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Stock Market & Financial Investment News

News Breaks
May 11, 2013
13:13 EDTVLKAY, GM, FWestern car makers losing ground in India, WSJ says
With car buyers in India preferring smaller fuel efficient automobiles, it is much more common to see Asian car brands like Maruti Suzuki and Hyundai than the three big Western manufacturers: Volkswagen (VLKAY), General Motors (GM) and Ford (F), says the Wall Street Journal. Indian sales fell between 16%-20% for the three Western brands in the 12 months ended March, added the Journal. Reference Link
News For VLKAY;GM;F From The Last 14 Days
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September 19, 2014
12:42 EDTFFord recalls 2015 Lincoln MKCs due to windshield glass defect
Ford is recalling certain model year 2015 Lincoln MKC vehicles manufactured August 20, 2013, to June 6. The affected vehicles may have visible air bubbles in the windshield glass. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard No. 205, "Glazing Materials." Air bubbles in the windshield could impact the driver's visibility, increasing the risk of a crash. Ford will notify owners, and dealers will inspect the windshields for air bubbles, replacing them as necessary, free of charge. The recall began in August. Reference Link
08:18 EDTFFord upcoming analyst day first in three years, says UBS
UBS previewed Ford ahead of its first analyst meeting in three years. The firm said they expect the company to give end of decade guidance, to update on global markets, to raise its global margins target, and to reiterate its capital deployment strategy. UBS has a Buy rating and $22 price target on Ford.
07:09 EDTGMGeneral Motors to launch new Cadillac sedan next year, AP reports
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06:31 EDTFFord reduces Cologne manufacturing as EU demand calms, Reuters says
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September 18, 2014
10:02 EDTGMGeneral Motors to recall 3,200 natural gas-fueled vans, WSJ reports
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06:35 EDTVLKAYUAW plans to again negotiate for Volkswagen plant workers in Tennessee, WSJ says
The United Auto Workers union plays to again negotiate for some manufacturing workers at Volkswagen's (VLKAY) Tennessee auto assembly although it was rejected in a February organizing vote, reports the Wall Street Journal. The labor union said roughly 750 workers have joined the recently formed union local in Chattanooga, Tennessee. Reference Link
September 17, 2014
07:37 EDTF, VLKAY, GMEU car registrations up 2.1% in August, up 5.6% in July
The European Automobile Manufacturers Association reported new passenger car registrations were up by 5.6% in July and by 2.1% in August. Eight months into the year, demand for new cars amounted to 8,336,159 units, or 6.0% more than in the same period last year, the group noted. Publicly traded automakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
07:26 EDTGMGM to cut supply, but not prices, as it seeks to revive Cadillac, WSJ says
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September 16, 2014
15:43 EDTFCFPB to propose auto-lending supervision, WSJ says
The Consumer Financial Protection Bureau plans to propose supervising the largest nonbank auto lenders in a step that may impact the auto finance units of Toyota (TM), Ford (F), Honda (HMC) and Nissan (NSANY), says the Wall Street Journal, citing people familiar with the matter. Reference Link
13:09 EDTGMGeneral Motors to add third shift, 750 jobs at Wentzville Assembly plant
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12:19 EDTGMGM ups U.S. mid-sized pickup production, Reuters says
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10:54 EDTFFord, Automatic Labs working together on connected-car solutions
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08:46 EDTF, GMGeneral Motors concerns about Ford's new F-Series are overdone, says Goldman
Goldman believes concerns about Ford's new F-Series impact on General Motors is overdone. The analyst said investors are underestimating F-150 capacity constraints if the launch is successful, which will limit General Motors share loss.
08:16 EDTFStrike at Lear plant that supplies Ford seats ends after one day, AP reports
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07:26 EDTGM, FUltima Media to hold a conference
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07:08 EDTVLKAYToyota Lexus unit questioned regarding parts pricing, Reuters says
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06:54 EDTGMGM's Opel realigns Russian operations
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06:43 EDTGMNHTSA exec knocks GM for distorted recall protocol, Reuters says
The acting administrator of the National Highway Traffic Safety Administration David Friedman said that GM placed its own reputation before customer safety when it did not quickly report and recall vehicles that are now connected to at least 19 deaths, according to Reuters, citing comments from Friedman. Friedman said that he has been meeting with top worldwide car manufactures to develop a "new normal" for safety recall protocol. Reference Link
06:38 EDTGMGM Opel unit to reduce production in Russia, Reuters says
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06:30 EDTVLKAY, F, GMNHTSA chief calls for 'new normal' for recalls, Detroit News reports
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