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GE Trying To Sell Remaining Stake In Hyundai Capital
Tuesday, June 21, 2016 - 11:03am | 173General Electric Company (NYSE: GE) is trying to sell its remaining 20 percent stake in Hyundai Capital, Reuters reported, citing Hyundai Motor Co. (HYUNDAI MOTOR CO KRW5000 (OTC: HYMLF)) Related Link: General Electric Shines In Weak Market While Reuters said the South Korean car did not offer any...
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Connected Cars Present Distracted Driving Hazards
Tuesday, July 7, 2015 - 9:15am | 496The dangers of texting and driving are well known thanks to years of campaigns educating the public and new legislation outlawing the behavior across the U.S. However, the latest car designs are raising red flags among experts as their dashboard displays appear to have created a loophole that...
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Bank Of America On 2015 Auto Manufacturers: Keep Those Wheels Turning
Wednesday, February 4, 2015 - 4:28pm | 708In a report published Tuesday, analysts at Bank of America took a look at the U.S. auto manufacturers' industry, which saw January U.S. light vehicle sales rise 9.3 percent year-over-year on a selling-day-adjusted basis, above the firm’s mid-month estimate of +8.0 percent “for a...
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4 Auto Stories You Might Have Missed This Week
Friday, November 7, 2014 - 4:07pm | 837As the week comes to end, Benzinga takes a look back at some of the top trending auto news stories. Hyundai And KIA Settle With U.S. Regulators South Korean-based Hyundai and Kia were fined $100 million by U.S. regulators for violating the Clean Air Act. The automakers were accused of over-...
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June Auto Sales Beat Street Views
Wednesday, July 2, 2014 - 6:49am | 338Wall Street got an upside surprise from the U.S. vehicle sales figures for June, which showed some of the strongest monthly data since 2007. Chrysler Group LLC and General Motors Corp. (NYSE: GM) saw sales rise 9.2 percent and one percent respectively, while Ford Motor Co. (NYSE: F) sales were...
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Intel Wants In On Self-Driving Cars
Friday, May 30, 2014 - 2:41pm | 589Google (NASDAQ: GOOG)(NASDAQ: GOOGL) has plans to build 200 self-driving cars. Intel (NASDAQ: INTC) wants in on the action. The world’s largest chipmaker said Thursday that it would provide an “application ready platform” with processors and OS for autonomous vehicles. It’s all part of Intel’s...
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Detroit's Big Three Auto Makers Report March Sales
Tuesday, April 1, 2014 - 5:00pm | 900On the first day of each month, major auto manufacturers report their previous month's total sales. The data is closely monitored by both investors and auto enthusiasts to keep up with the most up to date information on how the manufacturers are performing in a tough economic environment that...
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Auto Makers Post Mixed February Sales
Monday, March 3, 2014 - 5:33pm | 914In January, harsh weather climates were being blamed for poor auto sales that hammered the Midwest and Northeast regions several times during the month. The auto makers remained optimistic that declining sales are a temporary phenomenon and remained optimistic that consumers will show up to...
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January's Auto Sales Data A Mix Of Good And Bad
Monday, February 3, 2014 - 1:42pm | 763Major manufacturers January U.S. sales data were released on Monday. General Motors: Consensus miss General Motors (NYSE: GM) reported that its U.S. sales fell 12 percent to 171,000 vehicles in January. The consensus estimate was looking for a 2.5 percent falloff. Retail sales fell 10 percent...
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Barron's Recap: More From The 2014 Roundtable
Monday, January 27, 2014 - 7:54am | 752This weekend in Barron's online: part two of the 2014 Barron's Roundtable, the mood at Davos, companies shortchanging investors with share buybacks, as well as the prospects for Hyundai, AZZ, Urban Outfitters and more. Cover Story "Shaking Things Up" by Lauren R. Rublin. "Sometimes, you need to...
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Top Trending Tickers On StockTwits For January 21
Tuesday, January 21, 2014 - 11:44am | 702Here's a look at the top tickers trending on StockTwits.com Google Hyundai Motor is set to reveal that its second-generation Blue Link system will debut in its upscale Genesis model. Blue Link will include Google (NASDAQ: GOOG) search capabilities in its navigation system and a Google Glass...
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European Billionaire to Wall Street: You Are Wrong on Emerging Markets
Friday, January 10, 2014 - 4:10pm | 383Benzinga reported on Tuesday on a growing number of Wall Street banks that have turned negative on emerging markets. Goldman Sachs (NYSE: GS), JPMorgan (NYSE: JPM) and Morgan Stanley (NYSE: MS) advise their clients to avoid exposure across multiple assets classes in emerging markets such as...
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Is Apple Interested In Competing With Google's Open Automotive Alliance?
Wednesday, January 8, 2014 - 2:48pm | 530Google (NASDAQ: GOOG) is getting a lot of buzz for creating the Open Automotive Alliance, but Global Equities Research analyst Trip Chowdhry doesn't expect Apple (NASDAQ: AAPL) to follow suit. "Apple has no interest in the car market," Chowdhry told Benzinga. "Not really. That [does not] fit their...
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Google Might Team with Audi to Supersede Apple's In-Car Initiative
Monday, December 30, 2013 - 5:46pm | 621Apple (NASDAQ: AAPL) is one of the largest companies developing in-car technology, but Google (NASDAQ: GOOG) might be hatching a plan to overtake its competitor. According to The Wall Street Journal, Google and Audi (OTC: AUDVF) will announce a new partnership next week at the Consumer...
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U.S. Auto Sales: Who Gained, Who Lost?
Tuesday, December 3, 2013 - 5:34pm | 765Many auto companies have released their U.S. sales figures for November. Investors closely follow these monthly data releases as an indication of the strength of the macro-economic environment, the entire auto sector and individual companies. Barclays boosted its fourth quarter GDP tracking...