Wall Street

Wall Street assesses GM's reputation damage

3:22 pm U.S. ET | March 14, 2014
The potential hit to General Motors' reputation from its recall of 1.6 million cars for faulty ignition switches poses a greater risk than the associated financial costs, analysts say....
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GM board to lose three members as UCLA's Telles says she will step down

5:10 pm U.S. ET | March 13, 2014
General Motors now expects to lose three of its outside board members this year. Cynthia Telles, who joined the GM board in April 2010, plans to step down after the company's annual shareholder meeting this summer, GM said today....
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GM assures analysts of pricing 'discipline' amid rising truck discounts

7:24 am U.S. ET | March 6, 2014
General Motors has been ratcheting up discounts on its full-size pickups over the last month, but it is telling Wall Street analysts that it intends to maintain premium pricing and margins on the trucks despite a drop in volume and market share....
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Lithia reports 38% rise in Q4 net income on better cost controls

10:49 am U.S. ET | Feb. 19, 2014
Lithia Motors today reported a 38 percent gain in fourth-quarter net income along with the highest annual revenue in company history, as it credited continued cost controls and robust sales of new and used vehicles....
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PHILIP NUSSEL

Will analysts' expectations continue to rule the economy?

3:02 pm U.S. ET | Feb. 7, 2014
We've all known for years that analyst speculation is more important than any real numbers put out by companies or the government. And based on the way the financial media report the numbers, it seems abundantly clear that analysts' expectations can never be wrong. Or could that be changing, maybe just a teensy bit?...
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GM's Q4 profit grows 2% on strong N.A., China results

7:31 am U.S. ET | Feb. 6, 2014
General Motors rode strong pricing in North America and sales growth in China to slightly higher fourth-quarter profits, even as its performance skidded in other international markets. GM said its net income for the October-December period rose 2 percent from a year earlier, to $913 million, marking its 16th straight quarterly profit since exiting bankruptcy....
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GM Q4 net income rises 2% to $913 million

Feb. 6, 2014 13:31 CET
GM said its fourth-quarter earnings rose 2 percent to $913 million, helped by strong pricing in North America. It also more than halved its loss in Europe....
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Delphi says it doubled net income in Q4

10:56 am U.S. ET | Feb. 4, 2014
Delphi Automotive said its net income in the fourth quarter more than doubled to $298 million compared with $136 million a year earlier....
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Lear adjusted income drops 11% in Q4

3:24 pm U.S. ET | Jan. 31, 2014
Automotive seating and electrical component supplier Lear, profitable all four years since emerging from bankruptcy in November 2009, posted an 11 percent drop in adjusted fourth-quarter profits....
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Tenneco posts profit gains for Q4 and 2013

3:14 pm U.S. ET | Jan. 31, 2014
Tenneco, a supplier of ride-control and emissions-control systems, said its fourth-quarter adjusted net income rose 33 percent from a year earlier....
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Ford earnings pinched by recalls, incentives

7:03 am U.S. ET | Jan. 28, 2014
Ford earned $3 billion in the quarter, 90 percent more than the same period a year ago, though more than two-thirds of the profit was related to favorable tax benefits. Excluding the $2.1 billion tax gain and other one-time items, Ford's pretax operating profit fell 24 percent to $1.3 billion....
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RICHARD JOHNSON

Why George Chaconas is such a busy man

4:24 pm U.S. ET | Jan. 25, 2014
Sit with dealmaker George Chaconas of Performance Brokerage Services at the Starbucks outside the convention hall, and you discover a busy guy....
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Hyundai Q4 profits gain 15%, but results fall short

Jan. 24, 2014 06:01 CET
Hyundai said fourth-quarter net income climbed 15 percent over the previous year, but forecast sales growth would hit an eight-year low in 2014 as competition intensifies and the stronger won hampers exports....
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Hyundai Q4 profits gain 15%, but results fall short

10:56 am U.S. ET | Jan. 23, 2014
Hyundai said fourth-quarter net income climbed 15 percent to 2.06 trillion won ($1.9 billion), from 1.79 trillion won a year earlier. But the results did not meet analyst expectations and Chairman Chung Mong Koo forecast the weakest sales growth in eight years for 2014....
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GM expects 'modest' gain in U.S. retail market share in 2014

7:51 am U.S. ET | Jan. 15, 2014
General Motors expects to gain "modest" market share at the retail level in the United States this year while continuing to command strong prices, the company said today as its new executive management team took charge....
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GM to pay first dividend in 6 years

5:10 pm U.S. ET | Jan. 14, 2014
General Motors will pay the first quarterly dividend on its common stock in almost six years, marking another step in the recovery from its 2009 bankruptcy. Separately, GM named Chuck Stevens as CFO to replace Dan Ammann, who became the automaker's president Wednesday....
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Autobytel acquires lead wholesaler AutoUSA from AutoNation

12:01 am U.S. ET | Jan. 14, 2014
Autobytel, one of the largest providers of lead prospects to auto dealers, has purchased AutoUSA from AutoNation for $10 million in cash, a $1 million convertible note and other consideration....
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Ford's next dividend hike could see family reap $34 million

1:17 pm U.S. ET | Jan. 8, 2014
Ford, poised to boost its quarterly dividend for the second time in two years, may push it to 12 cents a share for an annual payout of at least $34 million to the automaker's family members....
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Federal-Mogul to acquire Honeywell's brake friction business for $155 million

3:30 pm U.S. ET | Jan. 8, 2014
Diversified auto supplier Federal-Mogul has agreed to acquire Honeywell's automotive and industrial brake friction business for about $155 million....
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AutoNation CFO Mike Short leaves, citing personal reasons

4:17 pm U.S. ET | Jan. 8, 2014
AutoNation said CFO Mike Short has left the company effective Tuesday. AutoNation's treasurer, Cheryl Scully, has been named interim CFO, the company said in a statement Tuesday....
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Fiat-Chrysler likely to list stock in New York, further sidelining Italy

Jan. 6, 2014 06:01 CET
CEO Sergio Marchionne's merger of carmakers Fiat and Chrysler will probably entail a share listing in the United States that cements North America as the group's new center of gravity and further sidelines Italy....
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Fiat-Chrysler likely to list stock in New York, further sidelining Italy

3:47 pm U.S. ET | Jan. 5, 2014
CEO Sergio Marchionne's merger of carmakers Fiat and Chrysler will probably entail a share listing in the United States that cements North America as the group's new center of gravity and further sidelines Italy....
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Fiat shares jump 16% on Chrysler merger deal

Jan. 2, 2014 17:56 CET
Fiat's $4.35 billion deal to gain full control of Chrysler Group sent its shares to a near 2-1/2-year high in Europe today, despite doubts over whether the Italian carmaker could use the merger to cut losses in Europe....
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Fiat shares jump 16% on Chrysler merger deal

11:56 am U.S. ET | Jan. 2, 2014
Fiat's $4.35 billion deal to gain full control of Chrysler Group sent its shares to a near 2-1/2-year high in Europe today, despite doubts over whether the Italian carmaker could use the merger to cut losses in Europe....
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Hertz shares jump after board adopts 'poison pill' stock plan

8:42 am U.S. ET | Jan. 1, 2014
Hertz Global Holdings rose to a record high after the largest publicly traded rental-car company said it adopted a so-called poison pill upon seeing “unusual and substantial activity” in its stock....
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