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Stock Market & Financial Investment News

News Breaks
March 18, 2013
06:14 EDTVLKAY, GM, TMVolkswagen leads rivals in profitability worldwide, Bloomberg reports
Volkswagen (VLKAY), which wants to become the world’s biggest car maker and a leader in profitability by 2018, reported record operating income of $15B last year. That was greater than GM's (GM) $7.9B and Toyota Motor's (TM) $11.1B, reports Bloomberg. But this year things will be tighter and may come down to currency fluctuations.Reference Link
News For VLKAY;TM;GM From The Last 14 Days
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January 30, 2015
12:43 EDTGMGeneral Motors weekly volatility elevated into Q4 and outlook
General Motors February weekly call option implied volatility is at 39, February is at 31, March is at 29, June is at 25; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 4.
08:26 EDTGMGeneral Motors to suspend Russian plant from March to May, Reuters says
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January 29, 2015
07:43 EDTGM General Motors weekly volatility elevated into Q4 and outlook
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January 28, 2015
18:35 EDTGMGM rejects request to extend deadline for victims fund, Bloomberg reports
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14:27 EDTGMGeneral Motors weekly volatility elevated into Q4 and sales guidance
General Motors February weekly call option implied volatility is at 36, February and March is at 28, June is at 25; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 4.
13:37 EDTTMToyota to recall about 52,000 model year 2011-2012 Avalon sedans
Toyota Motor Sales, U.S.A. announced plans to conduct a safety recall of approximately 52,000 Model Year 2011-2012 Avalon sedans. In the involved vehicles, cargo could contact one of the audio system subwoofer wires located inside the trunk, and move the wire out of its normal position. If one of these wires contacts the metal frame of the subwoofer, it may result in an intermittent short circuit. If this occurs, the subwoofer could overheat, increasing the risk of a fire. Toyota is not aware of any crashes, injuries, or fatalities caused by this condition. Owners of the involved vehicles will receive a notification by first class mail. Toyota dealers will provide a repair for the audio system. Until the remedy is available, as a precaution, Toyota dealers will disconnect the rear subwoofer.
07:54 EDTGMGM considering new rugged SUV to compete with Jeep Wrangler, WSJ says
GM (GM) is considering adding a rugged SUV to its GMC lineup allowing it to compete with Fiat Chrysler's (FCAU) Jeep Wrangler, reports the Wall Street Journal, citing several people briefed on the matter. GM executives told dealers the hypothetical vehicle would borrow cues from Hummer. GM has not green-lit the project yet and the car is still in discussion stages. Reference Link
January 27, 2015
10:24 EDTVLKAYAudi, Volkswagen, Porsche recall 27,000 cars for fuel leaks, AP says
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07:21 EDTGM, TM, VLKAYDEA using license-plate readers to spy on cars, WSJ reports
The Drug Enforcement Administration has been running a license-plate tracking program that has built a national database that enables it and other law enforcement agencies to track the movement of vehicles around the U.S., according to The Wall Street Journal, citing current and former officials and government documents. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
January 25, 2015
16:46 EDTVLKAYVolkswagen's Audi recalling 80K vehicles, Reuters says
Volkswagen is recalling 80,000 vehicles from its Audi luxury division for problems with the fuel injection system, says Reuters. The car maker said that 35,000 of the affected vehicles are in China, added Reuters. Reference Link
January 23, 2015
10:54 EDTGMGoodyear Tire recalls 48,500 SUV tires after finding small tread cracks, AP says
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07:28 EDTGMGeneral Motors has too much capital on balance sheet, Bass says
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January 22, 2015
10:07 EDTGMGM invests $300M to upgrade plant for new Cadillac sedan, Reuters reports
GM has invested $300M to upgrade and automate its Detroit-Hamtramck plant ahead of the launch of the 2016 Cadillac CT6 luxury sedan, reports Reuters. The investment includes the construction of a new body shop equipped with 205 robots and designed to use advanced manufacturing techniques as aluminum laser welding. Reference Link
07:20 EDTGMGM bringing Spark electric vehicle to Maryland by June, WSJ says
General Motors will start selling its Spark EV in Maryland by late June, reports the Wall Street Journal. The state joins California and Oregon in offering the $17,845 electric-only car, which can travel 119 miles per charge. Official GM announcements are expected at the upcoming Washington D.C. auto show. Reference Link
January 21, 2015
19:18 EDTGM, TM, VLKAYLower oil prices could boost car and truck sales, CNBC reports
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13:54 EDTGMJPMorgan could lose $1.5B as a result of 2008 error, Reuters says
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13:53 EDTGM, TMGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
January 20, 2015
12:51 EDTVLKAY, TMToyota sees 2015 global sales dropping to about 10.15M units, Nikkei says
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08:59 EDTGMGM receives 108 new ignitition claims, $400M earmarked for cases, Reuters says
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