Bullish Options Positioning Continues in General Motors (GM) Targeting Upside in Shares Ahead of Earnings Announcement Tomorrow -Susquehanna

General Motors (GM) Declares $0.38 Quarterly Dividend; 3.9% Yield

July 24, 2018 5:53 PM EDT

General Motors (NYSE: GM) declared a quarterly dividend of $0.38 per share, or $1.52 annualized.

The dividend will be payable on September 21, 2018, to stockholders of record on September 7, 2018, with an ex-dividend date of September 6, 2018.

The annual yield on the dividend is 3.9 percent.

For a... More

Ford follows GM's Cruise move with self-driving spinoff

July 24, 2018 11:16 AM EDT

By Arunima Banerjee, Paul Lienert and David Shepardson

(Reuters) - Ford Motor Co (NYSE: F) said on Tuesday it was creating a separate $4 billion unit to house its self-driving vehicle operations and is seeking outside investors, following a similar move in late May by Detroit rival General Motors Co (NYSE: GM) with its Cruise Automation unit.

GM's spinoff of Cruise drew a $2.25-billion investment from SoftBank Group , boosting GM's share price that day by 13 percent. SoftBank's 19.6-percent stake valued Cruise at $11.5 billion. GM paid an estimated $1 billion in 2016 to... More

Piper Jaffray Examins Sales Trends; Says General Motors (GM) Outperforms Ford (F) in China

July 24, 2018 7:29 AM EDT

Piper Jaffray's analyst, Alexander Potter, says that it's clear that GM (NYSE: GM) (Overweight) is outperforming Ford (NYSE: F) (Neutral) in China. GM's retail sales have risen by 4.4% through June, versus market-wide wholesale/retail growth of +5.2%/+3.0%. In... More

General Motors (GM) weekly option implied volatility elevated into EPS

July 24, 2018 6:32 AM EDT

General Motors (NYSE: GM) July weekly call option implied volatility is at 53, August is at 29; compared to its 52-week range of 17 to 40 into the expected release of Q2 before the market open on July 25.

... More

Popular stocks with increasing unusual option volume: HAL GM NXPI CLF

July 24, 2018 4:47 AM EDT

Popular stocks with increasing unusual option volume: HAL GM NXPI CLF

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U.S. to propose revoking California authority to set auto emissions rules: source

July 23, 2018 12:57 PM EDT

By David Shepardson

WASHINGTON (Reuters) - The Trump administration is expected as early as Thursday to propose revoking California's power to set state vehicle emissions rules and mandate the purchase of electric vehicles, a government official briefed on the matter said.

The U.S. Transportation Department and Environmental Protection Agency are expected to unveil a proposed regulation that recommends freezing national emissions requirements at 2020 levels through 2026, the official said on condition of anonymity because it has not yet been made public.

The administration plans to propose a rule that would revoke a waiver California was... More

General Motors (GM) weekly option implied volatility elevated into EPS

July 23, 2018 11:54 AM EDT

General Motors (NYSE: GM) July weekly call option implied volatility is at 51, August is at 28; compared to its 52-week range of 17 to 40 into the expected release of Q2 before the market open on July 25.

... More

Fiat Chrysler loses another executive after Marchionne illness

July 23, 2018 2:06 AM EDT

By Agnieszka Flak

MILAN (Reuters) - New Fiat Chrysler boss Mike Manley was handed extra responsibilities for the carmaker's European business on Monday when a fellow executive quit after being passed over for the top job, adding to the challenges Manley faces.

Jeep division head Manley was named on Saturday to succeed Chief Executive Sergio Marchionne, one of the auto industry's most tenacious and respected leaders, who fell seriously ill after suffering complications following surgery.

Fiat Chrysler Automobiles (FCA) said on Monday that Alfredo Altavilla, head of its business in Europe, Middle East and Africa had... More

Fiat Chrysler names Jeep boss to replace stricken CEO Marchionne

July 21, 2018 2:39 AM EDT

By Agnieszka Flak and Laurence Frost

MILAN/PARIS (Reuters) - Fiat Chrysler named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery.

The carmaker said British-born Manley, who also takes responsibility for the North America region, will push ahead with the mid-term strategy outlined last month by Marchionne, who had been due to step down next April.

Marchionne, 66, was credited with rescuing Fiat and Chrysler from bankruptcy after taking the Italian carmaker's wheel in 2004. On Saturday... More

Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans

July 20, 2018 9:33 PM EDT

By Jeffrey Dastin and David Shepardson

SAN FRANCISCO/WASHINGTON (Reuters) - Big companies in the United States from Amazon.com Inc (NASDAQ: AMZN) to Toyota Motor Corp and Alcoa Corp (NYSE: AA) are working to counter the effect of the Trump administration's trade policies and to head off new tariffs.

Companies are attempting to avoid any confrontation with U.S. President Donald Trump but want to exert as much influence as they can to dissuade him from tearing up trade agreements or introducing tariffs on a wide swath of... More

U.S. carmakers expected to warn of tariff pain when releasing results

July 20, 2018 12:34 PM EDT

By Nick Carey and Ben Klayman

DETROIT (Reuters) - When Detroit's automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should U.S. President Donald Trump impose broader tariffs on the industry's vehicles and parts, consultants and analysts said.

"The automakers really want to get that narrative out there," said Jeff Schuster, president for the Americas at consultancy LMC Automotive, who stressed it is unusual for General Motors Co (NYSE: GM), Ford Motor Co (NYSE:... More