Bloomberg, citing people familiar with the matter, reported on Monday that the DoJ is examining so-called mirror trades, where Deutsche's Russian clients bought stocks in rubles, and through simultaneous transactions in London, bought the same stocks in U.S. dollars, thereby moving funds out of Russia without informing authorities.
Supplying American jobs and good taxpayers. Thank you GM
FLINT, Michigan (AP) -- General Motors says it's investing $877 million to upgrade an assembly plant in Flint.
The company plans to build a new, 883,000-square-foot body shop for Flint Assembly, which makes full-size pickups for the Chevrolet and GMC brands.
The new body shop will be closer to the Flint Metal Center, which supplies sheet metal to the plant. Construction is expected to begin in early 2016 and finish in 2018.
Flint Assembly, which opened in 1947, is GM's oldest plant in North America. GM says the upgrade will reduce the time and cost to ship parts between the two plants.
"Jeyedolt, what is your point?
GM has had drunks and drug users at its plants for years.
This has nothing to do with GM plants here in America. Would you like your children or grandchildren working under these conditions? Why isn't this a national news story? This is what we a losing our American taxpayers jobs to around the world.
Maybe your children or Grandchildren could be the replacement workers
$730 a month
These include workers at Subaru's suppliers like Lakhan Rijal, a stocky 34-year-old asylum seeker who said he was fired after injuring his back at a plant that makes seats for the automaker. Other foreign workers spoke about being pressured to work double shifts, being dismissed without notice and having no insurance.
While Subaru is the Japanese automaker most reliant on domestic production, its suppliers in Ota also make parts for other car manufacturers, including Toyota, Nissan and Honda. Toyota and Nissan both said they did not employ asylum seekers; neither would comment on the employment of asylum seekers by their suppliers. Nissan also said it employs about 50 trainees. Honda declined to comment.
"Light truck sales increases are a sign the economy is picking up at last.
No, its a sign that we don't have $4 gasoline.
General Motors 272,512
Ford Motor Co. 222,014
FCA U.S. 178,027
Newer models from Audi, BMW and Subaru are burning a lot of oil between
routine oil changes, according to a consumer survey from Consumer Reports.
The magazine's 2014 Annual Auto Survey found that a significant number of
consumers with vehicles from the 2010 to 2014 model years have to add a
quart of oil to their engines as frequently as every month.
The worst offenders:
. Audi's 2.0-liter turbocharged four-cylinder and 3.0-liter V-6.
. BMW's 4.8-liter V-8 and twin-turbocharged 4.4-liter V-8.
. Subaru's 3.6-liter six-cylinder and 2.0- and 2.5-liter four-cylinders.
The lead market manipulator, they replaced Morgan Stanley Adam Jonas as GM bashers.
NEW YORK (AP) -- Goldman Sachs Group Inc. raised the upper end of its estimate for "reasonably possible" legal expenses to $5.9 billion, according to a regulatory filing.
That is up from its prior upper estimate of $3.8 billion in May comes as the financial firm revealed in the same filing that it was discussing a potential resolution with authorities over risky mortgage-backed securities.
No juicy headlines on GM Retail sales. Only a 64 days of inventory and on the good Auto news Wall Street Crooks tank the Market
General Motors Co. (GM) posted total July sales of 272,512 vehicles, a rise of 6.4% compared with July 2014. The July total represents the best combined total of all four of GM’s brands since 2007. Retail delivers were up 14%, fleet deliveries were down 20% and commercial sales rose 17% in July. Commercial sales of pickups were up 33% year over year for the first seven months of 2015.
GM’s new vehicle sales for July were forecast at around 264,000 by analysts at Edmunds and 258,000 units by the analysts at Kelley Blue Book.
Transaction prices rose about 1.5% year over year to $33,800, up about $200 compared with June and up about $530 compared with July 2014.
CNBC 8/3/2015 10:36:28 AM: ...growth. from ford and jeep, ford up 11.4% for utility sales. jeep brand is hot. up 27%. pickup trucks, General motors has been hitting it out of the park over the last couple of months. that continued in july. full-sized pickup sales up for the month of july. the chevy brand, not just full sized pickup but the miss size pickup truck as well. sales up 51% in july. nissan, july sales up 7.8% nature that was weaker than expected but not a bad number by any stretch of the imagination. and General Motors saying it expects the industry sales pace for the month of july to come in at $17.6 million. if it's $17.6 million, that is well above what most people were forecasting.
He is being deflated daily.
General Motors (NYSE:GM) smashed estimates for July U.S. sales off broad sales strength.
Double-digit retail sales growth was seen for the Buick, GMC, and Chevrolet brands.
Fleet sales in the month were 17.4% of the total, compared to 24.2% a year ago.
Sales by brand: Chevrolet +7.8% to 188,790; GMC +1.4% to 48,777; Buick +17.6% to 20,791; Cadillac -7.1% at 14,154.
General Motors (NYSE:GM) unit sales +6.4% to 272,512 units vs. +1% to +3% expected.
Retail sales increased 14% during the month.
Chevrolet crossover sales set a record for July.
The automaker ended the month with 64 days supply, compared to 70 days supply a month ago.
GM +0.54% to $31.68 in early trading.
CNBC 8/3/2015 9:49:54 AM: ... more auto sales numbers this time from gm. let's go to phil as we've been waiting for the numbers for about 20 minutes. a little later than usual but worth the wait if you're a gm investor. big numbers from General Motors. july sales up more than 6%. well above the estimate of an increase of 2.9%. specifically they saw greater sales on the retail level and pulled back a little bit on the fleet level. those are certainly good numbers for General Motors but here's the number that i think will get a lot of attention today. gm's estimate for the sales pace for the month of july? 17.6 million. that's well above what everybody else is expecting which is in that 17.1 to 17.3 range. gm up 6.4%. well above estimates for the month
That was the internet coward, that has cloned many on this board. He does this to anyone that defends GM
"Wngr, no matter what your opinion of unions is, one must admit that we ( as a country ) were much better off economically in the 60's and 70's"
In 1965 we passed a equal right law that was to liberal to fast. Something was needed, but this started the numbers game. In 70's we had the so call oil embargo. Americans gave away their big vehicles and bought small Japanese, at a time when the YEN was at 300YEN to the Dollar.They could have bought a lot of gas for what they lost on the vehicles they all but gave away
Google Patrick J. Buchanan who killed Detroit. A lot of the worker during those years had pensions when they retired. They are not a burden to the Taxpayers. Now every year we are putting people on the burden list Welfare and Medicare. The sad part we have illegals on them now. We have to many workers that don't make enough to pay Federal income taxes. It also was the Textile workers in the South that lost their jobs first.Replaced by child labor in sweat shops.
I feel sorry for the younger generations working part times jobs, while other take the easy way out on Welfare. Then we now have Wall Street that will pick their pockets every March through October at the Pump.
When in the 60's and early 70's the price stayed the same month after month. If you got gasoline cheaper it was a local gas war.
During this time frame they kept raising their price target on oil. By May of 2008 a $200 a barrel target.
Reuters) - Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter.
Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the bank of misleading investors about the risks associated with mortgage securities offerings.
NECA-IBEW, an electrical workers' pension fund, owned some mortgage-backed certificates underwritten by Goldman.
Goldman and its rivals have faced many lawsuits by investors seeking to recoup losses on mortgage securities.
The investors typically have claimed they were misled about the risks relating to the underlying home loans, most of which were made before or as the U.S. housing slump took hold in 2007.
A spokesman for Goldman Sachs declined to comment and attorneys for the fund did not immediately return calls for comment.
A secret story at Bloomberg , CNBC and Fox business TV bottle heads they only do GM downgrades. The Goldman Crooks are paying a $270 million fine
General Motors Co. (NYSE: GM) was revisited by Argus back on Tuesday, July 28. The firm reiterated its Buy rating and reiterated $45 price target. That implied more than 40% upside, but Friday’s close of $31.51 leaves was appreciation of almost 43% and then there is that 4.5% dividend yield to consider.
Argus believes that GM is in a very strong position, with growth here and in China, and they even see slightly stronger sales growth in Europe. All this and more detail on the call is giving GM huge upside.
Despite a slight decrease in Revenue (mainly due to foreign currency translation) GM's margin's are improving substantially. Management seems to be doing a good job managing the expense side of the equation. While some of the improvement stems from lower recall-related expenses, management seems to have also achieved lower material & logistics cost performance.
Diluted EPS Adjusted was $1.29, up 122% in Q2 and $2.15, up 144% in H1.
Adjusted Automotive Free Cash Flow was a net inflow of $3.3 billion, increase of $1.4 billion primarily attributable to higher operating cash flow.