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Stock Market & Financial Investment News

News Breaks
January 15, 2014
05:52 EDTTM, HMC, FIATY, F, VLKAY, DDAIF, GM, NSANY, MZDAFNorth American auto factories to build 1M more vehicles a year, WSJ reports
As a result of strong demand for new cars in North America, new factories in the region will begin to manufacture a million or more vehicles over the next number of years, reports the Wall Street Journal. But that poses a serious risk for auto makers who face losses if their factories are running below 80%. Reference Link
News For VLKAY;HMC;NSANY;F;TM;GM;FIATY;MZDAF;DDAIF From The Last 14 Days
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February 26, 2015
10:39 EDTHMC, MZDAF, NSANY, TM, GM, FOrbital ATK selected by 10 automakers to investigate Takata airbags
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06:42 EDTGMGeneral Motors to stop making cars in Indonesia, Reuters says
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February 25, 2015
10:01 EDTDDAIFOn The Fly: Analyst Upgrade Summary
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07:20 EDTVLKAY, DDAIFVolkswagen CEO views Renschler, Diess as possible successors, Reuters reports
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06:33 EDTTMToyota says union salary demands 'impossible,' Reuters reports
Toyota said today that it would not be able to meet union demands for a $112 increase in monthly pay, according to Reuters. The statement came at the end of the first day of the company's talks with worker representatives, the news service stated. Reference Link
05:58 EDTDDAIFDaimler AG upgraded to Outperform from Neutral at Credit Suisse
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February 24, 2015
13:13 EDTVLKAY, TM, GM, HMCTesla Model S named 'best overall' by Consumer Reports
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11:36 EDTFFord to hold a conference call
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05:09 EDTFFord launches training program at Kansas City plant to support F-150 production
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February 23, 2015
10:40 EDTGMGM ignition-switch deaths increase to 57, WSJ says
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06:24 EDTGMGeneral Motors to legally challenge worker strike in Brazil, WSJ reports
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06:03 EDTHMCHonda says Takanobu Ito to step down as CEO, Takahiro Hachigo named new CEO
Takanobu Ito is stepping down as president and CEO of Honda, the company announced in a press release. Takahiro Hachigo, Honda's managing officer, will take over as president and CEO in June.
February 22, 2015
14:20 EDTGMUAW chief says GM buyback proposal too much, premature, Reuters says
Dennis Williams, the president of the UAW, said that an investor group’s proposal that GM buy back $8B of its stock is premature, and the amount too high for the company’s long-term health, says Reuters. The UAW indirectly controls the largest single block of General Motors shares, added Reuters. Reference Link
February 20, 2015
08:11 EDTGMAlly CEO exploring subprime lending, sees loss of GM business, Detroit News says
Ally (ALLY) CEO Jeffrey Brown stated in a Thursday interview with The Detroit News that the company may return to offering credit cards and home mortgages, and currently plans to expand auto lending to subprime customers. The CEO said he expects to decide within 30-60 days whether Ally will consolidate its five locations to a single headquarters in the Detroit suburbs. Brown added that he expects GM (GM) to shift its $4.1B subsidized leasing program for Chevrolet from Ally to GM Financial, which the Ally CEO wants to offset by increasing subprime lending from 9% of total lending to 12%-15%. Reference Link
07:30 EDTHMCHonda cuts production by another 5,000 due to U.S. port strikes, Reuters says
Honda Motor Co stated it will lower production at two factories in Indiana and Canada from February 24 to March 2 due to a parts shortage brought on by continuing U.S. port strikes, reports Reuters, citing a Honda spokesperson. Total output loss for the two factories -- which mainly produce Civics -- will be roughly 5,000 cars, while total output loss for the company from February 16 to 23 will be roughly 20,000 cars. The spokesperson said supply will be "a little bit better next week" due to air deliveries. Reference Link
07:04 EDTGMAlly CEO assuming company will lose all of GM's leasing business, Reuters says
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06:41 EDTGMApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
06:06 EDTGMGeneral Motors names Craig Glidden as new general counsel
General Motors (GM) announced yesterday that Craig B. Glidden has been appointed executive VP and general counsel, effective March 1. Glidden will lead a team of staff attorneys who are integrated into all of GM’s regional and functional teams in more than 30 countries. Glidden succeeds Michael Millikin, who is retiring in July after a nearly four-decade legal career, including five years as GM’s general counsel. Before joining GM, Glidden was executive VP and chief legal officer for LyondellBasell Industries (LYB).
February 18, 2015
11:20 EDTNSANYNissan upgraded to Buy from Neutral at UBS
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06:38 EDTTM, FIATY, F, VLKAY, NSANY, HMC, GMCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
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