automotive News says
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11:33 EDTFFord Sollers to build $274M engine plant in Tatarstan
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10:32 EDTNSANY, GMGM to source small cargo vehicle from Nissan for U.S., Canada markets
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07:00 EDTGMGM to spend $258M on new proving ground data center, Detroit News says
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06:12 EDTGM, NSANY, VLKAYAudi sales growth surges in China, Bloomberg reports
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May 13, 2013
12:55 EDTNSANYNissan CEO looking to double U.S. sales by 2017, Automotive News says
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11:03 EDTHMCHigh option volume stocks: HMY PERI CSIQ HMC ACT
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