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Press Releases

Rate hike odds plunge after April jobs report badly misses estimates

The CME Group FedWatch probability for June rate hike fell after the April jobs report missed estimates.


Tesla bold production plan brings out skeptics, shares fall

DETROIT— Once again, Tesla Motors is staring down the naysayers. "This is beyond challenging," said Jeff Schuster, senior vice president for forecasting at the consulting firm LMC Automotive. The company has never made a full-year profit but its market value is more than half that of General Motors Co. U.S. sales of Tesla's Model S luxury sedan jumped 51 percent last...

Source: The Associated Press

Self-driving taxis are coming sooner than you think

Two major auto-centric companies are teaming up to change the way we use taxis, reports The Wall Street Journal.


Industry Experts Gather for the IESF 2016 Automotive Electrical/Electronic Design Conference

The 16 th annual conference will be held Wednesday, June 1, 2016, at the Ford Convention Center in Dearborn, Mich., USA. The keynote speaker will be Lawrence Burns, a leading advisor to the automotive industry and who also served as General Motors Corporate Vice President of Research& Development and Planning from 1998-2009. Guest speakers include Matt Jones,...

Source: PR Newswire

UPDATE 1-China car sales outlook murky as Ford sales drop, GM bounces back

*Ford's China April sales -11 pct, GM +7.5. Ford's biggest drop since May 2015. BEIJING, May 5- Ford Motor Co's monthly vehicle sales in China recorded the largest decline in a year while General Motors' sales growth returned to positive territory, clouding the outlook for the world's biggest auto market amid an economic slowdown.

Source: Reuters

Traders: How to play Einhorn, Chanos bets

"Fast Money" traders picked apart the bets made by noted stock pickers David Einhorn and Jim Chanos.


GM to resume production at 4 plants idled by Japan quakes

NASHVILLE, Tenn.— General Motors is on track to resume full operations at four North American plants where vehicle assembly has been halted because of supply chain interruptions caused by earthquakes in Japan. GM spokesman Tom Wickham confirmed Wednesday that manufacturing that was put on hold on April 25 is expected to resume on May 9 at plants in Spring Hill,...

Source: The Associated Press

GM's Retail Sales Rise for 12th Consecutive Month Driven by Chevrolet, Buick and GMC

DETROIT, May 3, 2016/ PRNewswire/--. General Motors delivered 200,656 vehicles in April to individual or "retail" customers, up 3 percent year-over-year, driven by an 13 percent increase at Buick, 5 percent increase at GMC and a 4 percent increase at Chevrolet. Chevrolet was the fastest-growing full-line franchise in the U.S. industry in 2015 and holds that honor...

Source: PR Newswire

April autos sell at a pace of 17.4M

Shares of U.S. car makers Ford and GM opened nearly 3 percent lower Tuesday.

Source: Reuters

Sodexo Earns Recognition as One of America's "Best-of-the-Best" Companies for Diversity by National Gay & Lesbian Chamber of Commerce

GAITHERSBURG, Md., May 2, 2016/ PRNewswire-USNewswire/-- Sodexo, world leader in Quality of Life Services, announced recognition today by The National Gay& Lesbian Chamber of Commerce, the business voice of the LGBT community, in collaboration with its partners in the National Business Inclusion Consortium. The announcement was made last week at the inaugural...

Source: PR Newswire