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General Motors Company (NYSE:GM)  shares are trading lower after the company reported second-quarter financial results. Also, the company announced that it delayed its 2024 Buick EV and pushed its EV pickup plant opening to 2026. In essence, General Motors is functioning more as a profitable cash generator from traditional gasoline vehicles rather than the high-tech growth engine envisioned by  Chief Executive Officer Mary Barra. Despite losses in China, strong U.S. market performance bolsters overall profitability, reported Bloomberg. Meanwhile, GM Defense Canada, a subsidiary of GM Defense, has been awarded a C$35.8 million contract by the Canadian Armed Forces (CAF) for 90 light

American Airlines Group Inc. (NASDAQ:AAL) shares are trading nearly flat today. The company reportedly implemented a ground stop for all flights early today because of a communication problem. However, American Airlines stated earlier that the outage did not affect its operations, reported Reuters. Related: Microsoft Outage Wreaks Havoc On World As 911, International Airlines, Banks And Airport Services Disrupted (UPDATED) The outage began at approximately 6 p.m. ET on Thursday, affecting a subset of its customers with issues in multiple Azure services in the Central U.S. region. Azure is a cloud computing platform that offers services for building, deploying, and managing applicati

Ford Motor Company (NYSE:F) shares are trading higher today. The company disclosed plans to invest around $3 billion to expand Super Duty production. The investment includes $2.3 billion for assembly and integrated stamping operations at the Oakville Assembly Complex. Ford is expanding production of its popular F-Series Super Duty trucks by adding a third North American assembly plant, the Oakville Assembly Complex, in Ontario, Canada. This move will initially add capacity for 100,000 trucks and include future integration of multi-energy technology to meet Ford Pro customer demand. Ford’s expansion at the Oakville Assembly Complex in Ontario supports its Ford+ plan for growth, ai

Ford Motor Company‘s (NYSE:F) commercial division launched the Ford Pro Smart Charging Bundle in California. The Ford Pro Smart Charging Bundle aims to simplify this for California businesses, enhancing operations and reducing costs. It offers a free Ford Pro Level 2 48-amp or 80-amp charger for depot and workplace charging to businesses subscribed to Ford Pro Charging software. Read: Ford Partners With Tesla Co-founder’s EV Battery Recycling Venture Program In California The all-electric E-Transit eliminates gasoline expenses, reduces maintenance by 48% compared to a gas-powered 2024 Transit, and allows businesses to charge during off-peak hours to save on utility costs. Ford

General Motors Co (NYSE:GM) shares are trading higher after the company’s plan to invest at least $900 million to retool its Lansing, Michigan auto plant for electric vehicle (EV) production. As conveyed by Energy Secretary Jennifer Granholm, this investment is part of a broader effort to transition GM’s production capabilities towards electric vehicles. At an event in Lansing, Granholm detailed GM’s plans: the largest U.S. automaker will receive $500 million in government grants to aid in the conversion of its Lansing Grand River Assembly Plant to EV production. GM will continue to produce the Cadillac CT4 and CT5 at this facility for the time being, reported Reuters. In total,

Shares of automobile major General Motors Co (NYSE:GM) are trading lower today. The company has agreed to retire approximately 50 million metric tons of greenhouse gas credits to address excess CO2 emissions identified by the U.S. Environmental Protection Agency (EPA). This agreement follows an EPA investigation that revealed excess emissions from around 5.9 million GM vehicles from the 2012-2018 model years. The company will also pay a $145.8 million penalty. The National Highway Traffic Safety Administration (NHTSA) announced that GM would pay the penalty for fuel economy compliance issues and cancel over 30.6 million fuel economy credits for the 2008-2010 model years, reported Re

General Motors Co. (NYSE:GM) is reportedly facing the maximum fine from California regulators due to delayed reporting of an accident involving one of its Cruise self-driving vehicles. The incident has prompted increased scrutiny of autonomous vehicle safety, leading to a $112,500 penalty for the automaker, reported Reuters. Cruise failed to provide timely information to the California Public Utilities Commission (CPUC) about an accident involving one of its vehicles last year. The fine amounts to $7,500 for each of the 15 days the company withheld the information. Alongside other autonomous vehicle companies like Alphabet Inc’s (NASDAQ:GOOGL) Waymo and Amazon.com Inc’s (NASDAQ:AMZN

General Motors Company (NYSE:GM) shares are trading higher in the premarket session on Tuesday. In a press release, the company said it approved a new share repurchase authorization to repurchase up to $6 billion of its outstanding common stock. “The investments GM made in its brands and product portfolio over the last several years, and the company’s operating discipline, are delivering consistently strong revenue growth, margins and free cash flow,” said Paul Jacobson, GM executive vice president and chief financial officer.  Buyback History In the first quarter, the auto behemoth repurchased $0.3 billion in shares, and the company had said it expects to exhaust the remaining $

RBC Capital Markets analyst Walter Spracklin upgraded Norfolk Southern Corporation (NYSE:NSC) to Outperform from Sector Perform and maintained the price target at $270. The bullish stance reflects significant improvement expected in operating ratio (>12ppt) and the subsequent meaningful EPS growth. With expected operational turnaround and EPS growth set to outperform and valuation discounted, the analyst sees the company as an attractive investment opportunity at current levels. Consequently, Spracklin estimates EPS CAGR of +20% 2024-27 (ahead of consensus +16%) on a 12.6ppt improvement in operating ratio by 2027 (vs. Q1/24).  The analyst expects EPS of $11.74 for FY24, $14.74 fo

PACCAR Inc (NASDAQ:PCAR) shares are trading lower after it reported first-quarter FY24 results. Sales of $8.74 billion, beating the consensus of $8.24 billion. PACCAR Financial Services revenues rose to $509.3 million from $423.2 million a year ago.  EPS of $2.27 beat the analyst consensus of $2.17. PACCAR invested $164.3 million in capital projects and $105.5 million in research and development expenses in the quarter.  The company held $7.73 billion in cash and marketable securities as of March 31, 2024. Operating cash flow for the quarter totaled $1.47 billion. Preston Feight, chief executive officer stated, “PACCAR’s long-term investments in new truck models, advanced m

Norfolk Southern Corporation (NYSE:NSC) shares are trading lower following worse-than-expected first-quarter FY24 financial results. Railway operating revenue declined 4% Y/Y to $3.004 billion, missing the consensus of $3.046 billion. Sales by segments: Merchandise $1.86 billion (-1% Y/Y), Intermodal $745 million (-8% Y/Y), and Coal $396 million (-10% Y/Y). Railway operating expenses increased by 15% Y/Y to $2.79 billion. Income from railway operations declined by 70% Y/Y to $213 million.  Adjusted EPS was $2.49 (-25% Y/Y), below the consensus of $2.58. Operating cash flow totaled $839 million versus $1.17 billion a year ago. Norfolk Southern held $652 million in cash and cash

General Motors Company (NYSE: GM) reported a fiscal first-quarter 2024 sales growth of 7.6% year-on-year to $43.01 billion, beating the analyst consensus estimate of $41.88 billion. Adjusted EPS of $2.62 beat the consensus estimate of $2.14. The stock price climbed after the results. GM's market share reached 8.1% for the quarter, compared to 8.7% a year ago. In the U.S., the share changed to 15.4%, down from 16.4%. Its share in China reached 7.9%, down from 9.1% a year earlier. GM's North American operations, backed by truck sales, mainly contributed to its first-quarter beat and guidance raise, CNBC cites the automaker.  Steady vehicle pricing and higher retail sales in North A

Ford Motor Company (NYSE:F) shares are trading lower on Friday. The National Highway Traffic Safety Administration initiated an investigation into the recall of 42,652 Ford SUVs due to fuel leak risks potentially causing fires, Reuters reported. The NHTSA’s recall inquiry involves 2022 and 2023 models of Ford Bronco Sport and the 2022 Ford Escape, initiated when safety regulators deem the remedy insufficient, Reuters added. The agency focused on a possible fuel leak caused by a cracked fuel injector in specific vehicles. While Ford recalled affected models with 1.5-liter engines in March for an engine control software update and drain tube installation, the NHTSA noted the absence o

Ford Motor Company (NYSE:F) shares are trading lower in the morning session on Wednesday. The company will recall 42,652 Bronco Sport and Escape vehicles in the U.S. due to broken fuel injectors that may leak and induce a fire, Reuters reported. National Highway Traffic Safety Administration stated that Ford plans to incorporate fuel injector leak detection into the engine control software and fit a drain tube, the report read. Earlier in January, the auto behemoth made it to the headlines for recalling 2.24 million older Explorer sport utility vehicles worldwide because trim retention clips may not be correctly engaged. Ford anticipated back then that around 5% of the vehicle po

A potential escalation of strikes looms over automotive industry leaders General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and Stellantis NV (NYSE:STLA). Their labor force, represented by the United Auto Workers (UAW), threatens to expand walkouts on Friday due to unresolved labor disputes. Detroit Automakers Face Mounting Pressure As UAW Strike Continues According to Bloomberg, the crux of the dispute involves job security and pay parity for temporary workers. UAW’s president, Shawn Fain, has issued a warning to broaden the walkouts to additional plants if the companies do not make considerable headway in negotiations. Fain’s strategy diverges from his predecessors’, as th

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 138 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: December 23, 2022 Record Date: December 27, 2022 Payable Date: December 30, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount Long-Term Capital Gain Per Share Amount     ACTIVELY MANAGED EXCHANGE-TRADED FUNDS       First Trust Exchange-Traded Fund III   FCAL Nasdaq First Trust California Municipal High Income ETF

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 129 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:       September 23, 2022 Record Date:       September 26, 2022 Payable Date:       September 30, 2022 Ticker   Exchange   Fund Name   Frequency     Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS     First Trust Exchange-Traded Fund III FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly     $0.1000 FEMB

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 135 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations:   Expected Ex-Dividend Date:   June 24, 2022   Record Date:   June 27, 2022   Payable Date:   June 30, 2022 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III    FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly   $0.0925 FEMB   N

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 120 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: March 25, 2022 Record Date: March 28, 2022 Payable Date: March 31, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0900 FEMB Nasdaq First Trust Emerging Markets

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 133 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   December 23, 2021 Record Date:   December 27, 2021 Payable Date:   December 31, 2021 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   Short-Term Capital Gain Per Share Amount   Long-Term Capital Gain Per Share Amount           ACTIVELY MANAGED EXCHANGE-TRADED FUNDS                    First Trust Excha

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   September 23, 2021 Record Date:   September 24, 2021 Payable Date:   September 30, 2021 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly   $0.0900 FEMB   Nasdaq  

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded funds (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   June 24, 2021 Record Date:   June 25, 2021 Payable Date:   June 30, 2021   Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0950 FEMB Nasdaq First Trust Emerging Markets Local Curren