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GM Market Currents
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10:40 AM General Motors (GM +0.6%) discloses in a SEC filing that the wife of its CFO is a partner in an ad agency that received $600K in services last year. The company says that although transaction has been properly ratified, all the required procedures covering related party transactions weren't followed.
Comment![Consumer]
- 8:58 AM At the top of Goldman Sachs' VIP List of 50 stocks most important to hedge funds is Apple (AAPL), followed by GOOG, ESRX, MSFT, QCOM, C, GM, PCLN, JPM and LMCA. Leading the list of the firm's top 50 short positions is JNJ, XOM, INTC, IBM, AMZN, T, CVX, VZ, DUK and DIS. [Quick Ideas]
- Thursday 10:58 AM Never before has the price gap between natural gas and diesel been so large, making trucks powered by natural gas an alluring option for company fleets. Examples: Waste Management (WM) says 80% of its truck purchases in coming years will be fueled by nat gas, and Ryder (R) is expanding its program of renting out nat gas trucks and is introducing them in clusters it operates for big retailers. [Energy]
- Thursday 10:27 AM The chatter over at automobile industry blog AutoDiscovery.com is that not only is General Motors (GM -0.8%) bringing back the Cadillac Escalade (contrary to some reports) - but that a new higher-priced model will include an upgrade of luxury options and a more powerful engine. [Consumer]
- Thursday 8:26 AM General Motors (GM) recalls 4.3K Chevrolet Malibu Eco cars in the U.S. to fix an airbag problem that poses a potential safety issue under extreme driving conditions. Shares -0.2% premarket. [Consumer]
- Thursday 6:44 AM General Motors (GM) says it has no plans to move production from South Korea to Europe after speculation popped up that a move could be in the offing. The topic has become a hot-button issue in South Korea, where the nation's highly-agitated unions have threatened "war" with GM over any loss of production. [Consumer, Global & FX]
- Tuesday 6:20 PM A Booz survey of ~200 auto industry executives finds bullish views abound, as 94% of automaker execs and 92% of auto supplier execs say the sector is somewhat or much better off Y/Y. Profitable growth is seen, with 52% projecting revenue will rise 11% or more, and strong majorities expect Detroit's big three to hold or gain market share next year. [Consumer]
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at MarketWatch.com (Fri, 12:01AM)
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at CNBC.com (Thu, 5:15PM)
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at CNBC.com (Thu, 11:45AM)
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at CNBC.com (Wed, 7:11PM)
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at CNBC.com (Wed, 4:36PM)
GM Press Releases and Filings
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PR Newswire (Wed, 10:58AM)
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PR Newswire (May 17, 2012)
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PR Newswire (May 2, 2012)
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PR Newswire (May 2, 2012)
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PR Newswire (Apr 27, 2012)
GM Latest Transcript
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Thu, May 3
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GM vs. ETF Alternatives
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