Cummins to Benefit from Innovative Products, Risks Remain
Zacks Equity Research - Zacks Investment Research - Wed Aug 17, 7:28AM CDT
On Aug 16, 2016, we issued an updated research report on Cummins Inc. (CMI).
CMI: 125.64 (+0.15), NAV: 14.74 (+0.11), FCAU: 6.97 (+0.13)
Downgrade Alert for Nissan Motor (NSANY)
Comtex SmarTrend(R) - Wed Aug 17, 3:01AM CDT
Nissan Motor (NASDAQ:NSANY) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $19.21 on volume of 103,000 shares, below average daily volume of 108,000. Nissan Motor (NASDAQ:NSANY) has potential upside of 15.3% based on a current price of $19.21 and analysts' consensus price target of $22.15. The stock should discover initial support at its 200-day moving average (MA) of $19.20 and subsequent support at its 50-day MA of $18.53.
Q&A: What record low interest rates mean for savers, economy
By DAVID McHUGH - AP - Thu Aug 11, 1:04PM CDT
FRANKFURT, Germany (AP) — Record low interest rates were meant to be a temporary response to the global financial crisis.
Toyota's plug-in hybrid launch delayed by several months
By YURI KAGEYAMA - AP - Wed Aug 03, 4:30AM CDT
TOKYO (AP) — Toyota's much ballyhooed plug-in hybrid Prius Prime is being pushed back by several months, with the new sales date set for late this year or early next year.
F: 12.54 (+0.07), GM: 31.69 (-0.12), TM: 121.05 (+0.71)
Mitsubishi scandal probe finds unrealistic goals, conflicts
By YURI KAGEYAMA - AP - Tue Aug 02, 6:07AM CDT
TOKYO (AP) — A group of lawyers asked by Mitsubishi Motors Corp. to investigate mileage cheating at the Japanese automaker found a divided company that had set unrealistic goals, to which employees simply couldn't say, "No."
Honda's quarterly profit sinks 6 percent amid quake damage
By YURI KAGEYAMA - AP - Tue Aug 02, 3:04AM CDT
TOKYO (AP) — Honda Motor Co. recorded a better-than-expected 174.6 billion yen profit ($1.7 billion) for the fiscal first quarter, as it gradually recovers from damage caused by a quake in southwestern Japan.
TM: 121.05 (+0.71), HMC: 30.88 (+0.26)
Mitsubishi expects $1.4 billion loss after mileage cheating
By YURI KAGEYAMA - AP - Wed Jun 22, 4:10AM CDT
TOKYO (AP) — Mitsubishi Motors Corp., which recently acknowledged it inflated mileage on its models, is forecasting a 145 billion yen ($1.4 billion) loss for the fiscal year through March 2017.
Japan: Mitsubishi cheated on mileage by up to 16 pct
By YURI KAGEYAMA - AP - Mon Jun 20, 11:26PM CDT
TOKYO (AP) — The Japanese government said Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company.
Mitsubishi offers cash to Japan owners for rigged mileage
By YURI KAGEYAMA - AP - Fri Jun 17, 9:28PM CDT
TOKYO (AP) — Mitsubishi Motors is giving 100,000 yen ($960) to each Japanese owner of its car as a compensation for inflated mileage and extra gas costs.
Toyota gets bullish on plug-in hybrids with new Prius Prime
By YURI KAGEYAMA - AP - Wed Jun 15, 2:38AM CDT
TOKYO (AP) — A top engineer at Toyota says the Japanese automaker plans to get as bullish as its rivals in pushing plug-in hybrids with the introduction of its new Prius Prime.
GM: 31.69 (-0.12), TM: 121.05 (+0.71)
China auto sales growth accelerates in May to 5-month high
AP - Mon Jun 13, 6:22AM CDT
BEIJING (AP) — China's auto sales growth hit a five-month high in May, driven by the popularity of SUVs, an industry group said Monday.
F: 12.54 (+0.07), GM: 31.69 (-0.12), TM: 121.05 (+0.71)
Nissan, Takata Face Criminal Charges in Japan for Airbag Flaw
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 7:15AM CDT
Nissan Motor Co. Ltd. (NSANY) and Takata Corp are facing a criminal complaint in Japan.
SUP: 28.93 (+0.06), OSK: 54.23 (-0.02), LEA: 115.62 (-0.04)
Criminal complaint filed in Japan over faulty Takata air bag
By YURI KAGEYAMA - AP - Wed Jun 08, 2:15AM CDT
TOKYO (AP) — A criminal complaint about a Takata air bag causing injuries in a crash has been filed in Japan, the first such case in this nation related to an unfolding massive recall.
F: 12.54 (+0.07), TM: 121.05 (+0.71), HMC: 30.88 (+0.26)
Recalls and ForEx Hinder Auto Sector Growth
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 1:49PM CDT
Recalls and ForEx Hinder Auto Sector Growth
TSLA: 211.10 (-4.10), TM: 121.05 (+0.71), HMC: 30.88 (+0.26)
Auto Sales Plunge in May: ETFs & Stocks in Focus
Sweta Killa - Zacks Investment Research - Thu Jun 02, 9:37AM CDT
Auto sales dropped 6% year over year due to weak demand for sedans and fewer selling days. This marks the biggest monthly drop in nearly six years.
F: 12.54 (+0.07), LKQ: 36.16 (+0.18), ORLY: 277.77 (-2.26), CARZ: 33.76 (+0.21), XLY: 80.70 (-0.52), GM: 31.69 (-0.12), TM: 121.05 (+0.71), HMC: 30.88 (+0.26), DLPH: 70.25 (-0.59), LEA: 115.62 (-0.04)
US auto sales show signs of flattening out after long run up
By DEE-ANN DURBIN and TOM KRISHER - AP - Wed Jun 01, 4:43PM CDT
DETROIT (AP) — U.S. car buyers are tapping the brakes.
F: 12.54 (+0.07), GM: 31.69 (-0.12), TM: 121.05 (+0.71), HMC: 30.88 (+0.26)
Cummins to Gain from Innovative Products & Higher Shipment
Zacks Equity Research - Zacks Investment Research - Tue May 24, 6:33AM CDT
On May 23, 2016, we issued an updated research report on Cummins Inc. (CMI).
CMI: 125.64 (+0.15), NAV: 14.74 (+0.11), FCAU: 6.96 (+0.12)
Mitsubishi Motors president to resign over mileage scandal
By YURI KAGEYAMA - AP - Wed May 18, 6:26AM CDT
TOKYO (AP) — Mitsubishi Motors Corp. President Tetsuro Aikawa said Wednesday that he will step down to take responsibility for the mileage cheating scandal unfolding at the Japanese automaker.
Suzuki apologizes for improper road tests, denies cheating
By YURI KAGEYAMA - AP - Wed May 18, 5:08AM CDT
TOKYO (AP) — Japanese automaker Suzuki Motor Corp. apologized Wednesday for improper road tests, but denied reports that it illegally falsified mileage numbers.