Related Blog Posts from the Wikinvest Wire

Thursday, May 2, 2013 The stock market today will likely see a partial reversal of Wednesday’s sell-off, with the interest rate cut by the European Central Bank (ECB) as a key contributor to the swing. But even more significant than the long-expected ECB decision is the persistent market behavior where investors view every sell-off as a [...]

After being beaten out by the more expensive Tesla (NASDAQ: TSLA) Model S, GM's (NYSE: GM) Chevy Volt will see some improvements...

General Motors Company (GM) and its arch rival Ford Motor Co. (F) have joined hands in developing nine- and ten-speed automatic transmissions in order to save development costs and meet fuel economy standard mandated by the U.S. government. Further, the collaboration will help both the companies quickly launch the transmissions into many of their new [...]

Tenneco Inc. (TEN) announced that its ride performance and clean air technologies will be deployed in General Motors Company’s (GM) 2013 Chevrolet Malibu and Malibu Eco sedan. Tenneco will be supplying the engineering and manufacturing resources for the launch of Malibu in different global markets. Tenneco is a global supplier of General Motors and supports the [...]

General Motors (GM) announced plans to invest $332 million in four plants in three Great Lakes states in order to gain competitive advantage in terms of fuel-efficient engines and transmission systems technologies. The plants are located in Toledo, Ohio; Bedford, Ind.; and Flint and Bay City in Mich. The investment at the plant will help GM [...]

GM (NYSE: GM) is manufacturing its next generation of electric vehicles in South Korea, and two could have ranges between 100 and 200 miles...

General Motors Company ( GM ) plans to open a new information technology (“IT”) innovation center in the Phoenix suburb of Chandler in order to support all its information technology needs, including Web technologies, dealer and factory systems, and new vehicle technology. The Phoenix center will be the fourth IT center for GM aimed at [...]

We are finally seeing signs of life in this critical U.S. industry. Rocked by overspending, hubris and economic crisis, this once mighty segment of the economy was reduced to a mere shadow of itself.  Fortunately, things are quickly changing for the better in this nearly left-for-dead sector. In fact, January 2013 was the industry's best January since [...]

It seemed unthinkable at the time, but the writing was on the wall… In 2009, General Motors (NYSE: GM) filed for bankruptcy protection, becoming the fourth-largest bankruptcy in U.S. history. The company only had $82.29 billion in assets to cover its $172.81 billion debt. Even an almost $30 billion bailout by the federal government couldn't save the [...]

According to the China Association of Automobile Manufacturers (CAAM), vehicle sales in China grew 4.3% to 19.3 million units in 2012, including a 7.1% gain in December to 1.8 million units. Despite being higher than the 2011-level of 2.5%, sales growth is lower than the 8% growth projected by CAAM as well as the double-digit [...]

General Motors Company (GM) announced that it will invest around $18.5 million for a new technology center in the Roswell building, located in Fulton County, GA, U.S. The technology center is expected to create employment opportunity for 1,000 workers in the region. The building was formerly used by United Parcel Service Inc. (UPS) as an information [...]

Every year in early January they run the Dakar Rally which has actually been in South America for the last few years due to the safety of the participants having been threatened in the middle of the previous decade. It is on the NBC Sports Network (formerly Versus, formerly OLN) in the middle of the night so it is a DVR situation. This is a great event to watch and every year I write about the same subject as a parallel to investing about using the wrong tool for the job. For as long as...

General Motors Company (GM) decided to recall 145,628 units of mid-sized pickup trucks across its global markets because their hoods can open unexpectedly and obstruct the driver’s view, increasing the risk of a crash. The recall would involve Chevrolet Colorado and GMC Canyon midsize trucks from 2010–2012 model years. It will include 118,800 trucks in the [...]

A couple of days ago I posted my annual wrong tool for the job post in relation to the modified Hummer H3 that NASCAR driver Robby Gordon enters into the Dakar Rally every year. I mentioned he had problems on day one and as you can see from the above picture, stage 4 didn't go so well either and he is now six hours off the lead. In addition to the wrong tool there are no doubt several behavioral parallels that could be drawn as well. A family obligation in Phoenix last night altered my...

Now that the presidential election is over, say the supporters of this salmon. I suppose. Huge multinational ag companies and food companies were busy doing the smear campaign to successfully defeat California's GMO labeling proposition. The AquAdvantage salmon by AquaBounty Technologies contains genes from two different fish so that the growth hormone is produced all year round, instead of just during warm weather. From New York Times (12/21/2012): Engineered Fish Moves a Step Closer to...

General Motors Company (GM) idled the Fairfax, Kansas plant on December 3 in order to control oversupply of Chevrolet Malibu midsize sedan manufactured at the plant. On December 1, the automaker had a 164-day supply of Malibu, which was well over the benchmark level. The plant, which also produces Buick LaCrosse, will not be reopened until [...]

I can think of a million reasons to stay away from GM, but none of them are technical.This has a very nice chart with well defined support and resistance, a decently strong price relative line, and a big gap up today on big volume. It did form the dreaded black candle today, but that is not always the kiss of death and this could easily keep moving up. This is not in a lng term up trend, as evidenced by the flat 200dma, but it is also no longer in a down trend. I'm not the type to invest in a...

These are the industries with 75% or more of their stocks advancing today.  These are the industries with 20% or more of their stocks making new highs. Auto manufacturers - major is a 9 stock group that is otherwise one I would be ignoring, but is is common to both lists today, and had one notable breakout yesterday, TM, and another one today, GM. This is a historically weak group that seems to get hit pretty hard during market corrections, and has not bounced back very strongly from...

General Motors Company (GM) plans to expand its dealerships in Indonesia and Thailand in order to tap growth opportunities in the two markets with rising income levels. The company’s head of Southeast Asian operations, Martin Apfel, revealed that the company plans to increase the number of dealerships to 55 from 35 in Indonesia and to [...]

TORONTO (Reuters) - New vehicle sales at Ford Motor Co of Canada (NYSE:F - News) and Chrysler Canada made big gains in November, lifted by strong demand for passenger cars, while General Motors Co (NYSE:GM - News) sales declined. Ford, which retained its rank as Canada's top-selling automaker, said total vehicle sales rose 7.4 percent [...]

As technology advances, consumers expect the batteries to advance too. So the Energy Department is investing $120 million to make that happen...

By Darcy Leutkemeyer General Motors’s eco-friendly vehicles are becoming good friends with American drivers. GM saw an impressive 10 percent increase in sales in August 2012, Auto World News and Inside Line report, with much credit due to the lineup of eco-friendly cars and SUVs. Inside Line notes the eco-conscious Chevrolet Volt, Cruze, Sonic and Spark had the best sales ever, with the Volt breaking a record with an 837 percent increase over the previous August. An eco-friendly...

GM's (NYSE: GM) new all-electric Chevy Spark is expected to be a "top performer" and cost less than competitors...

Old EV batteries still have 70% of their power potential. GM (NYSE: GM), ABB (NYSE: ABB), and Duke Energy (NYSE: DUK) want to put this to use...

Next up in our notes from Invest For Kids Chicago is Frank Brosens of Taconic Capital. Brosens' Thesis on the 'New' General Motors •    There are 3 catalysts for the repricing of GM •    (1) New management team  o    Better capital allocation since going public in November 2010 with new CEO Dan Akerson (Private equity background) o    Better capital allocation will lead to resurgence •    (2) Administration willing to sell post election o    Treasury stake (mid...

The preliminary figures for vehicle sales in September are out and they were not as good as the August numbers. Sales were flat for Ford Motor (NYSE: F) and sales at General Motors (NYSE: GM) were only up 1.5%. Sales at Chrysler, majority-owned by Italy's Fiat S.p.A. ADR (NASDAQOTH: FIATY.PK), motored ahead in September at a 12% rate. The most interesting aspect of the sales figures for Detroit's Big 3 is the fact that all three companies boasted about their fast-growing sales of smaller...

(Reuters) - General Motors Co is recalling about 41,000 Chevrolet, Pontiac and Saturn cars in the United States because of concerns that a defective plastic part might cause a fuel leak, according to the National Highway Traffic Safety Administration. GM's latest move follows the company's recall of 473,841 Chevrolet, Pontiac and [...]

The Chevy Volt's huge discount is just one of the things helping sales improve...

When one thinks of American automobiles, General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) are probably the top two names on the list that comes to mind. With a long running, and sometimes, not so friendly rivalry between the two companies, it's hard not to think of these two first. Now, General Motors Company (NYSE:GM) [...]

Reuters) - Selling or otherwise divesting its money-losing Opel unit in Europe is General Motors Co's best option, a Wall Street analyst said on Thursday. Morgan Stanley analyst Adam Jonas said in a research note that losses in Europe do not seem to be nearing an end and exiting Opel, while costly upfront, [...]

Light vehicle sales in the U.S. in August improved 19.9% to 1.29 million vehicles, which is the highest monthly figure for any August since 2007. According to Autodata Corp., seasonally adjusted annual rate (SAAR) during the month was 14.52 million vehicles, up 16% from the year-ago level. The key factors that drove auto sales during the [...]

Courtesy of Benzinga. Apple (NASDAQ: AAPL) has filed a [...]

The sales of the three major car companies in the United States, including Ford Motor Company (NYSE:F), General Motor Company (NYSE:GM), and Chrysler, reported strong sales performances for the month of August. Ford Motor Company’s sales jumped by 13 percent, after selling 197, 249 vehicles in August, compared with its sales result during the same period [...]

FRANKFURT (Reuters) - General Motors Co's (NYSE:GM - News) ailing German unit Opel may have to cut a third of all jobs in the country, German newspaper Bild reported on Saturday citing a source. The person said Opel had agreed on a phased strategy with its parent General Motors that began by cutting [...]

General Motors Company (GM) plans to recall 249,260 units of midsize sport utility vehicles (SUVs) in order to fix a potential fire hazard led by an electrical short. The recall would cover Chevrolet Trailblazer and GMC Envoy SUVs as well as Buick Rainier, Saab 9-7X and Isuzu Ascender SUVs, all from the 2006-2007 model years. The [...]

In May, it looked like a $10-million slap in the face. This week, it began to resemble a $50-billion body blow. When General Motors Co. said three months ago that it was pulling its paid ads from Facebook because it didn’t believe advertising on the site was effective, the move cast a sharp shadow over the company’s initial [...]

GM-backed Envia Systems may have made a breakthrough with a 100-mile-range electric vehicle battery.

Aug. 6 (Bloomberg) -- Spyker NV, the Dutch owner of the Saab brand of cars, sued General Motors Co. in the U.S. for $3 billion over claims it sought to drive the company into bankruptcy by avoiding competition in the Chinese market. GM’s actions had the “direct and intended objective” of forcing [...]

On Monday, Spyker Cars NV (AMS:SPYKR) filed a suit against auto giant  General Motors Company (NYSE:GM) for $3 billion in damages. This comes after the failed $74 million, 2010 takover of Saab which ultimately ended in bankruptcy. Spyker has alleged that GM unfairly prevented deals that would have allowed a Chinese manufacturer to take over Saab's [...]

General Motors Company (NYSE:GM) reported a 41% decline in profits amidst European woes that have impacted on various global companies adversely. However, this was no bad news at all, as the reported earnings per share of 90 cents beat analysts' projections of 74 cents per share. GM's sales were down 5% to stand at $37.6 billion from last year's Q2 sales of 39.4 billion, despite a slight increase in the number of vehicles sold globally....

If you had to buy either Facebook Inc. (Nasdaq: FB) or General Motors Co. (NYSE: GM), which are both down 40% from their recent IPOs, what would you do? On Wednesday Money Morning's Shah Gilani appeared on Fox Business' "Varney & Co." to tackle that question. With GM trading around $20 and Facebook stock hovering around $21, the share prices are both at or approaching 52-week lows, but which is the better value? Gilani's answer may surprise you. Watch the entire...

Now that Obamacare has passed and now that it is finally being read and understood is there any wonder as to why Congress has opted to hold on to its own Cadillac healthcare plan! Obamacare: If you take the number of doctors who will leave the profession due to lack of pay and a blizzard of new rules and regulations (aka more onerous paperwork), add in the inability for people to find a new and qualified doctor for treatment and then drizzle in limitations on care depending on various...

Joel Ewanick resigned from his position as global chief marketing officer of General Motors Company (NYSE:GM), after failing to meet the expectations of the company. Alan Batey, vice president of U.S. sales and service will temporarily assume Ewanick’s position. According to Bloomberg's report, Greg Martin, spokesperson for GM, did not provide further detail details regarding Ewanick, whose resignation [...]

OSHAWA, Ont. - Prime Minister Stephen Harper says GM Canada is investing almost $1 billion in Canadian research and development at its complex in Oshawa, Ont., to meet the conditions of the 2009 bailout. Harpers say the money represents "exciting future implications" with ripple effects that will be felt "far and wide." The federal [...]

Some of the world's biggest carmakers are yet to get their India strategy right after more than a decade of trials and more than a few errors. That's reflected in the sea of red ink on the domestic books of the likes of General Motors, Ford, Honda and Fiat. Between fiscal 2008 and fiscal 2011—fiscal 2012 [...]

By Robert Gordon General Motors (GM) emerged from bankruptcy in 2010 with a new initial public offering and its share price has been slipping ever since then. However, General Motors presently possesses a very attractive fleet of automobiles that, with improving economic conditions, ought to compete with both domestic and foreign car makes in the United [...]

General Motors (GM) is coming off of a strong sales month, and 2012 has been promising year-to-date as well. GM has an aggressive plan for expanding its portfolio and promoting its evolving brand as well. GM is also focused on mitigating its expenses, debt and liabilities. GM is capable of promising growth and success once it [...]

by Mark Goldstein Things in the auto industry are not looking so universally-positive anymore, and Ford (F) and General Motors (GM) are the auto companies struggling. There's not much good news for the American auto makers right now, especially as their foreign rivals, namely Toyota (TM), Honda (HMC), and Tesla (TSLA), are all pushing new features [...]

Despite the unfortunate timing of its purchase, Berkshire Hathaway could profit from GM.

Sad Hill News While it was the U.S. taxpayers who bailed out G.M. and kept the company afloat to the benefit of the unions and detriment of secured bondholders, the corporation is now looking more and more like a subsidiary of the communist government in China! A recent postscript on the bailout from Joshuapundit: The cost of the Obama Administration's bailout of General Motors keeps rising. GM shares fell to a 2012 low of 19.57 yesterday. If you recall, GM's starting share price in...